RATE CUT

  • 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 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 41month low in April...
  • RBI to take note of lower inflation: Duvvuri Subbarao May 15, 2013

    Frankfurt: The Reserve Bank of India will take note of falling inflation when discussing potential interest rate cuts, the central bank's Governor Duvvuri Subbarao said on Tuesday, adding he was very happy about the falling inflation. Asked about potential interest rate cuts in light of falling inflation, Subbarao said they would...
  • 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...
  • '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...
  • Falling commodities give RBI room to cut rates: Analysts May 1, 2013

    Mumbai: Ahead of the annual monetary policy announcement on Friday, analysts are calling for lower interest rates. "Based on a relatively more benign outlook for inflation and the current account deficit following the recent moderation in commodity prices, as well as the continuing sluggishness in investment activity and domestic consumption...
  • 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...
  • Low March inflation will spur rate cuts, say analysts April 15, 2013

    Mumbai: The drop in headline inflation to a 40month low of 5.96 per cent for March has increased the possibility of a rate cut by the Reserve Bank at its May 3 annual policy, analysts and rating agencies said on Monday. India Ratings said the cooling off in both core...
  • 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...
  • HSBC, Morgan Stanley cut India's FY14 GDP forecasts March 13, 2013

    New Delhi: Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 per cent from 6.2 per cent to reflect lower-than-expected growth in the October-December quarter. HSBC says it expects 50 basis points of additional rate cuts in the calendar year 2013, and "a slightly more...
  • RBI is doing too much too soon: Latha Venkatesh January 31, 2013

    CNBCTV18's Banking Editor Latha Venkatesh joined IBNLive readers for an interaction on RBI's recent credit policy changes. Q. Despite whatever the RBI is trying to do, the economy doesn't seem to show signs of revival? Far too dependent on the West are we? Asked by: Narayan A....
  • SBI cuts base rate by 5 basis points January 30, 2013

    Mumbai: State Bank of India, the country's top lender, has cut its key lending rate, or base rate, by 5 basis points, R Venkatachalam, deputy managing director at the bank, said. The base rate now stands at 9.7 per cent. The new base rate will be effective from February 4, the...
  • Long wait for rate cut seen ending as RBI reviews policy January 29, 2013

    Mumbai: The Reserve Bank of India is widely expected make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation. A Reuters poll earlier this...
  • 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 nearterm risks to a bloating fiscal...
  • RBI's Subbarao says inflation still high: Report January 16, 2013

    Bangalore: India's inflation has come off a peak but is still high, Bloomberg quoted the Reserve Bank of India Governor D Subbarao as saying, a comment that is likely to cool expectations for a rate cut later this month. "When growth is slowing down you can stimulate the economy either...
  • December inflation seen up slightly January 14, 2013

    Mumbai: India's headline inflation is likely to have risen in December by less than the central bank projected, and should reinforce hopes for a cut in interest rates in January to boost an economy that is set to post its slowest growth in a decade. Data to be released later...
  • RBI to defy rate cut despite easing inflation December 18, 2012

    Mumbai: The Reserve Bank of India is expected to keep interest rates on hold on Tuesday despite government pressure for a cut, sticking to its guidance that it will not ease monetary policy before early next year as cooling inflation is still too high for comfort. The RBI has kept...
  • Inflation is still a concern: RBI governor Subbarao October 30, 2012

    The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the JanuaryMarch quarter, although inflation remains a nearterm concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent. As inflation eases further,...
  • 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? CNBCTV18's banking editor Lata Venketesh tells us what to expect. ...
  • Govt's deficit cut plan adds to pressure for RBI rate cut October 30, 2012

    New Delhi/Mumbai: The government vowed on Monday to rein in the country's hefty fiscal deficit, increasing the pressure on the RBI on the eve of its next policy meeting to cut interest rates for the first time since April. Finance Minister P Chidambaram pledged to nearly halve its fiscal deficit by...
  • RBI may go in for rate cut to boost sagging growth October 29, 2012

    Mumbai: Notwithstanding inflation concerns, the Reserve Bank of India (RBI) may go in for a rate cut on Tuesday to promote growth, which according to a central banksponsored survey could slip to 5.7 per cent in the current fiscal. "Monetary policy needs to be cautious in the interim, focusing on inflation...
  • RBI monetary policy review: The highlights September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) in its midquarter 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...
  • RBI's credit policy today, rate cuts unlikely September 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 CNBCTV18. Eighty per cent of the market expects...
  • PNB lowers home, car loans interest rates September 3, 2012

    New Delhi: Stateowned Punjab National Bank (PNB) on Monday slashed interest rates on home loan and car loans by up to 0.5 per cent. In the housing loan segment, rate has been reduced by 0.25 per cent while interest rate on car loans has been slashed by 0.5 per cent...
  • India Inc calls for measures to boost investment August 9, 2012

    New Delhi: Expressing serious concerns over contraction in industrial production, industry on Thursday called for immediate policy measures to boost investments in the country. "The June IIP numbers are disappointing and are a cause for serious concern. Any further decline in GDP growth will have a deleterious effect on employment and...
  • RBI chief sees scope to cut interest rates in 2012 August 1, 2012

    Mumbai: The Reserve Bank of India has scope to cut interest rates during this calendar year, Governor Duvvuri Subbarao said in a news conference after the central bank's policy review, though he declined to elaborate further. Subbarao said fiscal measures from the government would not necessarily prompt the central bank to...
  • RBI keeps interest rates, CRR unchanged July 31, 2012

    New Delhi: The Reserve Bank of India (RBI) in its AprilJune quarter monetary policy on Tuesday left the key policy rates unchanged. However, it has cut the statutory liquidity ratio (SLR) to 23 per cent from 24 per cent earlier. This policy action was by and large inline with...
  • RBI warns on growth, inflation, ahead of policy July 31, 2012

    Mumbai: The Reserve Bank of India painted a gloomy picture of the country's economy on Monday, citing both a sluggish growth outlook and persistent inflation, a day before it is expected to hold interest rates steady for the second time in two months. The RBI also maintained pressure on the deficitstrapped...
  • Inflation eases; monsoon holds key to rate cut July 17, 2012

    New Delhi: India's headline inflation slowed to its lowest level in five months in June helped by a moderation in fuel prices, adding to pressure from business leaders for a cut both in interest rates and fuel subsidies to help revive the lacklustre economy. The wholesale price index (WPI) rose a...