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October
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August 2007
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Custom Exchange Rates
» August 2007
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» December 2007
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Highlights:

  • Highlights of CRR hiked by 0.5 pc to 7.5 percent from 10th November
  • Bank, repo, reverse repo rates unchanged
  • GDP growth outlook unchanged at 8.5 pc for 2007-08
  • Inflation to be contained close to 5 percent in FY'08
  • Inflation expectation in range of 4-4.5 percent
  • Medium term objective on inflation is 3 percent
  • Oil companies permitted to hedge foreign exchange on overseas OTC exchange
  • Importers and exporters allowed call, put options
  • Authorised dealers permitted to offer American Options
  • Working group on RRB, core banking roadmap
  • Financial aid to RRBs for IT implementation
  • Action plan for National Electronic Clearing Service
  • Hi-level committee to review lead bank scheme Review