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RBI eases gold import norms

The Reserve Bank has eased the restrictions on gold imports by scrapping the 80:20 scheme, under which it was mandatory to export at least 20 per cent of the imported metal. The move is expected to bring down the price of the precious metal.The 80:20 scheme was put in place in August last...


Forex reserves down by $672.4 million to $314.87 billion

The Reserve Bank of India has said that the country's foreign exchange reserves dipped by 672.4 million US dollars to 314.878 billion dollar due to a decline in core currency assets.As per the data, total reserves were up by 419.4 million dollar to 315.55 billion during the previous re...


India's GDP growth slows to 5.3 % in second quarter

The Indian economy grew at a rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors. The Gross Domestic Growth in the second quarter was better than 5.2 per cent of the same period last fiscal but was slower than 5.7 per cent r...


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