RBI Credit Policy

  • Rupee closes in on record lows; RBI fears cap losses June 24, 2013

    Mumbai: The rupee fell to near record lows on Monday as foreign investors continue to sell debt and stocks as part of an exit from emerging markets, with only fears of the RBI intervention arresting a further drop. The rupee is likely to continue hovering around a record low of 59.9850...
  • More interest rate cuts possible, says C Rangarajan January 29, 2013

    New Delhi: The Reserve Bank of India could make more cuts to the repo rate if inflation remains on projected lines, the Prime Minister's economic adviser C Rangarajan said on Tuesday. The central bank reduced its policy interest rate by a widely expected 25 basis points on Tuesday. The bank took...
  • RBI's rate cut will help revive investment: Ahluwalia January 29, 2013

    New Delhi: The Reserve Bank of India's decision to cut rates will help revive investment in the economy, Montek Singh Ahluwalia, deputy Chairman of the Planning Commission said on Tuesday, adding that the economy was beginning to bottom out after a long slowdown. The country's central bank reduced its policy interest...
  • 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. ...
  • RBI not cutting key rate makes India Inc unhappy September 17, 2012

    New Delhi: The Reserve Bank's decision to cut the Cash Reserve Ratio by 0.25 per cent, the percentage of deposits banks keep with central bank, has received mixed response from India Inc, which has been demanding a reduction in interest rate to spur growth. Interest rates on home and car loans...
  • 'RBI's infusing liquidity more potent than rate cut' September 17, 2012

    New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio. "The RBI has taken a cautious step. The latest data on inflation has not...
  • Why RBI chose not to cut policy rate and instead ease CRR September 17, 2012

    The market was expecting the Reserve Bank of India to cut interest rates after the government announced some key policy reforms last week. But by keeping the repo rate unchanged at 25 basis points, the RBI has made it clear that it is more worried about curbing inflation in the...
  • Banks may cut auto loan, fixed deposit rates September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) has kept its key rates unchanged in its mid-quarter monetary policy review on Monday, which means that the EMIs are unlikely to come down soon. The repo rate is unchanged at eight per cent while the reverse repo rate remains at seven per...
  • RBI cuts CRR by 25 bps, repo rate unchanged at 8 pc September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ration (CRR) by 25 basis points, which will leave Rs 17,000 crore more with the banks. Announcing its credit policy on Monday, which came in the backdrop of some big bang reforms pushed by the UPA Government, the...
  • Rangarajan lauds RBI over Monetary Policy April 17, 2012

    Mumbai: In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13 , has cut the policy rates by 50 basis points. The repo rate now stands at 8 per cent from 8.50 per cent earlier. Similarly, the reverse repo rate is...
  • Highlights: RBI Monetary Policy 2012-2013 April 17, 2012

    Mumbai: The following are the highlights of the Annual Monetary Policy for 2012-13 announced by the Reserve Bank of India (RBI) Governor D Subbarao on Tuesday: * Short term lending rate (repo) lowered by 0.50 per cent to 8 per cent. *...
  • Full text: RBI Monetary Policy 2012-2013 April 17, 2012

    Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks...
  • RBI rate cuts may see cheaper home, car loans April 17, 2012

    New Delhi: Home and car loans may get cheaper as the Reserve Bank of India (RBI) signalled a possible interest rate cut to boost economy at its annual credit policy on Tuesday. The government said on Monday that inflation had slightly eased in March, a day before what is forecast...
  • Realtors unhappy as RBI keeps rates unchanged March 15, 2012

    New Delhi: Real estate developers on Thursday expressed disappointment over the RBI's decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. "We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The Government...
  • Credit policy: Interest rates unchanged, markets fall March 15, 2012

    Mumbai: The Reserve Bank of India (RBI) has left key policy rates untouched on Thursday mainly on the back of high fiscal deficit and rising crude oil prices. The central bank has not cut rates for more than two years. In this period, the repo rate, which is the rate at...
  • Growth over 6 pc achievable: Pranab October 27, 2009

    New Delhi: Finance Minister Pranab Mukherjee on Tuesday ruled out any rollback of the stimulus package in a hurry and welcomed the stance taken by the central bank in its second quarterly review of the monetary policy. "Until the economy is on a firm recovery path, the stimulus will continue," Mukherje...
  • Central bank keeps lending rates unchanged October 27, 2009

    Mumbai: Concerned over creeping inflation, the central bank on Tuesday slightly tightened its monetary policy for this fiscal while retaining most policy rates, with signs of an industrial recovery providing the necessary cushion. A hike of 100 basis points in the statutory liquidity ratio, while maintaining status quo on all other...
  • Home loans slightly cheaper October 30, 2007

    New Delhi: The RBI Credit Policy is expected to impact home loan interest rates. Finance minister P Chidambaram had earlier asked banks to take a soft line regarding this and new customers have seen a cut down in loan rates during the festive season. The ICICI bank had earlier cut rates by...