RBI
India’s Central Bank keeps interest rates on hold
India’s Central Bank on Friday kept interest rates on hold as expected and raised the possibility of future cuts, as the country fights an economic slowdown, a weakening rupee and high inflation.
Pranab welcomes RBI's decision to keep rates unchanged
Finance Minister Pranab Mukherjee on Friday welcomed the Reserve Bank's decision to keep policy rates unchanged and expressed the hope that inflation would moderate in the coming weeks.
"The need
RBI likely to pause hike in interest rate
Amid declining growth and moderating inflation, the Reserve Bank of India (RBI) is likely to pause hike in interest rate at the mid-quarterly review of the monetary policy on Friday.
RBI, which h
India's central bank tipped to hold rates
India's central bank is likely to keep interest rates on hold this week, analysts and economists said, as policymakers prepare to meet amid fresh signs of a slowdown in the fast-growing economy.
The
Probability of global recession low: Subbarao
The probability of a global recession is low, even though the US is growing slowly and Europe is experiencing negative growth, RBI Governor D Subbarao said on Friday
"The probability of a global r
Govt not planning to impose capital controls: Source
India is not planning to impose any capital controls to check the rupee's slide, a senior government source with direct knowledge of the matter told Reuters on Monday.
Over the weekend, Subir Gokarn,
RBI to intervene if rupee fall escalates
The Reserve Bank of India will use all available tools to stem a fall in the rupee if the currency's downward spiral escalates and will take steps to keep liquidity in the country's markets at comfort
RBI taking steps to deal with rupee fall: FinMin
The Reserve Bank of India (RBI) is taking steps to deal with the sliding value of rupee against the dollar, the Finance Ministry informed Parliament on Friday.
"Measures have been taken to augment th
India’s growth at 6.9% slowest in two years
India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubbornly high inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest economy.
RBI keeping an eye on movement of rupee: Pranab
With the rupee depreciating to a new 32-month low against the US dollar, Finance Minister Pranab Mukherjee on Saturday said the Reserve Bank is 'keeping an eye' on the situation.
"The RBI is keep
