INTEREST RATE

  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • RBI keeps interest rates unchanged at 8.0 per cent, mantains focus on containing inflation December 2, 2014

    Mumbai: As expected, the Reserve Bank of India has kept the interest rates unchanged at 8.0 per cent on Tuesday, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth. RBI said that on the basis of an...
  • RBI expected to hold rates, sound dovish to soothe government December 2, 2014

    Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government's call for help to revive economic growth. Forty-one of 45 economists saw the RBI keeping the repo rate at 8.00...
  • Reserve Bank of India keeps key rates unchanged September 30, 2014

    New Delhi: The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged. This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to...
  • EPFO to pay 8.75 per cent interest on PF deposits in 201415 August 26, 2014

    New Delhi: Retirement fund body EPFO's trustees on Tuesday decided to retain interest payment on provident fund deposits for 201415 at 8.75 per cent. "It has been decided to pay 8.75 per cent interest in the current fiscal," Central Provident Fund Commissioner (CPFC) K K Jalan told PTI after the meeting...
  • Arun Jaitley nudges RBI to cut rate to boost growth August 10, 2014

    New Delhi: Nudging the Reserve Bank of India to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said that he had already made his mind clear and hoped the central bank will take decision after taking into account various factors. The RBI had maintained statusquo on interest...
  • RBI to unveil credit policy review, interest rate may remain unchanged August 5, 2014

    The Reserve Bank of India will come out with its credit policy review on Tuesday. It is likely to maintain status quo on interest rate in its bimonthly monetary policy review. The central bank may prepare ground for an easier rate regime by introducing some liquidity enhancing measures. In spite...
  • RBI keeps key policy rates unchanged; slashes SLR by 0.5 per cent June 3, 2014

    There have been no changes in key policy rates by the Reserve Bank of India. While announcing the second bimonthly monetary policy, 201415, in Mumbai on Tuesday, RBI Governor Raghuram G Rajan said that the apex bank has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged...
  • Higher food costs probably pushed inflation up in March April 15, 2014

    Inflation in India is expected to have edged up on higher food costs in March, snapping a three-month easing trend that will give the Reserve Bank of India (RBI) less scope to support the economy amid fresh signs of slowdown. Analysts say the risk of less-than-normal monsoon rains this summer will...
  • RBI will need to keep raising policy interest rate: IMF February 22, 2014

    Mumbai: The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. "The ingrained nature of inflation and inflation expectations mean that reducing inflation even over a protracted horizon will require significant increases...
  • EPFO approves raising Provident Fund interest rate January 13, 2014

    New Delhi: Retirement fund body EPFO on Monday decided to increase the rate of interest on Provident Fund deposits to 8.75 per cent for 201314, a move that will benefit about 5 crore subscribers. "We have decided to recommend to the government 8.75 per cent rate of interest for 201314 to...
  • 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...
  • RBI likely to hike policy interest rate by 0.25 per cent on Tuesday October 28, 2013

    Reserve Bank of India (RBI) Governor Raghuram Rajan is likely to hike a key policy interest rate by at least 0.25 per cent on Tuesday, analysts said. This will be the second increase in the repurchase or repo rate in nearly oneandahalf months to curb inflation. In his first policy review announced...
  • Car sales up by 0.7 per cent in September: industry body October 8, 2013

    Car sales in India rose marginally in September, an industry body said on Tuesday, as demand during the ongoing festive season was tempered by high interest rates and fuel costs. Automakers sold 156,018 cars in India last month, up 0.7 per cent from a year earlier, data from the Society of...
  • Full text: RBI Mid-Quarter Monetary Policy Review September 20, 2013

    Reserve Bank of India Governor Raghuram Rajan announced his maiden monetary policy on Friday. The Mid-Quarter Monetary Policy Review announced by Rajan saw the RBI an increase in repo rate by .25 basis points to 7.5 per cent. Below is the full text of the September 2013 Mid-Quarter Monetary Policy Review: On...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier September 19, 2013

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per cent...
  • Rupee touching 70 per dollar cannot be ruled out: Latha Venkatesh August 22, 2013

    The Rupee has fallen to an alltime low, trading at almost 65 to a Dollar and 100 to a Pound Sterling. Is the situation getting where depreciation and inflation starts feeding off each other? CNBCTV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q. Are we...
  • RBI to announce its new monetary policy today June 17, 2013

    Mumbai: Softening headline inflation alone will no longer be enough to spur the Reserve Bank of India to cut interest rates at a time when it faces other pressing challenges such as a record low rupee and the risk of potentially destabilising capital outflows. The RBI is due to review...
  • Finance Ministry sees room for easing of rate by RBI May 14, 2013

    New Delhi: Encouraged by the declining trend in inflation, the Finance Ministry on Tuesday made a case for further rate cut by the Reserve Bank to boost sagging growth. "I think we need to look at statement made by RBI Governor during the last policy review where he had stated...
  • Difficult to cut interest rates soon: Banks May 3, 2013

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • Highlights of RBI's monetary policy 201314 May 3, 2013

    Mumbai: Sticking to its cautious stance, the Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged, disappointing the industry and stock market. The RBI in its annual monetary policy statement said there would...
  • RBI cuts repo rate by 0.25 pc, CRR unchanged May 3, 2013

    Mumbai: In a move that is likely to bring cheers to the consumers, the Reserve Bank of India (RBI) cut repo rate by 0.25 per cent on Friday for the third time since January. The cut may lead to softening of loan EMIs. Following the 25 basis points cut, the repo...
  • RBI sees 'very limited' room to ease monetary policy May 3, 2013

    Mumbai: The Reserve Bank of India (RBI) on Thursday warned of "very limited" space for further easing of monetary policy this fiscal year, striking a hawkish tone a day before it was expected to cut interest rates by 25 basis points for the third time in 2013. The central bank's...
  • 'Very limited' room for monetary easing, says RBI May 2, 2013

    Mumbai: Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India on Thursday said there is "very limited" space for that in fiscal 201314 because of multiple global and...
  • RBI likely to ease policy rate by 0.25 pc: Barclays April 28, 2013

    New Delhi: The Reserve Bank of India is likely to cut rates by 0.25 per cent in its monetary policy review on May 3, driven by falling inflation levels and recent declines in the prices of oil, gold, and the trade deficit, according to a Barclays report. "We expect the...
  • India likely to improve fiscal situation in 2013: IMF April 17, 2013

    Washington: At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate growth differential has an advantage in addressing deficit concerns in 2013, International Monetary Fund (IMF) said on Tuesday. In its latest edition of annual Fiscal Monitor report, the IMF...
  • India Inc seeks rate cut by RBI to boost economy April 12, 2013

    New Delhi: Expressing disappointment over poor industrial performance, India Inc on Friday pressed for rate cut by the Reserve Bank of India (RBI) to boost production and further revive the economic growth. Industry chamber FICCI said the RBI should intervene and cut interest rates. "The IIP data for February calls for...
  • RBI notifies new interest rates on PPF, SCSS accounts from April 1 March 28, 2013

    New Delhi: Reserve Bank on Thursday notified 0.1 per cent reduction each in interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) to be effective from the fiscal beginning April 1, 2013. The rate of interest on PPF has been lowered from 8.8 per cent to...
  • PPF, NSC rates cut by 0.1 pc, savings deposits unchanged March 25, 2013

    Mumbai: The finance ministry has lowered interest rates on Public Provident Fund (PPF), fiveyear and 10year National Savings Certificates (NSC) by 0.1 per cent each, with effect from April 1. Interest rate on PPF has been cut to 8.7 per cent from 8.6 per cent, fiveyear NSC to 8.5...
  • A pragmatic Budget given the tough economic realities: Meera Sanyal on Budget 2013 March 1, 2013

    Is the Income Tax surcharge on the super-rich the right way? Meera Sanyal, Country Executive India, Royal Bank of Scotland Group (RBS Group), joined IBNLive readers for an interaction on the issue. Q. Can the FM not order RBI to reduce borrowing costs and damn inflation? Asked by: sri ...