New Delhi: Ahead of the Central bank's bi-monthly monetary policy review, Finance Minister Arun Jaitley will today urge RBI Governor Raghuram Rajan to cut interest rate.In order to boost the economy, particularly when the inflation
New Delhi: The services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, an HSBC survey said. The HSBC/Markit Purchasing Managers Index for the
Mumbai: The rupee today fell to its lowest level in five weeks but recouped most of the losses to end almost flat at 62.41 against dollar ahead of European Central Bank's interest rate decision and
Mumbai: Reserve Bank Governor Raghuram Rajan on Monday hinted at increasing the key rate at the second quarter monetary policy review tomorrow, citing urgency to anchor inflationary expectations."With the normalisation of exceptional monetary measures under
Mumbai: With inflation expected to remain at an elevated level on account of pass through of rupee depreciation and supply side bottlenecks, the Reserve Bank is likely to maintain status quo in its upcoming monetary
Mumbai, Mar 24 : Borrowers troubled by elevated interest rates will have to wait for a bit longer for relief as bankers have virtually ruled out any immediate cut in the lending rates, citing high
Mumbai, Jan 29: An Interest rate cut is widely expected in the Reserve Bank of India (RBI)'s third quarter review of credit and monetary policy for the financial year 2012-13 on Tuesday after the government
Mumbai, June 16: Amidst expectations of interest rate cut by the Reserve Bank on Monday, Finance Minister Pranab Mukherjee today expressed confidence that the central bank would “adjust the monetary policy” to address the challenges
Chennai, May 29: Admitting that liquidity conditions were tight, State Bank of India Chairman Pratip Chaudhuri today made a case for reduction of the Cash Reserve Ratio (CRR) by the Reserve Bank to bring down
New Delhi, Mar 26: The government today raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5 per cent, making them more attractive
New Delhi, Mar 18: The government is expecting lower interest rates in the coming months as it looks at policy reversal by the Reserve Bank in the wake of moderation in inflation.“... the fact that
New Delhi, Nov 11: In a bonanza to millions of small savers, the government today increased interest rates on deposit schemes offered by post offices, like savings account, Monthly Income Scheme and Public Provident Fund.
Chandigarh, Sep 9: Country's largest lender State Bank of India (SBI) has said that lending rates would continue to stay upward in the wake of spiraling inflation.“Interest rates are likely to remain high because inflation
Bangalore, Sept 7: Canara Bank today said it has revised interest rates on domestic-term deposits with effect from tomorrow.The revised interest rate for maturity slab of 180 days to less than one year is 8.10
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