New Delhi: Reeling under slowdown, India Inc. today hailed the Reserve Bank of India’s move to reduce repo rate and CRR by a quarter per cent, saying it will spur growth and ease the prevailing tight

Showing concerns over hardening inflation, the Reserve Bank on Tuesday left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to infuse additional liquidity that will inj

Taking a cautious stance, the Reserve Bank on Monday cut CRR by 0.25 per cent - the percentage of deposits banks keep with central bank - but refrained from reducing lending rates in view high inflation.

The government will take more policy steps in the next one-and-half months to revive growth, finance minister P. Chidambaram said while appreciating the RBI’s initiative to unlock Rs 17,000 crore of banking funds through reduction in CRR by 0.25 per cent.

The Reserve Bank of India (RBI) Governor Duvvuri Subbarao has a penchant for springing surprises.

He often opts for the unexpected when it comes to monetary policy reviews, recently disappointing tho

A top RBI official on Monday snubbed SBI chairman Pratip K. Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find 'some other place' if he co