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: 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: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank. “The Reserve Bank of India has appealed to members of
Mumbai: Raghuram Rajan today took over as the new Governor of the Reserve Bank of India (RBI). Rajan, 50, an economics professor who also served as chief economist at the International Monetary Fund, took charge
Mumbai, Jun 25: The rupee slumped to fresh record low of 57.92 after RBI measures to stem the currency slide failed to enthuse investors but it managed to recover some ground and closed 14 paise
Dehradun, Jun 21: The Reserve Bank today made an appeal to the people to beware of any fictitious offers promising money to them.In the appeal circulated through the Uttarakhand government's directorate of information and public
Mumbai, June 1 : The Reserve Bank cannot arrest the rupee's decline if it is caused by weak fundamentals or global factors but can only take more calibrated steps in the forex market in such
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
Mumbai, May 21 : As rupee breached the 55 level to its all-time low, the Reserve Bank today imposed restrictions of USD 100 million on “position limit” for forward contracts by banks.“The position limit for
New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when
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
Mumbai, Apr 17: Providing relief to home loan borrowers, the Reserve Bank today asked banks not to levy any penalty on pre-payment of loans taken on floating rate.“Though many banks have, in the recent past,
Mumbai, Apr 17: Home, auto and corporate loans are likely to become cheaper as the Reserve Bank today slashed the short term lending rate sharply by 0.50 per cent to 8 per cent, signalling banks
Mumbai, Mar 15: The Reserve Bank today kept key policy rate unchanged and said future policy action would be determined by the movement in inflation.“On the basis of the current macroeconomic assessment, it has been
Mumbai, Jan 23: Indicating that it may not tweak interest rates in tomorrow's policy review, the Reserve Bank today said it will try to strike a balance between the need for promoting growth and containing
Mumbai, Dec 27: The Reserve Bank will shortly issue Rs 500 notes which will have the rupee symbol.The Rs 500 notes will be of the Mahatma Gandhi-2005 Series bearing the signature of Reserve Bank of
Mumbai, Dec 16 : Concerned over economic slowdown, the Reserve Bank today kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a
Mumbai, Dec 15: The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations by imposing restrictions with immediate effect on forward trading in the local currency by FIIs
New Delhi, Dec 14: Cheaper onion and potato pulled inflation down to 9.11 per cent in November, but the Reserve Bank has a tough task ahead of controlling prices without hiking rates as industrial ouput
Mumbai, Sep 16 : Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.
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