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RBI cites difficulties in interest rate cut


Mumbai: RBI today spoke of difficulties in effecting an interest rate cut as it kept its option open in its quarterly monetary policy tomorrow citing high inflation and widening current account defic

Rupee to recoup in 2-3 months, RBI not likely to step in: FinMin


Even as the rupee plunged to a 10 -week low against US dollar on Friday erasing almost the entire gains it made since the recent reform waves, the Finance Ministry on Saturday expressed optimism of a

RBI plans to gradually replace Rs 10 bank note with coins


The Reserve Bank plans to gradually replace all Rs 10 bank notes with coins as life of the paper note is only about 9-10 months, the Lok Sabha was informed on Friday.

Rs 10 coins are in circulation s

RBI to issue Rs 500, Rs 10 banknotes with rupee symbol soon


The Reserve Bank will issue Rs 500 and Rs 10 denomination bank notes with rupee symbols shortly, it said in a release.

"The Reserve Bank of India will shortly issue Rs 500 denomination banknotes with

RBI, Govt not antagonistic to each other, says PC


Finance minister P. Chidambaram on Sunday rejected the perception that his ministry and RBI were at loggerheads over interest rates and other issues, and said that they were not ‘antagonistic’ to each other.

Subbarao says inflation still running high


India's inflation rate of 7.5 per cent is still high, the central bank governor Duvvuri Subbarao said on Friday, adding the RBI was on alert to manage both growth and inflation.

India's headline infl

RBI keeps rates unchanged


Showing concerns over hardening inflation, the Reserve Bank on Tuesday left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to infuse additional liquidity that will inj

SC refuses to stay FDI in retail, asks RBI to amend regulation

The Supreme Court on Monday refusedto stay the FDI in retail sector but said the government policy suffers from lack of legal sanction which could be cured by amending the regulations in the Foreign E

Analysts says CRR cut indicates RBI's concern on growth

Analysts and economists have welcomed the RBI decision to keep the rates unchanged in view of the sticky inflation and increase the liquidity with a marginal CRR cut, saying an interest reduction is a

RBI cuts CRR by 0.25%, releases Rs 17,000 cr liquidity


Taking a cautious stance, the Reserve Bank on Monday cut CRR by 0.25 per cent - the percentage of deposits banks keep with central bank - but refrained from reducing lending rates in view high inflation.

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