New Delhi: Within days of presentation of the Budget, the Reserve Bank today surprised markets by reducing the benchmark interest rate by 0.25 per cent to 7.5 per cent on the back of softening inflation
New Delhi: In a surprise move, the Reserve Bank of India (RBI) today slashed the repo rate by 25 bps to 7.75 per cent with a view to boost growth.Read full statement of Raghuram G
New Delhi: EMIs for housing and car loans are likely to remain unchanged after the Reserve Bank today maintained the status quo on the key policy rate (repo), as was widely expected, and said there
New Delhi: Reeling under the double whammy of a slowing economy and the high cost of credit, India Inc wants the Reserve Bank to cut the key interest rate in its upcoming monetary policy. Industry's demand
Mumbai: Bankers today ruled out a reduction in interest rates even as the Reserve Bank kept key policy rates on hold.Bank of India Chairperson V R Iyer said there was no room for cutting lending
Mumbai: The rupee surrendered initial gains and fell for the second day, losing eight paise to 62.09 against the dollar today as concerns about the US Federal Reserve tapering its stimulus programme outweighed the RBI's
New Delhi: With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 percent Wednesday, the third straight increase under Governor Raghuram Rajan as part
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
New Delhi: Costlier vegetables and fruits, such as onions and tomatoes, drove retail inflation to 10.09 per cent in October, entering double digits after seven months.Inflation as measured by the consumer price index (CPI) was
New Delhi: Days after RBI hiked short-term lending (repo) rate by 0.25 percent, State Bank of India (SBI) on Thursday raised fixed deposit rate by 0.2 percent on select maturity.With the revision, term deposit between
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
London: Praising the new RBI Governor Raghuram Rajan for “not falling to populism”, leading NRI industrialist Lord Swraj Paul today supported the decision to raise a key interest rate which had disappointed the Indian industry.“I
Bhubaneswar, Jan 22: Pitching for a cut in interest rates and cash reserve ratio by the Reserve Bank of India, State Bank of India Chairman Pratip Chaudhuri has said the move will boost investment and
Mumbai, Apr 17: The country's largest lender State Bank of India (SBI) today said it will “do a comprehensive cut” in lending rates on various loans following the Reserve Bank's 0.5 per cent reduction in
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