New Delhi: In a double whammy for the government, retail inflation soared to a nine-month high of 11.24 per cent and factory output shrank 1.8 per cent, developments that may prompt the Reserve Bank to
New Delhi: With high inflation being blamed for the defeat of the Congress in assembly elections, the government today said containing spiralling prices was among the top priorities on its agenda, while the Reserve Bank
Mumbai: HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing business in the country.
Mumbai: Yield on the 10-year government bond is likely to soften below 9 percent on hope that Reserve Bank will conduct more open market operations to improve the liquidity condition, say bankers.Last week, RBI Governor
New Delhi: Reserve Bank Governor Raghuram Rajan today said no single data point will determine the central bank's next move on curtailing high inflation amidst a weak economy, even as he hoped that a good
Mumbai: The rupee appreciated another 19 paise to 63.11 against the dollar today as local stocks made a strong recovery and exporters sold the US currency.The rupee, which rose to a high of 62.95, gained
Mumbai: Seeking to reassure investors, RBI Governor Raghuram Rajan Wednesday said there is no fundamental reason for rupee to fall again, and pegged the current account deficit for 2013-14 at USD 56 billion, much lower
Mumbai: The Reserve Bank today said it has received USD 15.2 billion so far from the special swap windows opened to attract FCNR-B deposits as well the special ECB window facility for banks.“As of November
Mumbai: Reserve Bank Governor Raghuram Rajan on Wednesday said India now is in a better position to face the US Federal Reserve's unwinding of its easy money policy whenever it takes place."We are in a
New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan has 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
Mumbai: Shares succumbed to heavy selling as investors turned cautious and booked profits in rate sensitive counters ahead of the RBI monetary policy, dragging the benchmark index Nifty down by 44 points on the National
Mumbai: Falling for the fifth straight session, the BSE benchmark Sensex on Monday closed 113 points down at a nearly two-week low as investors remained cautious ahead of the RBI second quarter monetary policy review.FMCG,
New Delhi: Planning Commission Thursday said it has not scrapped Raghuram Rajan Committee report and it will be placed before the country's apex Planning body National Development Council headed by the Prime Minister for consideration.The
Mumbai: RBI Governor Raghuram Rajan on Saturday said the new real time gross settlement (RTGS) system for fund transfers will improve the efficiency of the country's financial markets.“With its advanced liquidity and queue management features,
New Delhi: Planning Commission will soon take a view on the controversial report of the Raghuram Rajan panel, which made a case for ending the special category status for poorer states, Deputy Chairman Montek Singh
Mumbai: The Reserve Bank today further relaxed foreign borrowing norms for banks under the recently opened swap window by allowing them to raise funds through their head offices and correspondents besides overseas branches.Until now, the
Reserve Bank of India Governor Raghuram Rajan, on Tuesday, said the government's target of reducing the current account deficit (CAD) to $70 billion or 3.7 per cent of the gross domestic product (GDP) in 2013-14
New Delhi: Finance Minister P Chidambaram will leave for the US tomorrow to attend the annual meeting of the IMF and the World Bank, during which world leaders will deliberate on prevailing uncertainty in global
Raipur: The Reserve Bank today said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.“We have no reason to dispute
New Delhi: Ahead of the festival season, public sector banks will provide cheaper loans for auto and consumer goods purchases with a view to stimulating demand. Banks would lower lending rates as the government today
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