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New onion crop arrival brings down prices to Rs 60-70 a kilo


New Delhi: With the arrival of new crop in the wholesale market, Onion prices on Monday fell by Rs 10 per kg to Rs 60-70 per kg in retail markets in the national capital.
In the coming weeks prices a

Rupee falls 46 paise to 62.23 vs USD after RBI raises key rate


Mumbai: The rupee fell 46 paise to close at 62.23 against the dollar on Friday, in line with a sharp decline in local stocks, after a surprise hike in a key lending rate by the RBI.
Governor Raghuram

RBI is anti-inflation, asserts Raghuram Rajan

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Mumbai: Asserting that Reserve Bank is ‘anti-inflation’, new Governor Raghuram Rajan on Friday said partial easing of its recent liquidity tightening measures coupled with repo rate hike is supportiv

Costlier onion pushes inflation to 6-month high of 6.1% in Aug


New Delhi: High prices of onion and other kitchen items drove the headline inflation to six-month high of 6.1 per cent in August, limiting options for a rate cut by the new RBI Governor Raghuram Raja

Rupee falls 12 paise to 63.50, snaps 5-day rally; Sensex drops 216 points

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Mumbai: The rupee surrendered initial gains on Thursday and fell for the first time in six days, dropping 12 paise to close at 63.50 against the dollar on fresh demand for the US currency from

Govt will take hard decisions to curb inessential imports: FM


New Delhi: Union Finance Minister P Chidambaram on Saturday said 'hard decisions' would be taken in the next few days and weeks to trim wasteful expenditure and curb import of 'inessential' items.

Onion prices may ease soon as South India crop hits market

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Onion prices, which continue to rule at an unaffordable level of Rs 60-70 per kg, are expected to cool down in the coming days as new crop from south India has started hitting the market, the government said on Tuesday.

Weak rupee is good, cash on it


Why we are in panic? Weakened rupee is an opportunity. I wonder why our finance minister P. Chidambaram is battling to stem the collapse of the Indian rupee from 55 to a dollar a month ago to 67 this

Subbarao blames Centre for crisis


Mumbai: RBI governor Dr D. Subbarao on Thursday defended his monetary policy actions on inflation, growth and the rupee and said that to blame his policies would be “inaccurate, unfair, and important

To say RBI is obsessed with inflation in inaccurate: Subbarao


New Delhi: Days before he steps down as Governor of RBI, a candid D Subbarao today characterised as "inaccurate and unfair" the contention that the central bank was "obsessed with inflation, obliviou

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.