RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 53.5770 rupees and the euro at 69.8925 rupees. Dec 14, 2011

Govt Puts FDI in Retail on Hold, Opposition Insists on Rollback

To break the impasse on Foreign Direct Investment in retail that has stopped the Parliament's winter session, the Central Government has announced that the decision to allow 51 percent FDI in retails has been put on hold. However, the winter session is likely to face trouble, as the Opposition party is demanding a rollback on the decision. Dec 5, 2011