Tuesday 22 March 2016

ECONOMIC NEWS 21 MARCH

US  may hike rates by 50 bps in 2016 & US economic growth rate to struggle at 2%.

's reference retail inflation rate is projected at 6.5%. Interest rates in US will keep going up.

Defence procurement policy effective from April 2. New DPP will fast-track peacetime procurements.

: WMA limit for April-Sept set at Rs 50,000 cr. May trigger fresh market loans when 75% WMA limit is reached

Data: FY16 Q3 Current Account Deficit at $7.1 bn vs $7.7 bn YoY FY16 Q3 Current Account Deficit at 1.3% of GDP vs 1.5% of GDP YoY

Net investment in Q3 at $10.8 bn.
Portfolio investment outflows at $0.2 bn vs $3.5 bn QoQ

Net services receipts moderated YoY due to fall in exports
Foreign exchange reserves increased by $4.1 bn Q3 FY16
HDFC to pay interim dividend of Rs 3/sh
Bank Board Bureau to hold first meeting on April 8.

Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
 Mobile:                               +91 9811340788
E-mail ID:         anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.

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