Interest Rates

  • Higher food costs probably pushed inflation up in March 15-04-2014 10:43 AM

    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...
  • RBI will need to keep raising policy interest rate: IMF 22-02-2014 09:41 AM

    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...
  • EPFO approves raising Provident Fund interest rate 13-01-2014 12:34 PM

    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...
  • RBI keeps key rates unchanged 18-12-2013 11:13 AM

    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 28-10-2013 03:47 PM

    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...
  • Car sales up by 0.7 per cent in September: industry body 08-10-2013 12:27 PM

    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...
  • Full text: RBI Mid-Quarter Monetary Policy Review 20-09-2013 11:06 AM

    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...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    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...
  • Rupee touching 70 per dollar cannot be ruled out: Latha Venkatesh 22-08-2013 04:44 PM

    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...
  • RBI to announce its new monetary policy today 17-06-2013 09:01 AM

    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 14-05-2013 03:41 PM

    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 03-05-2013 03:03 PM

    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 03-05-2013 12:38 PM

    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...
  • RBI cuts repo rate by 0.25 pc, CRR unchanged 03-05-2013 11:21 AM

    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...
  • RBI sees 'very limited' room to ease monetary policy 03-05-2013 08:25 AM

    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 02-05-2013 11:10 PM

    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 28-04-2013 11:45 AM

    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 17-04-2013 01:50 AM

    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 12-04-2013 05:32 PM

    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...
  • RBI notifies new interest rates on PPF, SCSS accounts from April 1 28-03-2013 06:51 PM

    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 25-03-2013 02:54 PM

    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 per...
  • RBI keeps CRR, repo rate unchanged 18-12-2012 11:15 AM

    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...
  • RBI to hold rates today, cut 50 bps in Jan-March 18-12-2012 12:49 AM

    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...
  • RBI credit policy: 'Big rate cut unlikely' 30-10-2012 09:30 AM

    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. ...
  • Risk of politics scoring over economy: Basu 02-01-2012 07:49 PM

    New Delhi: Chief Economic Advisor to the Indian Government Kaushik Basu, in an interview with Rajdeep Sardesai, said that there is a risk of politics scoring over economy and hoped politics does not come in the way of determining petrol prices. Excerpt of the interview: Rajdeep Sardesai :Let's go straight...
  • RBI policy hints at shifting focus to growth 16-12-2011 03:46 PM

    Mumbai: The Reserve Bank of India (RBI) is now focussing more on growth after a long spell of rate hikes to curb inflation. In its mid-quarter monetary policy announced on December 16, the banking regulator has kept its key policy rates unchanged: Cash reserve ratio (CRR) at 6 per cent,...