RBI reckons selling dollars to oil companies - IBTL

RBI reckons selling dollars to oil companies

May 26, 2012 Comment

Dehradun, (ANI): The Reserve Bank of India (RBI) may consider directly selling dollars to oil marketing companies in an attempt to arrest a further fall in the rupee, which has hit record lows for seven consecutive sessions. Interacting with mediapersons at Dehradun, RBI Governor, Duvvuri Subbarao noted that RBI is open to taking such steps as per needs of the hour. Commenting on the rupee slump, Subbarao said that certain structural changes are necessary to improve the situation.

Marriages are made in Heaven

Marriage is one of the main institutions of human civilization. In the sixteen sanskars, emphasis is laid on t..
Why compensation to only minorities, why not to RSS activists, asks BJP

The BJP has vehemently opposed the Andhra Pradesh government's move of issuing Rs. 73 Lakhs to the accused Muslim yo..
The crusader against corruption Dr. Swamy will be joining the NDA soon

Crusader against corruption Dr. Subramanian Swamy has told a TV channel that he would soon be joining NDA. Dr. Swamy said ..
The Congress Karma Sutra and The 60 second Smartphone Climax

Two Indian ministers have been caught watching porn on their Smart Phones in Parliament . The
Champions of 'Freedom of Expression' stand to get exposed as Salman Rushdie plans arrival to India

It could not have come for a worse time than this. Yesterday, India celebrated 'Pravasi Bhartiya Diwas' that is ..