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76
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by: ganesh
The rupee was up 6 paise at 64.39 against the dollar in opening trade today, helped by stronger domestic equities....
76
Views
by: ganesh
Estimating GDP growth in short- term is a very difficult task given "shocks" like GST, note- ban and bank NPAs, and the Indian economy may require two years to "consolidate" by which time we should aim for a 7.5 per cent growth, former RBI Governor Y V Reddy has said. "In a shock, negative element is front loaded. ...
80
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by: ganesh
Taking the fight to the arena used by fraudsters promising prize money from the RBI, the central bank has itself launched an SMS campaign and a 'missed-call' helpline to warn people against such scams....
91
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by: ganesh
The rupee edged up 2 paise to 64.55 against the US dollar in early trade at the inter bank Forex market today on increased selling of the American currency by exporters and banks....
74
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by: ganesh
Analysts today said the Reserve Bank move to reduce merchant discount rate (MDR) on debit cards is negative for acquiring banks like HDFC Bank and Axis Bank in the short-term as the surge in volumes is unlikely to make up for the losses....

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