Easing

  • Gold swaps to cut imports, ease payment pressure July 4, 2014

    Mumbai: A plan by the Reserve Bank of India (RBI) to swap old gold in its vaults for purer metal abroad that it could pledge or sell would have the added benefits of reducing gold imports and easing pressure on the balance of payments. The RBI would sell relatively impure gold...
  • Debt-fueled growth: Can the west avoid a Japanese future? December 23, 2013

    Scientists study distant galaxies to gain a better understanding of our own planet. In the same way, Japan's experience provides important insights into current global economic problems. Unfortunately, the lessons from Japan are largely being ignored. As John Kenneth Galbraith wryly observed: "There can be few fields of human endeavour...
  • 'RBI likely to cut policy rates at its June 17 meeting' May 19, 2013

    New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The headline wholesale inflation fell to 41-month low in April...
  • Room for monetary easing limited, says RBI Governor February 18, 2013

    Moscow: 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...
  • Fiscal consolidation needed for monetary easing: RBI January 28, 2013

    Mumbai: 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...
  • July WPI inflation eases to 6.87 pc year-on-year August 14, 2012

    India's wholesale price index (WPI) rose a lower-than-expected 6.87 per cent in July from a year earlier, mainly driven by higher food prices, government data showed on Tuesday. A CNBC-TV18 poll had an annual rise of 7.25 per cent. The annual reading for May remained unchanged at 7.55 per cent. June's...