The Hindu Business Line : Sunday, September 05, 2004

FOREX
Forex reserves decline by $1.37 billion
THE country's forex kitty declined for the third week in a row, with reserves shrinking by over $1 billion in the last week of August. Forex reserves plunged by $1.37 billion for the week ended August 27, to touch $117.522 billion, as per RBI ... More

CREDIT MARKET
RBI proposes `cluster approach' on SSI credit
WITH a view to enhance flow of credit to the SSI sector, the Reserve Bank of India has asked banks to adopt a "cluster-based" approach to cater to the diverse needs of small and medium enterprises. A full-service approach to meet the needs of ... More

Gross bank credit up Rs 10,742 cr
GROSS bank credit in the system surged by Rs 10,742 crore to touch Rs 9,02,970 crore for the fortnight ended August 20, as per the latest RBI statistics. This was primarily led by a Rs 13,258-crore increase in non-food credit which stood at Rs ... More

Cross Currency Rates

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