Mumbai: Nudged by RBI, country's biggest bank SBI today cut base lending rate by 0.15 percentage point to 9.85 per cent, becoming the first major lender to ease the rate in many months.The new rate
Mumbai: Reserve Bank Governor Raghuram Rajan today kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts.The
Mumbai: The Reserve Bank of India (RBI) will today announce its first bi-monthly monetary policy review of the current fiscal.India Inc has pitched for rate cut to boost economic activities, but the central bank may
Mumbai: RBI Governor Raghuram Rajan's decision to cut rates last week took many top officials by surprise. The contrast between conservative top ranks and Rajan's position could become more conspicuous as the bank is preparing
New Delhi: The ongoing slowdown in inflation momentum has given room for the Reserve Bank to adopt a more accommodative monetary policy and cut policy rates by 50 basis points in the first half of
New Delhi: India has urged the Group of 20 nations (G20) to put in place an effective mechanism to deal with negative spillovers of unconventional monetary policies pursued by advanced economies, the finance ministry said
New Delhi: Notwithstanding the marginal rise in December inflation, India Inc on Wednesday said low oil prices and measures undertaken by the government are likely to keep inflation under check, even as it reiterated the
New Delhi: In a scathing criticism of the RBI, covering the tenure of previous two governors, the mid-year economic analysis today said that monetary policy lost its credibility between 2007 and 2013.“For a long time,
New Delhi: Attributing the fall in inflation to initiatives taken by the government, Finance Minister Arun Jaitley exuded confidence that the country is on the way to achieve a low and stable price regime."It is
Mumbai: Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for
Mumbai: The southwest monsoon, which hit the mainland a bit late today is a “crucial variable” for monetary policy, British brokerage Barclays said today and projected retail inflation would be below 8 per cent if
New Delhi: The Reserve Bank of India's (RBI) monetary policy review on Tuesday will dictate the trend on the bourses this week, experts said. Besides, automobile stocks will be in focus as companies from this sector
Mumbai: The benchmark Sensex today failed to hold to to early gains and ended 17 points lower due to losses in banking and consumer durable shares, logging its worst weekly drop since January.Profit-booking ahead of
Washington: Calibrated and clearly communicated monetary policies will build trust and improve business sentiments globally by leaving little room for speculations, economic affairs secretary Arvind Mayaram said on Saturday.“We believe monetary policy cooperation is extremely
Mumbai: National carrier Air India plans to raise up to $840 million by way of sale of its seven Boeing 787-8 Dreamliner planes, which it will then lease back, to pay off the bridge loans
Mumbai: Finance Minister P Chidambaram today pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators. "It (RBI) is the
Mumbai: Japanese brokerage Nomura today said the Reserve Bank committee on monetary policy framework may declare ensuring price stability as the prime objective of the central banks' policy.“We expect the committee to recommend a move
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
WASHINGTON: The IMF today warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil.“Failure to lift the
New Delhi: When Raghuram Rajan moved to Mint Street in Mumbai earlier this month, expectations were high that he would ease the monetary policy to support growth.Contrary to expectations, Rajan hiked the key policy interest
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