DAILY CURRENT AFFAIRS MARCH 23 2014 BUSINESS CURRENT AFFAIRS RBI Principal Chief General Manager, “Alpana Killawala” said : Federal Bank jumps 6% as RBI raises FII limit to 74% : On Saturday, RBI Principal Chief General Manager, Alpana Killawala said that The Shares of Federal Bank surged a 6% in special trade. After the Reserve Bank of India (RBI) told to The foreign institutional investors (FIIs) would be allowed to own up to 74% in the bank.The Centre’s approval to increase foreign investment limit in the bank from 49% to 74%. The restrictions placed on the purchase of shares of Federal Bank have been withdrawn with immediate effect. Forex said :The Rupee rise up 45 paise against dollar On Friday, The Forex traders said that The rupee rise up 45 paise, it is the biggest daily gain in two weeks, to end at 60.89 versus the US dollar on massive capital inflows linked to the government stake sale in Axis Bank.The reason of rising is aided by fresh dollar selling by exporters and some banks on the back of a weak American currency overseas. For remaining INTERNATIONAL ,NATIONAL ,SPORTS CURRENT AFFAIRS Click Here : goo.gl/l6DwPU
Posted on: Sun, 23 Mar 2014 12:10:26 +0000
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