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Inflation may rise to 6% by March next year: RBI
With inflation turning positive after 13 weeks, the Reserve Bank today said the wholesale price index may rise to six per cent by this fiscal end — a development that may pose challenges to the central bank in maintaining a stable monetary policy. http://smallpersonalloans.org.uk

WB govt didn't reject Wipro, Infy proposals: CPI(M)
The West Bengal government today said it has not rejected proposals of IT majors Wipro and Infosys for setting up units near the state capital.

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FIIs net sellers of Rs 286 cr in cash mkt today
Foreign institutional investors (FIIs) were net sellers of Rs 285.84 crore (provisional) today, according to data released by BSE.
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FinMin expects RBI to maintain soft monetary policy stance

The Finance Ministry today expressed hope that the Reserve Bank in its monetary policy review next week will continue the current soft policy stance. - Suzlon reinforces all faulty turbine blades - FinMin expects RBI to maintain soft monetary policy - RBI to tighten norms for bank VCs - RBI moots new norms for pricing loans - Inflation, interest rate hike key concerns for investors - Case for status quo "We hope it (RBI) continues," Finance Secreaty Ashok Chawla told reporters when asked whether RBI will continue its soft monetary stance. Ahead of the monetary policy review, RBI Governor D Subbarao is expected to meet Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee on October 23. Though there are inflationary pressures on the economy because of rising food prices, economists believe that the apex bank will maintain its status quo on monetary policy.


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