M/s Motherson Sumi Systems Limited raises Foreign Investment limit from 24 percent to 30 percent: RBI

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest upto 30 per cent of the paid up capital of M/s Mot…

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RBI to conduct Overnight variable rate reverse repo auction under LAF Today For ₹ 150 billion between 4.00 pm and 4.30 pm

The Reserve Bank of India will conduct Overnight variable rate reverse repo auction for a notified amount of ₹ 150 billion today (September 27, 2016, Tuesday). The auction will be conducted between 4.00 pm and 4.30 pm as per the revised gui…

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RBI imposes penalty on The Deola Merchants Co-operative Bank Ltd., Deola, Dist. Nashik

The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on The Deola Merchants Co-operative Bank Ltd., Deola, Dist. Nashik in exercise of the powers vested in it under the provisions of Section 47A(1)(…

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Murrey levels analysis – The level (0/8) is holding the price

USDJPY – Down The four-hours chart USDJPY. After short consolidation above level (1/8) pair has broken this level. Strategic this isn’t small loss for buyers because it is only local support level. The key support level locates on (0/8) level and bears couldn’t break through this level. The main possibility is possibility with pair growth. The aim is intermediate support level (2/8). This possibility would be canceled if pair breaks level (0/8). Trading decisions: buy from current levels with aim on 101.56 (2/8) level
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