2. 1. RBI hikes key interest rates by
25 basis points
The Reserve Bank of India (RBI) hiked its
short-term borrowing and lending rates by 25
basis points, continuing with its tight
monetary policy stance to tame inflation, but
hinted that the rates would not undergo any
more changes in the immediate future.
The repurchase rate now stands revised to
6.25 percent from the earlier 6 percent, while
the reverse repurchase rate has been hiked
to 5.25 percent from 5 percent. The cash
reserve ratio (CRR) has been kept
unchanged.
3. 2. Banks borrows record
Rs.1.31Lac. cr. from RBI
Banks borrowed highest from RBI to tide
over cash crunch which forced RBI to
resort to temporary liquidity easing
measures .
RBI opened 2nd window under liquidity
adjustment facility (LAF) through which it
either absorbs excess liquidity or injects
funds to ease shortages.
4. 4. Coal India lights up street on
Diwali, gains 40% on debut.
Coal India gains 40% to Rs. 342.35 on
debut creating many records.
Coal India – the biggest IPO offering ,
biggest coal producer in the world.
5. 1. RBI hikes key interest rates by
25 basis points
The Reserve Bank of India (RBI) hiked its
short-term borrowing and lending rates by 25
basis points, continuing with its tight
monetary policy stance to tame inflation, but
hinted that the rates would not undergo any
more changes in the immediate future.
The repurchase rate now stands revised to
6.25 percent from the earlier 6 percent, while
the reverse repurchase rate has been hiked
to 5.25 percent from 5 percent. The cash
reserve ratio (CRR) has been kept
unchanged.
6. 2. Banks borrows record
Rs.1.31Lac. cr. from RBI
Banks borrowed highest from RBI to tide
over cash crunch which forced RBI to
resort to temporary liquidity easing
measures .
RBI opened 2nd window under liquidity
adjustment facility (LAF) through which it
either absorbs excess liquidity or injects
funds to ease shortages.
7. 4. Coal India lights up street on
Diwali, gains 40% on debut.
Coal India gains 40% to Rs. 342.35 on
debut creating many records.
Coal India – the biggest IPO offering ,
biggest coal producer in the world.
