CASH RESERVES

  • RBI keeps Repo Rate unchanged at 8 pc, CRR at 4 pc April 1, 2014

    New Delhi: The Reserve Bank of India maintained status quo in key rates on Tuesday, keeping the Repo Rate unchanged at 8 per cent and Cash Reserve Ratio at 4 per cent. The RBI also warned that failure to elect a stable government in the coming elections will accentuate "downside risks...
  • RBI keeps key rates unchanged December 18, 2013

    Mumbai: The Reserve Bank of India (RBI) has kept key policy rate and cash reserve ratio unchanged in the December 2013 MidQuarter Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation, the RBI decided to keep the policy repo rate under the liquidity...
  • India Inc disappointed by hike in repo rate by RBI September 20, 2013

    Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital. "High interest rate has been identified as a major...
  • Raghuram Rajan defends his monetary policy, says RBI is anti-inflation September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan defended his first monetary policy on Friday in which the repo rate was hiked by 25 basis points from 7.25 per cent to 7.5 per cent. He said, "We intend to make repo rate the effective policy rate." He also said the repo...
  • Raghuram Rajan hikes repo rate by 25 basis points September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan on Friday hiked the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.25 per cent to 7.5 per cent with immediate effect. The RBI said repo rate has been hiked to bring down inflation to tolerable level and...
  • 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...
  • Full text: RBI's midquarter monetary policy review June 17, 2013

    The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices. Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic...
  • RBI leaves rates unchanged, warns of inflationary risks June 17, 2013

    Mumbai: The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices. The RBI also called for vigilance over global economic uncertainty, citing...
  • If RBI can't cut CRR, let them pay us interest on it: SBI June 17, 2013

    Mumbai: Ahead of the midquarter review of monetary policy on Monday, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority....
  • RBI to use all options, including CRR, to manage liquidity May 7, 2013

    Mumbai: Reserve Bank Governor D Subbarao on Monday said the Reserve Bank will consider all options available, including reducing the cash reserve ratio (CRR), to manage liquidity in the system. "The assumption that OMOs will be the preferred tool is wrong. Don't go with that assumption. We will use all...
  • RBI likely to cut key policy rates by 0.25 pc: Experts March 17, 2013

    New Delhi: Taking cue from declining core inflation levels and sluggish growth trends, the Reserve Bank of India is likely to cut key policy rates by 0.25 per cent in its mid-quarter review on March 19, global investment banking majors have said. Even if RBI cuts rates on Tuesday, the tone...
  • Google clings on to its $48 billion cash pile for future acquisitions March 1, 2013

    San Francisco: Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday. Patrick Pichette, who oversees Google's bank accounts as the company's chief financial officer, explained the company's rationale for hoarding $48...
  • 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 highlights January 29, 2013

    Mumbai: Following are the highlights of the RBI's third quarter monetary policy review: * Shortterm lending rate or repo rate reduced by 0.25 per cent to 7.75 per cent, first time in nine months. * Reverse repo rate stands adjusted to 6.75 per cent. * Reduces cash reserve ratio (CRR) by 0.25 per...
  • RBI cuts repo rate, CRR by 25 bps January 29, 2013

    New Delhi: The Reserve Bank of India on Tuesday lowered its key policy rate as expected for the first time in nine months to support an economy set for its slowest growth in a decade, but signalled there was less room for aggressive cuts in future due to concerns over...
  • RBI holds repo rate, CRR; focus shifts to growth December 18, 2012

    Mumbai: 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. The Reserve Bank of India (RBI) reiterated guidance from its...
  • RBI keeps CRR, repo rate unchanged December 18, 2012

    Mumbai: 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. The Reserve Bank...
  • Inflation is still a concern: RBI governor Subbarao October 30, 2012

    The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the JanuaryMarch quarter, although inflation remains a nearterm concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent. As inflation eases further,...
  • RBI cuts CRR by 25 bps, keeps repo rate unchanged October 30, 2012

    New Delhi: The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the JanuaryMarch quarter, although inflation remains a nearterm concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent was...
  • 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...
  • Govt welcomes CRR cut, expects more steps from RBI September 17, 2012

    New Delhi: The government on Monday welcomed with open arms the 25 basis points cut in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI) but said that it was still a small step. "The CRR cut by RBI is welcome. But it is a small step. We...
  • RBI monetary policy review: The highlights September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) in its midquarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation...
  • Full text: RBI's midquarter monetary policy review September 17, 2012

    The Reserve Bank of India (RBI) in its midquarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation in...
  • 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...
  • RBI's credit policy today, rate cuts unlikely September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) will be out with its credit policy on Monday amid mixed cues. It will continue to target inflation in its credit policy, that's the unanimous view of bankers, economists and fund managers polled by CNBCTV18. Eighty per cent of the market expects...
  • Follow regulations or quit: RBI to SBI chief August 27, 2012

    Kancheepuram: A top RBI official on Monday snubbed SBI Chairman Pratip K Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find "some other place" if he could not work as per the central bank's regulatory environment. "...if the SBI Chairman is not...
  • High inflation must have influenced RBI's decision: Pranab June 18, 2012

    The Reserve Bank of India on Monday kept the repo rate and the cash reserve ratio unchanged at 8.0 per cent and 4.75 per cent respectively, dashing market hopes of a 25 basis point cut. ...