Mumbai: The Reserve Bank of India (RBI) on Tuesday said it will buy up to 120 billion rupees of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper. The central bank said it will buy 8.07 per cent 2017 bonds, the 7.80 per cent 2021 bonds, the 8.13 percent 2022 bonds and the 8.26 percent 2027 bond using multiple-price method....
11:26 PM, Jan 03, 2012
Tonight at 10, Sagarika Ghose discusses with a panel of experts if politics in India destroy the country's growth in other spheres?
11:48 AM, Jan 03, 2012
CNBC TV18's Banking Editor Latha Venkatesh explains how the decision's taken at the RBI's credit policy meet on Friday will impact consumers. ...
08:10 AM, Dec 16, 2011
New Delhi: The Reserve Bank of India will meet on Friday to review its credit policy against the backdrop of a gloomy economic environment. Ahead of the RBI's credit policy meet, Finance Minister Pranab Mukherjee admitted that high interest rates have contributed to the economic slowdown. "Domestically the struggle against inflation and tightening of interest rate regime has contributed to lowering of growth and investment. The slowdown in industrial growth...
07:00 AM, Dec 16, 2011
New Delhi: Moderating prices of essential food items like onions, potatoes and milk pulled down inflation marginally to 9.11 per cent in November, a development that may prompt the Reserve Bank to halt its monetary tightening strategy at its policy review on Friday. Inflation, as measured by the Wholesale Price Index, stood at 9.73 per cent in October, 2011. It was recorded at 8.2 per cent in November, 2010. A...
01:13 PM, Dec 14, 2011
Dungabori (Assam): Reserve Bank of India (RBI) Governor D Subbarao has said that inflation will come down by March on the back of strengthening agro-based economy in the country. "Inflation will come down because the production and agriculture sectors will boost up the rural agro-based economy of the country," Subbarao said at a RBI Financial Outreach Programme in Dungabori in central Assam's Morigaon district. According to the RBI Governor, the...
07:27 PM, Nov 30, 2011
New Delhi: Finance Minister Pranab Mukherjee on Friday said the tight monetary policy of the Reserve Bank which has helped in curbing inflation has also impacted growth. "While the increase in repo rate along with other monetary measures has impacted the inflationary pressures favourably, there are visible sign of moderation in the growth of different sectors of the economy," Mukherjee said in a reply to the Lok Sabha. The Reserve...
03:40 PM, Nov 25, 2011
New Delhi: Food inflation declined marginally to 11.81 per cent in the week ended October 29, but the slight moderation in the rate of price rise provided little respite to consumers burdened by high prices of essential kitchen staples like vegetables and pulses. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 12.21 per cent in the previous week ended October 22. The rate of price rise...
12:53 PM, Nov 11, 2011
Mumbai: Country's largest lender State Bank of India on Wednesday ruled out a hike in savings bank interest rate as of now. "There is not much adverse movement in the savings bank (SB) balances in the last one month. As of now, we have no plans to tinker with the SB interest rates," State Bank of India (SBI) CMD Pratip Chaudhuri said here. The Reserve Bank of India in its...
01:28 AM, Nov 10, 2011
New Delhi: Wooing global investors by easing FDI procedures, the Reserve Bank on Friday said that transfer of shares between Indians and non-residents would not require its permission in several key areas like financial services. Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being transferred is engaged in any financial service. "This is a welcome...
07:21 PM, Nov 04, 2011
New Delhi: Food inflation rose to 12.21 per cent during the week ended October 22, with expensive vegetables, pulses, fruits and milk, putting more burden on the common man. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 11.43 per cent in the previous week. The rate of price rise of food items stood at 13.55 per cent in the corresponding week of the previous year. As...
12:10 PM, Nov 03, 2011
New Delhi: Finance Minister Pranab Mukherjee on Tuesday said the Reserve Bank's latest round of rate hike, which is aimed at curbing price rise, will also have some impact on economic growth. "I do hope that decision of RBI to enhance the repo rate and reverse-repo rate by 25 basis points would have its impact on inflation. Of course, it would have some impact on growth also," Mukherjee told reporters....
02:45 PM, Oct 25, 2011
Mumbai: A day before Diwali, the Reserve Bank of India on Tuesday increased the repo rate by 25 base points to 8.5 per cent in its mid-year-credit policy. This move will lead to costlier loans for the consumers. But on the positive note, no more pre-payment penalty will be charged on home loans and one will also get higher interest on his bank deposit. Following the announcement the reverse repo...
11:07 AM, Oct 25, 2011
New Delhi: The Reserve Bank of India will be announcing its mid-year credit policy on Tuesday, which may dampen the spirit of Diwali as it is expected to increase the repo rate by 25 basis points to 8.5 per cent. This will be the 13th raise in last 19 months. Repo rate is the rate at which the RBI lends money to banks. A higher repo rate pushes up banks'...
07:30 AM, Oct 25, 2011
Mumbai: The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. With food inflation entering double digit figures and headline inflation almost touching the mark, most analysts feel the central bank would increase repurchase rate by 25 basis...
04:56 PM, Oct 24, 2011
New Delhi: The industrial growth of the country slowed to 4.1 per cent in August on account of the poor performance of the manufacturing sector and a decline in mining output, indicating an economic slowdown. Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood at 4.5 per cent in August last year. During the April-August period this fiscal, IIP growth stood at 5.6...
11:42 AM, Oct 12, 2011
Mumbai: The country's largest lender State Bank of India (SBI) on Wednesday said it was not in favour of hiking lending rates despite the Reserve Bank's 12th consecutive rate increase last month. "We had contemplated that (interest rate hike). Right now indications are that the margins are quite robust and the net interest income for the September quarter is also pretty good. That is why we didn't think it was...
07:27 PM, Oct 05, 2011
New York: Protests against Wall Street spread across the country on Monday as demonstrators marched on Federal Reserve banks and camped out in parks from Los Angeles to Portland, Maine, in a show of anger over the wobbly economy and what they see as corporate greed. In Manhattan, hundreds of protesters dressed as "corporate zombies" in white facepaint lurched past the New York Stock Exchange clutching fistfuls of fake money....
02:55 AM, Oct 04, 2011
New Delhi: The Reserve Bank is planning to make its Web interface more interactive with a presence on social networking sites like Twitter, blogs and other online discussion forums. The RBI is conducting a Web survey where it is asking the visitors to its website whether they would like features like discussion forum, blog, live chat, Twitter (for information dissemination) and opinion polls on the site. A number of organisations...
11:50 AM, Oct 02, 2011
New Delhi: India's food price index rose 8.84 per cent and the fuel price index climbed 13.96 per cent in the year to Sept. 10, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 9.47 per cent and 13.01 per cent, respectively. The primary articles index was up 12.17 per cent, compared with an annual rise of 13.04 per cent a week earlier....
12:35 PM, Sep 22, 2011
