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QUOTE OF THE DAY - 23 Sep 2016

“The sharp fall in gold imports and continuing benefit from a lower oil import bill limited the current account deficit at a marginal $0.3 billion, offsetting the drag exerted by the narrower surplus of services trade and lower remittances.”

Aditi Nayar , Senior Economist, ICRA
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QUOTE OF THE DAY - 23 Sep 2016

“A large number of gold bond applications have been received by banks and post offices. To enable smooth uploading of applications into RBI’s E-Kuber system, particularly by post offices, the issue date of the SGB is shifted from September 23to September 30, 2016.”

RBI , RBI
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