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RBI likely to cut rates, may ease liquidity

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The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost gr

No proof that high interest rate led to low growth: RBI

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Reserve Bank Deputy Governor K.C. Chakrabarty on Friday sought to stave off criticism that the nine-year low GDP growth was primarily due to the 20-month high interest rate regime, saying it was dri

Asian shares rise as Spanish woes stoke stimulus hopes

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Asian shares rose on Wednesday as concerns that Europe's financial strains could intensify following a warning from Spain that it was being shut out of credit markets fuelled hopes that policy makers

Rupee at 5-month low, down 47 paise against dollar in early trade

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The rupee on Wednesday fell five-month low by losing 47 paise to 54.26 against the US dollar on the Interbank Foreign Exchange market in early trade on increased capital outflows amid strong demand for the American currency.

Bankers expect rupee to be better after RBI measures

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Treasury officials see the rupee, which hit its life-time nadir last week, appreciating this week on the back of the recent measures taken by the monetary authority, and hovering in the 52.80-53.50

Inflation-wary Bank of England to halt money-printing press

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The Bank of England looks set to call a halt to its asset-buying programme on Thursday, despite the economy having slipped into recession and renewed risks rising from the eurozone debt crisis, as UK

Inventories, weak business spending curb US Q1 growth

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U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but the biggest rise in consumer spending in more than a year cushioned th

Fed stands pat but says will act if needed

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Federal Reserve chairman Ben Bernanke on Wednesday said U.S. monetary policy was 'more or less in the right place' even though the central bank would not hesitate to launch another round of bond purch

India's financial system still strong, says RBI deputy governor

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India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said on Thursday after Standard & Poor's (S&P) scaling down of t

IMF suggests reforms, inflation check to resume India's high growth

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The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India's gr

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