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London Inter Bank Offered Rate

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Where Would India Be Without Dr Singh?

 What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister......

RBI caps interest rate on NRE deposits

 The Reserve Bank of India on Thursday capped the interest on fresh repatriable Non-Resident (External) rupee deposits of one to three years at 2.5 per cent above LIBOR to ensure consistency in......

NRE deposit rate set at 1% over Libor

 The Reserve Bank of India on Monday further tightened the interest rate on repatriable non-resident external rupee (NRE) deposits. The move will put rupee (NRE) and dollar (FCNR-B) deposits on a......

Banks pulled up on ECB norms

 The Reserve Bank of India has pulled up banks for gross violations of external commercial borrowings (ECB) norms by companies.In a communication to banks, the RBI has said the regulatory ceiling on......

RBI group for deregulation of export credit rate

 A Reserve Bank of India group has suggested deregulation of ceiling on interest rate charged on pre-shipment credit in foreign currency to facilitate better availability of funds.The group's report......

Banks in a fix over NRE-Libor linkage

 The linking of non-resident external rupee deposit rate to the London inter-bank offer rate has put the banking sector in a quandary even though some banks have already cut rates.The fluctuations......

Football transfers: The Chinese pay big money

 Football's winter transfer window closed on February 1, and, surprisingly, none of Europe's biggies made even a slight move, let alone sign a player.Bikash Mohapatra/Rediff.com looks at the top......

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