 Gold prices shot up further at the bullion market.
 Silver raced ahead to touch a new historic high.
 Standard gold (9...
 Maharashtra Chief Minister Ashok Chavan has offered to
resign.
 Gandhi for discussions amidst reports that she was deep...
 An increase in interest rates for non- residents' deposits
made in Pound Sterling and Euro currencies.
 NRIs can earn i...
 The Reserve Bank of India (RBI) is likely to raise rates for
the sixth time this year.
 The RBI's key lending rate-
- t...
 It expects government approval for the Rs 20,000 crore
rights issue proposal in the next two months.
 The actual issue ...
Weekly news
Weekly news
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Weekly news

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Weekly news

  1. 1.  Gold prices shot up further at the bullion market.  Silver raced ahead to touch a new historic high.  Standard gold (99.5 purity) spurted by Rs 215 per 10 grams to close at Rs 19,665 from closing level of Rs 19,450.  Pure gold (99.9 purity) also rose by a similar margin to end at Rs 19,760 from closing of Rs 19,545.  Silver ready (.999 fineness) jumped by a hefty Rs 1,090 per kg to finish at Rs 37,910 from previous overnight closing level of 36,820.
  2. 2.  Maharashtra Chief Minister Ashok Chavan has offered to resign.  Gandhi for discussions amidst reports that she was deeply upset over the entire affair.  Three of the chief minister's relatives were allotted flats in the Adarsh Group Housing Society meant for the families of Kargil war victims.  The Congress high command appears to be upset with Chavan.  Mother-in-law, Sister in law and Brother in law, were among the 103 members of the controversial Adarsh Housing Society
  3. 3.  An increase in interest rates for non- residents' deposits made in Pound Sterling and Euro currencies.  NRIs can earn interest at 2.51 per cent to 3.20 per cent on Euro currency.  On Pound Sterling deposits will be from 2.48 per cent to 3.16 percent.  First Consumers National Bank (FCNB) rates come into effect from November 1.  Rates hike on GBP and Euro deposits are between 0.01 per cent to 0.24 per cent across maturities.
  4. 4.  The Reserve Bank of India (RBI) is likely to raise rates for the sixth time this year.  The RBI's key lending rate- - the repo rate , at the end of March 2011 is seen at 6.5 percent. - the reverse repo rate , or borrowing rate, is seen at 5.5 percent.  Due to the sticky nature of inflation.
  5. 5.  It expects government approval for the Rs 20,000 crore rights issue proposal in the next two months.  The actual issue could take place before the end of financial year (2010-11).  The fund raised would enable the banking behemoth to fuel its business plans.  A rights issue will not normally lead to a dilution of government equity in SBI.

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