The Reserve Bank of India's (RBI) move on Tuesday to cut key rates for the first time in three years by a sharp 50 basis points will provide the much needed respite to consumers as top banks said inte

Reserve Bank Governor D. Subbarao has said that rising fiscal deficit and short-term debt levels are 'quite disturbing' but the nation is not facing a repeat of a 1991 balance of payment crisis.

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India's deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, Reserve Bank of India chief Duvvuri Subbarao said on Saturday.

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The Reserve Bank of India (RBI) may gradually relax curbs on intra-day trading limits in foreign exchange with an aim to facilitate ‘genuine’ hedging requirements.

In December last year, the RBI had

Country's largest lender State Bank of India (SBI) on Saturday said it will consider reducing lending rates after the announcement of the Reserve Bank's annual credit policy on April 17.

"Of course,

Online scamsters, who earlier used the names of top companies or foreign banks, have now started sending out fake mails, supposedly from the Reserve Bank of India, claiming that the receiver has won 5

The government is likely to raise taxes on a number of manufactured items and expand the tax net in its budget to rein in its deficit and give space for the Reserve Bank of India (RBI) to cut interest

Amid demand for softening of monetary policy to promote growth, the Plan panel on Friday said any move by Reserve Bank to lower interest rate will mainly depend on the government's ability to contain

India's economic growth in 2012-13 is likely to be higher than that of this fiscal as Reserve Bank Of India (RBI) might resort to interest rate cut ‘at some point in time’, the central bank's Governor

The Reserve Bank will shortly issue banknotes of Rs 1,000 denomination with inset letter 'R' in the Mahatma Gandhi series.

"The RBI will shortly issue Rs 1,000 denomination banknotes with inset lette