BofA-ML Cuts FY15 Current Account Deficit Forecast to 1.7% The RBI needs to build foreign exchange reserves of $373 billion by March 2016 to maintain the present eight-month import cover, the US brokerage said.
PSU Banks Need $37 Bn in Capital to Meet Basel III Norms: Moody's The estimate is based on assumptions that there would be a moderate recovery in the economy and a gradual decline in non-performing loans.
Maruti's Hold on Best-Selling Cars in India Continues The Alto sold 1,03,123 units during April-August 2014 as compared to 91,665 units sold in the corresponding period a year ago.

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