The Hindu Business Line : Sunday, January 11, 2004

FOREX
Remittances up to $25,000 abroad allowed
IN yet another move towards capital account convertibility, the Government has allowed citizens to freely remit up to $25,000 a year abroad. This was announced by the Finance Minister, Mr Jaswant Singh, on Friday. As an incentive, ... More

Forex reserves jump by $1.5 b
THE New Year sees further increases in the accretion to the country's foreign exchange reserves. For the week ended January 2, the kitty grew by $1.513 billion to touch $102.103 billion. According to the RBI's latest statistics, the foreign ... More

CREDIT MARKET
Bank credit up by Rs 10,204 cr
BANK credit has jumped by Rs 10,204 crore for the fortnight ended December 26, 2003 to a cumulative figure of Rs 7,80,572 crore. This is the biggest jump for a fortnight in recent times with the average increase having been as low as Rs ... More

Cross Currency Rates

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Friday, yet again lucky for Sensex

Remittances up to $25,000 abroad allowed

Forex reserves jump by $1.5 b

March-April ideal for polls: Mahajan

Looking back
Jan. 4-Jan. 10
IRDA finds promising market for crop insurance

Home loan recoveries: Practices `unfair and fair'

Forex reserves up $541 m

Exporters make a case for cheap dollar credit

India in $100-b forex club sans export boom!

Bank reform and the rural sector

Dollar's descent worries financial, commodity markets

Rate war spills over to farm loans sector

States to borrow Rs 5,000 cr to prepay Central loans