Moody's says India rating stable despite challenges
Moody's Investors Service on Monday said it was maintaining a stable outlook on India's Baa3 rating as problems such as slower growth and higher inflation were long-standing and already factored into
Rupee measures fail to cheer market
India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low on Friday.
The R
India Inc disappointed with RBI for not cutting rates
Expressing disappointment over RBI's decision of leaving interest rates unchanged, India Inc on Monday said there is an urgent need for rate cut to boost industrial growth and take economy to a high
RBI likely to cut rates despite high inflation
The Reserve Bank of India (RBI) is expected to cut interest rates on Monday in a bid to breathe fresh life into a sputtering economy even as inflation remains uncomfortably high.
After cutting its po
Reserve Bank keeps key interest rate on hold
Reserve Bank of India has kept its key interest rate unchanged on Monday, despite facing pressure for a cut to spur borrowing and investment in the face of a worrying economic slowdown.
The RBI, Indi
Sensex falls 200 points after RBI keeps interest rates unchanged
The BSE benchmark Sensex tumbled by over 200 points in late morning trade on Monday as RBI's decision to keep all key interest rates unchanged pulled interest sensitive stocks down.
The 30-share b
RBI enhances export credit refinance limit; injects Rs 30K crore
The Reserve Bank on Monday decided to enhance the Export Credit Refinance (ECR) limit to 50 per cent of the outstanding rupee export credit for banks, from 15 per cent, a move that will inject Rs 3
Inflation weighed on RBI's monetary policy decision: Pranab
Finance Minister Pranab Mukherjee on Monday said inflation weighed on the mind of the Reserve Bank, which kept the key interest rates unchanged in its monetary policy review.
Mukherjee said it wa
Retail inflation inches up to 10.36 per cent in May
Retail inflation moved up marginally to 10.36 per cent in May on account of increase in prices of vegetables, edible oils and milk.
Rupee fails to maintain initial gains, down 16 paise vs dollar
The rupee failed to maintain initial gains against the US dollar and was down 16 paise at 55.56 in the late morning trade on fresh demand for the American currency from banks.
The rupee resumed h