Interest Rates

  • 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 bi-monthly monetary policy, 2014-15, 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 February 11, 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 2013-14, 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 2013-14 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 Mid-Quarter 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 one-and-a-half 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 all-time 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? CNBC-TV18'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 2013-14 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 2013-14 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 26, 2013

    Mumbai: The finance ministry has lowered interest rates on Public Provident Fund (PPF), five-year and 10-year 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, five-year 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 ...
  • CNN-IBN gives list of suggestions by citizens for Budget to FM February 27, 2013

    New Delhi: A day ahead of the Union Budget 2013, speculations are that Finance Minister P Chidambaram is likely to present a political budget ahead of the polls. But the question is whether it will reduce taxes for the aam aadmi. CNN-IBN's 'Axe the Tax' campaign reached Chidambaram listing five...
  • What fixed income investors should look for January 23, 2013

    Shobhit Mehrotra Profile: Senior fund manager and head of credit, HDFC Mutual Fund Known For: He manages the HDFC Income fund with assets worth Rs 1,200 crore. According to Morningstar India, over the last year the fund has returned 10.40 per cent against the category average of 9.73 per cent. Over the last...
  • Tata Motors is the best performer stock of 2012 December 29, 2012

    New Delhi: New Tata Motors Ltd is the best performer among Sensex stocks in 2012, helped by hopes for a turnaround in the performance of luxury unit Jaguar Land Rover. Infosys Ltd earns the worst performer status among blue chips, given the persistent concerns about global demand for software services....
  • 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...
  • RBI to hold rates today, cut 50 bps in Jan-March December 18, 2012

    Mumbai: The Reserve Bank of India (RBI) is expected to keep interest rates unchanged on Tuesday, according to a Reuters poll, with respondents split over whether it will cut the cash reserve ratio (CRR) for banks. The RBI has left rates on hold since a 50 basis point cut in April,...
  • RBI credit policy: 'Big rate cut unlikely' October 30, 2012

    All eyes are on the Reserve Bank of India on Tuesday as it reviews its credit policy. It is up against stubborn inflation. Will we see a cut in interest rates? CNBC-TV18's banking editor Lata Venketesh tells us what to expect. ...
  • High interest rates hurt everyone, says Chidambaram October 14, 2012

    Tokyo: The Reserve Bank and the government must work in tandem to bring down interest rates, Finance Minister P Chidambaram said, while emphasising that high rates hurt everyone. "Fiscal policy and monetary policy should work in tandem to stabilise the exchange rate as well to bring down interest rates," he...