The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was on Monday awarded to Ben S Bernanke, Douglas W Diamond, and Philip H Dybvig for their research work on bank regulation and how financial crises should be managed.
US Federal Reserve Chairman Ben S Bernanke held talks with RBI Governor Duvvuri Subbarao in Mumbai.
The precious metal spurted to regain Rs 27,000 level after June 24 as it rose in global markets following Federal Reserve Chairman Ben S Bernanke backed sustained stimulus for the for some time.
In the backdrop of the US economy slowly improving, the US Federal Reserve chairman Ben S Bernanke has said that stricter regulatory measures would be the 'best' response to tackle housing bubble.
The US Federal Reserve chairman Ben S Bernanke has been named as the 'Person of the Year 2009' by the leading American magazine Time.
The NSE Nifty also closed at 16- month high at 4,958, up 66 points. US markets rose to calender year high on Tuesday after strong manufacturing and retail sales boosted commodity prices and shares of material companies.
While gold fell by Rs 400 to Rs 28,000 per 10 grams, silver plunged by Rs 1,500 to Rs 43,100 per kg on poor offtake.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Central bank raises red flag, warns of potential risk
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