Amazines Free Article Archive
www.amazines.com - Saturday, July 12, 2025
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133577)
 Advice (161673)
 Affiliate Programs (34799)
 Art and Culture (73858)
 Automotive (145725)
 Blogs (75623)
 Boating (9851)
 Books (17224)
 Buddhism (4130)
 Business (1331059)
 Business News (426461)
 Business Opportunities (366526)
 Camping (10974)
 Career (72796)
 Christianity (15854)
 Collecting (11638)
 Communication (115089)
 Computers (241958)
 Construction (38977)
 Consumer (49954)
 Cooking (17080)
 Copywriting (6734)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20323)
 Dating (45910)
 EBooks (19704)
 E-Commerce (48279)
 Education (185536)
 Electronics (83525)
 Email (6438)
 Entertainment (159864)
 Environment (29004)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111012)
 Fashion & Cosmetics (196613)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310640)
 Fitness (106492)
 Food & Beverages (63058)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25207)
 Government (10519)
 Health (630190)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91753)
 Home Improvement (251309)
 Home Repair (46261)
 Humor (4729)
 Import - Export (5462)
 Insurance (45105)
 Interior Design (29637)
 International Property (3488)
 Internet (191034)
 Internet Marketing (146690)
 Investment (22864)
 Islam (1161)
 Judaism (1352)
 Law (80500)
 Link Popularity (4596)
 Manufacturing (20933)
 Marketing (99329)
 MLM (14140)
 Motivation (18237)
 Music (27000)
 New to the Internet (9498)
 Non-Profit Organizations (4049)
 Online Shopping (129743)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12691)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126918)
 Recreation & Leisure (95497)
 Relationships (87678)
 Research (16182)
 Sales (80369)
 Science & Technology (110299)
 Search Engines (23525)
 Self Improvement (153318)
 Seniors (6224)
 Sexuality (36012)
 Small Business (49397)
 Software (83054)
 Spiritual (23537)
 Sports (116156)
 Tax (7664)
 Telecommuting (34070)
 Travel & Tourism (308301)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11803)
 Website Design (56951)
 Website Promotion (36673)
 World News (1000+)
 Writing (35853)
Author Spotlight
AREESH ISHTIAQ

Areesh Ishtiaq a Top Rated SEO and Digital Marketing Guru on Upwork, working as a project manager fo...more
RAM SEWAK

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more
LINDA HOLLAND

I am a passionate article and blog writer based in South Africa. With a love for life and a strong d...more
RAJESH THAPALIYA

I am in Nepalest tourism industery working since 2000 as a trekking porter to the senior tour leader...more
DESIGNPLUZ PTY LTD

Designpluz has steadily matured from a passionate graphics design start-up, into a full service digi...more


Rbi will take steps to arrest rupee fall, says subbarao - Zirconium Titanium - Titanium Anode Baske by grehh hernjer





Article Author Biography
Rbi will take steps to arrest rupee fall, says subbarao - Zirconium Titanium - Titanium Anode Baske by
Article Posted: 02/18/2013
Article Views: 100
Articles Written: 1951
Word Count: 761
Article Votes: 0
AddThis Social Bookmark Button

Rbi will take steps to arrest rupee fall, says subbarao - Zirconium Titanium - Titanium Anode Baske


 
Business,Business News,Business Opportunities
With the rupee continuing its free fall, the Reserve Bank of India,on Thursday, indicated that it might sell dollars directly to oilcompanies to ease pressure on the currency. RBI Governor D. Subbarao, in his interaction with media after theboard meeting, also hinted at the possibility of issuance ofoverseas sovereign bonds to deal with the balance of paymentsituation. "The RBI will do whatever is necessary. Some structuralchanges are necessary for improvement in current account.Meanwhile, the RBI is monitoring the situation and we will dowhatever is necessary, consistent with our policy," he said.

Direct sale of foreign exchange to oil marketing companies, Dr.Subbarao said, "has been an issue on the table. I am notruling it out. I am also not saying that we are going to do itright know. It's an open issue. We have done it in the past.

At themoment, we have not done it so far." Several experts, including C. Rangarajan, Chairman of the PrimeMinister's Economic Advisory Council (PMEAC), have suggested thathe RBI should consider selling foreign currency to oil companies asthey withdraw huge amounts to buy crude in the internationalmarket. As regards the sovereign bonds, the RBI chief said, "I cannotsay in favour or out of favour. We have done it in the past, itmight be done in the future... but it's not something that is beingcontemplated right now." India in the past had raised funds from overseas markets fromissues such as the Resurgent India Bonds to tide over the balanceof payment problems.

After losing ground three days in a row, the rupee, on Thursday,touched its lifetime low of 56.38 to a dollar but recovered toclose at 55.65 after Dr. Subbarao's press conference. Since March 1, the rupee has lost over 13 per cent and 11 per centsince the presentation of the budget on March 16 in the face ofwithdrawal of funds by foreign investors from stock markets. Thebudget contained proposals such as retrospective taxation andgeneral anti-avoidance rules (GAAR), which impacted foreignportfolio investment.

Pointing out that the rupee had beendepreciating over the last 3-4 months, Dr. Subbarao said,"the RBI is continuously monitoring the situation. We havetaken action through current account flows, encouraged inflows andalso (steps) to curb speculation.' The movement of the rupee, Dr. Subbarao said "is a functionof external situation as well as development in current account andcapital account and balance of payments.' Replying questions on the price situation, Dr.

Subbarao said thedeterioration in inflation had been mainly on account of rise inprices of food items. "We noted that inflation has been asurprise upside for April. We also noted that increase has been onaccount of food inflation," Dr. Subbarao said, adding thatthe central bank would take into account recent developments whileannouncing its mid-quarterly policy review on June 18.

Inflation, represented by the wholesale price index, rose to 7.23per cent in April from 6.89 per cent in the previous month, whileretail price inflation (CPI) entered double digits of 10.36 percent in April (9.38 per cent in March). "Core inflation, which is non-food manufacturing (items), hasremained below 5 per cent. So in our next mid-quarterly review, wewill take into account the numbers which have come after ourmid-April statement. We will consider how the inflation scenariohas evolved.

We will take into account the growth statistics andtake a decision," Dr. Subbarao said. Pitching for reduction of fiscal deficit, Dr. Subbarao said, it wasnecessary to contain inflation.

"Our views are quite well known on fiscal deficit. We havesaid that fiscal consolidation is important and very necessary forinflation to come down. So we have said that in our annual policystatement last month that the government must deliver on thebudgeted fiscal deficit target," he said. Because of various global and domestic factors, the fiscal deficitof the Central Government during 2011-12 soared to 5.9 per cent ofthe Gross Domestic Product (GDP) as against the target of 4.6 percent. The government proposes to bring it down to 5.1 per cent ofGDP in 2012-13.

The current account deficit, which is the difference betweeninflows and outflows of foreign exchange, rose to 4 per cent of GDPat the end of December, 2011, as against 3.3 per cent during2010-11. On the volatility in stock markets, Dr. Subbarao said, "theRBI does not follow the stock market. We look at the stock marketfor understanding the macro-economic situation, but I cannotcomment on stock market movements.".

We are high quality suppliers, our products such as Zirconium Titanium , Titanium Anode Basket for oversee buyer. To know more, please visits Titanium Seamless Pipe.

Related Articles - Zirconium Titanium, Titanium Anode Basket,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
STEPHEN BYE

Stephen Bye is a fiction writer. His most recent novels are a 5-book “The Developer” series which be...more
LEVAL AINAH

I am an internet marketer and also an educator. My goal is to help others who are looking to improve...more
TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
PAUL PHILIPS

For more articles, blog messages & videos and a free e-book download go to www.NewParadigm.ws your p...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2025, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license