Monday, June 25, 2012

RBI HIKES ECB LIMIT, OVERSEAS INVESTMENT IN G-SEC

RBI hiked the limit of external commercial borrowing (ECB) to USD 10 billion. The regulator also increased the limit of overseas investment in government securities to 20 billion dollars.

However the markets are disappointed with the measures and turned red.The Sensex which was up more than 100 points, was down around 100 points, by close.

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