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RBI asks banks to advise argi-borrowers to hedge risks

The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges. The RBI said, banks may encourage large agricultural borrowers such as agricultural commodity processors, traders,...


Gold dips Rs 25 to Rs 27,325 per ten grams

Falling for the third straight day, gold dipped 25 rupees, to 27,325 rupees per ten grams at Delhi's bullion market, on poor demand from jewelers, and negative global cues. Silver fell 260 rupees, to 38,540 rupees per kilo. Silver coins remained steady, at 56,000 rupees for buying 100 pieces.


‘Make in India’ should not entirely focus on global market: Rajan

Reserve Bank Governor Raghuram Rajan on Thursday said it was a worthwhile ambition to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems. The Reserve Bank chief also emphasized the need...


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