The Reserve Bank on Monday said there is a limited scope for easing of monetary policy over the next few months as there is a risk of inflation escalation as well as concerns over fiscal and current account deficits. "There is room for monetary easing over the next few months, but that room is limited because of the outlook for inflation and outlook for growth," RBI Governor D Subbarao told...
07:10 PM, Feb 18, 2013
The Reserve Bank of India on Tuesday trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated earlier and said it was necessary to arrest the decline in growth as inflation risks moderate. ...
12:27 PM, Jan 29, 2013
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. ...
11:57 AM, Jan 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. ...
10:33 AM, Jan 29, 2013
Key indices ended in the red Tuesday after an intra-day spurt on policy rate cuts by the Reserve Bank of India. The weak closing shows that the market had already factored in a 25 basis point-cut in the repo, the rate at which RBI lends to banks. ...
09:32 AM, Jan 29, 2013
India's economic growth could fall to 5.5 per cent this fiscal before seeing gradual recovery next year, a RBI-sponsored survey said on Monday. The latest estimate, coming a day ahead of the RBI quarterly monetary policy review, is lower than the government's revised annual growth estimate of 5.7 per cent. ...
07:30 PM, Jan 28, 2013
The Reserve Bank of India said a sustained commitment to contain fiscal and current account deficits was needed to create room for monetary easing, a day before it is widely expected to cut interest rates for the first time since April. While the near-term risks to a bloating fiscal deficit have waned following the government's recent policies to stick to its fiscal deficit target of 5.3 per cent of GDP,...
06:05 PM, Jan 28, 2013
Indian economy is expected to grow at a rate of 6.7 per cent in the 2013-14 on account of expectations of cut in the key policy rates by the RBI which may have a positive impact on industrial growth and consumption, a Ficci survey on said. ...
12:56 PM, Jan 27, 2013
The Reserve Bank of India (RBI) is expected to reward the government next week for its efforts to reform the economy and bring its finances under control by announcing its first cut in interest rates in nine months. ...
12:30 PM, Jan 25, 2013
Reserve Bank of India (RBI) Governor D Subbarao on Wednesday asked banks to meet the target of providing banking facilities to small towns soon. "It is unfortunate that 90 per cent villages of the country do not have banking facilities. The target of RBI is to ensure that every family has a bank account," Subbarao said while addressing a programme here. ...
04:14 PM, Jan 16, 2013
India's inflation has come off a peak but is still high, Bloomberg quoted the Reserve Bank of India Governor D Subbarao as saying, a comment that is likely to cool expectations for a rate cut later this month. "When growth is slowing down you can stimulate the economy either by monetary easing or by fiscal stimulus, but both monetary and fiscal side have no room for stimulus. So that is...
11:21 AM, Jan 16, 2013
India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later in January to boost an economy that is set to post its slowest growth in a decade. ...
12:26 PM, Jan 14, 2013
India's headline inflation is likely to have risen in December by less than the central bank projected, and should reinforce hopes for a cut in interest rates in January to boost an economy that is set to post its slowest growth in a decade. Data to be released later on Monday is expected to show the wholesale price index (WPI), India's main inflation gauge, probably rose an annual 7.4 per...
10:07 AM, Jan 14, 2013
Indian companies recorded a decelerating sales growth rate in the first half of current fiscal, while it was 'other income' helping them post a decent growth in net profits, an analysis of Reserve Bank says. According to the analysis, published in latest monthly bulletin of RBI, the sales of non-financial private sector companies grew by 12.3 per cent in the first half of 2012-13, down from 17.3 per cent in...
01:09 PM, Jan 13, 2013
RBI Governor D Subbarao will now be directly in-charge of the monetary policy department which was under Deputy Governor Subir Gokarn who has retired. The Monetary Policy Department looks after policy issues, including interest rate. ...
08:17 PM, Jan 01, 2013
Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for their EMI payments, as RBI has extended the deadline in this regard for non-banking finance companies. In a circular RBI said that it has been decided to extend the time for NBFCs up to March 31, 2013 "to ensure withdrawal of Non-CTS 2010 Standard compliant cheques...
12:38 PM, Dec 23, 2012
The RBI kept interest rates on hold on Tuesday, ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January. ...
07:46 PM, Dec 18, 2012
The Reserve Bank of India on Tuesday left policy interest rates unchanged as expected on Tuesday, ignoring the growing clamour from business and politicians to lower them, reiterating its October guidance of further policy easing in the March quarter as it shifts its focus towards boosting growth. ...
11:15 AM, Dec 18, 2012
The Reserve Bank of India is expected to keep interest rates on hold on Tuesday despite government pressure for a cut, sticking to its guidance that it will not ease monetary policy before early next year as cooling inflation is still too high for comfort. The RBI has kept its key borrowing rate at 8 per cent since April, defying calls from business and politicians to do more to cushion...
09:49 AM, Dec 18, 2012
The Reserve Bank of India (RBI) is contemplating to allow foreign institutional investors (FIIs) in currency futures market, Deputy Governor HR Khan said on Wednesday. "We are thinking whether FIIs can participate in currency futures," Khan said while speaking at a seminar on capital markets organised by industry body CII in Mumbai. ...
09:45 PM, Dec 12, 2012
