NEW DELHI - The Indian economy grew by 8.9 percent in the second quarter of this fiscal, latest data on gross domestic product (GDP) showed Tuesday, much above the forecasts and the government's own expectations of 8.5 percent expansion this whole fiscal.
The Reserve Bank of India’s Reference Rate for the US dollar is ` 46.04 and the Reference Rate for Euro is ` 60.36 on November 30, 2010. The corresponding rates for the previous day (November 29, 2010) were ` 45.81 and ` 60.66 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the Rupee are :
NEW DELHI - Stating that investors' money in banks was safe, Finance Minister Pranab Mukherjee said Tuesday that the government would take appropriate action if it finds any irregularities in the disbursement of loans by financial institutions.
The results of the RBI Repo/Reverse Repo auctions held on November 30, 2010 are: