• Exclusive: Not worried about rupee overvaluation right now, says Rajan April 2, 2014

    Mumbai: Reserve Bank of India governor Raghuram Rajan said he was not worried about rupee overvaluation for now. Strong foreign fund inflows over the last couple of months have lifted the rupee to an 8-month high, stoking concerns that India's exports could become uncompetitive. "When we were at 60/$, people...
  • Amartya Sen salutes AAP electoral strategy, asks it to be more inclusive February 23, 2014

    Mumbai: A prominent face in the Lok Sabha elections is Arvind Kejriwal who will campaign in Haryana on Sunday. Nobel laureate Amartya Sen has called AAP's success in Delhi Assembly election a major achievement and saluted its electoral strategy. He said, "To be able to win electoral support massively in...
  • Fisc consolidation needs to be our mantra for Budget: Basu February 16, 2014

    In an interview to CNBC-TV18's Latha Venkatesh, Kaushik Basu, chief economist of World Bank spoke about his reading of the global economy and his outlook. Below is a verbatim transcript of the interview: Q: You aren't one of us at this point in time, in a way, as the World...
  • RBI to announce 3rd quarter monetary policy review today January 28, 2014

    New Delhi: The Reserve Bank of India is likely to announce the third quarter monetary policy on Tuesday. The experts have said that the RBI may retain the status quo despite the clamour to slash interest rates. Banks across the country have been insisting on rate cuts to help boost...
  • RBI to withdraw pre-2005 currency notes to unearth black money January 23, 2014

    The RBI has announced that currency notes issued before 2005 will no longer be accepted. The notes can be exchanged at banks till July. The old notes are being withdrawn because they do not display the year they were printed. The move is being seen as an effort to crack...
  • Maharashtra: AAP effect not reason for power tariff cut, says Chavan January 21, 2014

    Mumbai: After protests from opposition parties and even members of the Congress, the Maharashtra government reduced power tariffs by 15 to 20 per cent on Monday. Maharashtra Chief Minister Prithviraj Chavan defended his government saying that the decision is not under pressure but has been taken consciously. "All the sections...
  • RBI likely to hike repo rate in mid-quarter policy review today December 18, 2013

    The Reserve Bank of India (RBI) will come out with its mid-quarter policy review on Wednesday. With the recent surge in inflation, a rate hike looks imminent. ...
  • RBI hikes repo rate by 25 basis points, CRR unchanged October 29, 2013

    New Delhi: The Reserve Bank of India on Tuesday hiked repo rate by 25 basis points from 7.50 per cent to 7.75 per cent. The RBI has kept the Cash Reserve Ratio (CRR) unchanged at 4 per cent. With the rupee having stabilised, the RBI lowered its Marginal Standing Facility...
  • Raghuram Rajan to announce his maiden RBI monetary policy today September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan will announce his maiden monetary policy on Friday. The move by the US Federal Reserve not to taper stimulus has made his job easier, but he still has to balance slowing growth with accelerating inflation which soared to 6-month high of 6.1...
  • RBI intervenes to curb rupee's volatility August 21, 2013

    The Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy. ...
  • Markets continue to fall; Rupee closes at 63.25 vs dollar August 20, 2013

    The carnage on the dalal street continued on Tuesday with the Rupee opening at its all time low of 64.11. It however recovered by the end of the day's trade and closed at 63.25 to the dollar. This is an all time closing low for the rupee. ...
  • RBI to announce quarter monetary policy; unlikely to cut repo rate July 30, 2013

    The RBI on Tuesday will reveal its quarter monetary policy review. It's the first time since 1997, that the rupee will be at the centre of a quarterly monetary policy. ...
  • Economy to grow at 5 per cent in 2012-13 February 7, 2013

    India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 2012/13 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. ...
  • RBI likely to cut repo rate by 25 points today January 29, 2013

    The Reserve Bank of India is widely expected to make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due to worries over the fiscal and external deficits and inflation. ...
  • RBI credit policy: 'Big rate cut unlikely' October 30, 2012

    All eyes are on the Reserve Bank of India on Tuesday as it reviews its credit policy. It is up against stubborn inflation. Will we see a cut in interest rates? CNBC-TV18's banking editor Lata Venketesh tells us what to expect. ...