The Hindu Business Line : Sunday, February 22, 2004

FOREX
Forex reserves surge by $899 m
THE foreign exchange reserves of the country increased by $899 million to $107.506 billion for the week ended February 13, up from $106.607 billion the previous week. According to the latest weekly statistical supplement released by the ... More

HOUSING FINANCE
PNB Housing Fin cuts rates on five-year loans
PNB Housing Finance Ltd, a wholly owned subsidiary of Punjab National Bank, has reduced interest rates by 50 basis points to 7.5 per cent on home loans up to five years. According to a company release, the interest rates for period above five ... More

RBI & OTHER CENTRAL BANKS
Limit on export of goods as gift hiked
THE Reserve Bank of India (RBI) has raised the limit on export of goods by way of gift to Rs 5 lakh per annum from the previously set limit of Rs 1 lakh. In a notification issued on Saturday, the RBI has invited the attention of authorised ... More

Indian cos can now grant loans to staff abroad
As a measure of `liberalisation and procedural simplification,' the Reserve Bank of India on Saturday decided to grant permission to Indian companies in India to grant loans in foreign currency to the employees of their branches aboard for ... More

CREDIT MARKET
Bank credit up Rs 10,829 cr
BANK credit has jumped up by Rs 10,829 crore for the fortnight ended February 6, to a cumulative figure of Rs 8,06,180 crore. This is one of the few jumps in bank credit of over Rs 10,000 crore seen this fiscal with most others averaging ... More

Cross Currency Rates

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