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Food prices to remain high: RBI

Guwahati: Food prices will remain high even as average inflation is expected to moderate to around 5.5 per cent this fiscal, a senior official of RBI said on Thursday.
“We see food prices continue to

Inflation to be about 5.5% in FY’14: RBI

The Reserve Bank today said it expects inflation to be range-bound around 5.5 per cent during the current fiscal year.

Banks erred in stash case: RBI


Mumbai: An RBI audit report has found certain “aberrations“ at ICICI Bank, HDFC Bank and Axis Bank, which were accused of moneylaundering by an online portal, but no risk of systemic failure was disc

Inflation at 3-yr low; RBI may cut rates


New Delhi: Inflation fell to a three-year low in March at 5.96 per cent raising hopes of an interest rate cut by the Reserve Bank of India.
According to analysts, core inflation, which is mainly trac

Loans won’t be cheaper

Mumbai: The quarter per cent reduction in repo rate by the RBI on Tuesday is not likely to bring down interest rates on home loans, personal loans or car loans.
The central bank in its mid-quarter mo

RBI cuts interest rate by 0.25% to boost growth

In line with expectations, the RBI today cut its short-term lending rate by 0.25 per cent to spur growth and revive investment but sounded a note of caution on further easing of rates on account of high food inflation and current account deficit.

P. Chidambaram hopes RBI will ease policy rates

Pitching for easy monetary policy in the upcoming review, finance minister P Chidambaram today said that if RBI cuts rates it will help economy to grow at a higher rate of 6.5 per cent in the next fiscal.

RBI tells banks to impose limit on global transactions of cards


In order to check frauds, the Reserve Bank of India (RBI) has asked banks to impose monetary limit for international transactions on credit and debit cards and refrain from issuing cards with global access unless specifically sought by the customer.

India Inc happy about RBI rate cuts

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New Delhi: Reeling under slowdown, India Inc. today hailed the Reserve Bank of India’s move to reduce repo rate and CRR by a quarter per cent, saying it will spur growth and ease the prevailing tight

RBI cuts policy rates by 0.25% to perk up growth

Shedding its 9-month long hawkish monetary policy stance, the Reserve Bank today slashed its key interest rates by 0.25 per cent and released Rs 18,000 crore additional liquidity into the system to perk up growth through reduced cost of borrowing.

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