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. ...
11:16 AM, Mar 17, 2013
Foreign brokerage HSBC on Wednesday said the Reserve Bank will cut the policy rate by 0.25 per cent on Tuesday as the central bank is likely to boost growth amid some comfort on the inflation outlook front. The central bank may further reduce repo rate by 25 bps on Tuesday and make another equal cut in the second quarter of 2013, taking the policy rate to 7.25 per cent from...
11:38 PM, Mar 13, 2013
Tuesday: The Reserve Bank of India is set to announce the credit policy on Tuesday. There is almost a war cry out for a rate cut. A CNBC-TV 18 poll indicated that 80 per cent of the respondents see a CRR cut. Of this, 20 per cent see a 50 bps cut. On the repo, the market is divided with 50 per cent expecting a repo rate cut. A day...
08:31 AM, Oct 30, 2012
Mumbai: The Reserve Bank of India (RBI) in its mid-quarter 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 its credit policy. Following are the highlights of the mid-quarter monetary policy review announced by the RBI on...
12:23 PM, Sep 17, 2012
The Reserve Bank of India (RBI) in its mid-quarter 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 its credit policy. Below is the full text of its review report. Monetary and Liquidity Measures On the basis...
11:24 AM, Sep 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 CNBC-TV18. Eighty per cent of the market expects RBI to leave policy rates unchanged and only 20 per cent expect a cut in repo rate. However, analysts believe...
06:29 AM, Sep 17, 2012
Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take call on the interest rate regime on September 17 at mid-quarter review, and it is expected that Governor D...
10:53 PM, Sep 05, 2012
Mumbai: The Reserve Bank of India (RBI) is expected to leave interest rates unchanged on Tuesday, seeing high inflation as a bigger danger than the slowest growth in almost a decade and keeping pressure on the government to revive the economy's fortunes. Weaker-than-normal monsoon rains add to expectations that the RBI will keep its repo rate on hold at 8.00 per cent. High food prices resulting from poor rains may...
10:01 AM, Jul 31, 2012
Mumbai: Painting a gloomy picture of the economy, the Reserve Bank of India on Monday indicated that it may not be possible to cut policy rates to boost growth in view of high inflation which could be aggravated by deficiency in monsoon. The RBI in its macroeconomic review, released on the eve of the quarterly monetary policy, asked the government to provide investment stimulus and take aggressive measures to contain...
09:18 PM, Jul 30, 2012
New Delhi: India's headline inflation slowed to its lowest level in five months in June, helped by slower increases in fuel prices, adding to pressure on the RBI from business leaders to cut interest rates to help revive the lacklustre economy. The wholesale price index (WPI) rose an annual 7.25 per cent in June, lower than the 7.62 per cent rise estimated by analysts. Wholesale prices provisionally rose 7.55 per...
02:06 PM, Jul 16, 2012
Mumbai: The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday. Subir Gokarn was speaking to television channel CNBC-TV18 on the sidelines of a investor conference in Mumbai. The 10-year benchmark bond yield fell to its lowest level in two-and-half months at 8.31 per cent in early trade on expectations of...
02:19 PM, Jun 04, 2012
New Delhi: Real estate developers on Thursday expressed disappointment over the RBI's decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. "We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The Government and the RBI should understand the need of the hour and reduce cost of funds," Confederation of Real Estate...
12:29 PM, Mar 15, 2012
Patna: The Reserve Bank of India (RBI) on Friday said interest rates have peaked and indicated that it would reduce them after taking into account the Budget proposals and global commodity prices. "The inflation and interest rate cycles have peaked and have to come down and for that the RBI will look at events like the budget (2012-13), international crude oil prices and other variable factors to calibrate its policies,"...
09:28 PM, Feb 17, 2012
Mumbai: Indicating that it may not tweak interest rates in Tuesday's policy review, the Reserve Bank of India (RBI) on Monday said it will try to strike a balance between the need for promoting growth and containing inflationary expectations. The RBI said that GDP growth during the current fiscal is likely to fall below its earlier projection of 7.6 per cent, while inflation, which is still a cause for concern,...
07:09 PM, Jan 23, 2012
Jaipur: Ahead of second quarter review of monetary policy on October 25, RBI indicated that it may not lower the key interest rates as inflation is still high. "...We need to bring inflation down in order to bring interest rates down," RBI Governor D Subbarao said here. He further said that the central bank is conscious of the need to bring down interest rates to boost economy, but it might...
10:28 PM, Oct 12, 2011
New Delhi: With inflation hovering much above the comfort zone, the Reserve Bank may raise key policy rates by 25 basis points in its first mid-quarterly review of the credit policy for FY'12 on Thursday. "I think the RBI would take one more small step to curb inflationary expectations. Market is expecting a 25 basis points increase," Indian Overseas Bank Chairman and Managing Director M Narendra said. One thing is...
03:38 PM, Jun 15, 2011
