Inflation
More steps in offing to boost growth, says Chidambaram
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
CRR cut a welcome step in right direction, says Montek
Lauding the RBI's decision to cut Cash Reserve Ratio (CRR), Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said it would have a positive impact on the system and boost confidence
StanChart discounts reforms, lowers GDP forecast to 5.4%
Despite the rash of reform steps announced over the weekend, Standard Chartered India on Monday sharply lowered its GDP growth forecast to 5.4 per cent for FY'13 from 6.2 per cent earlier, citing sl
Sensex up for 9th day, gains 78 points to touch fresh 14-month high
Rising for ninth straight day, the Sensex on Monday gained 78 points climbing a fresh 14-month high on buying in capital goods, banks and power shares with RBI cutting cash reserve ratio by 0.25 pe
Analysts says CRR cut indicates RBI's concern on growth
Analysts and economists have welcomed the RBI decision to keep the rates unchanged in view of the sticky inflation and increase the liquidity with a marginal CRR cut, saying an interest reduction is a
RBI to keep rates steady as inflation jumps: Reuters Poll
The government may have swallowed a bitter pill and raised diesel prices despite resistance from allies and the opposition, but Friday's high inflation figure means the central bank is unlikely to be
August inflation jumps to 7.55%
India's wholesale price index (WPI) rose a higher-than-expected 7.55 per cent in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, government data showed on Fri
Sensex zooms 443 points to new 7-mth high on diesel hike
Rising for the eight straight day, the Sensex on Friday vaulted 443 points to close at 18,464.27, a fresh 7-month high, after investors cheered the government's decision to hike diesel prices and US Federal Reserve approved a new stimulus plan.
Inflation likely nudged up to 6.95% in August
India's rate of inflation probably picked up in August from July's near three-year low as poor summer rains drove up food prices, a Reuters poll showed, giving the central bank even less room to cut p
Liquidity position is comfortable, RBI says ahead of policy review
Reserve Bank on Monday said the liquidity situation currently is comfortable and indicated that monetary policy action in the forthcoming mid-quarterly review next week would depend on latest developm
