Tuesday, October 5, 2010

Subbarao avoids intervention in inflation fight

The Reserve Bank of India (RBI) will avoid intervening in the foreign-exchange market for the 11th consecutive month, as the relative strength of the rupee, Asia’s second best-performer in September, helps curb inflation.

Sebi may prescribe staff code of conduct for market players

With an aim to check frauds and help it probe suspected fraudulent activity, market watchdog Sebi may prescribe a Code of Conduct for key executives of market players such as brokerages and merchant bankers.