Mumbai: Boosted by the RBI's fresh steps to curb exchange rate volatility, the rupee on Wednesday bounced back sharply by 63 paise to close at a one-month high of 59.13 against the dollar.
Snapping a

Mumbai: The RBI's measures to address exchange rate volatility by curbing liquidity paid off with therupee on Tuesday firming up 58 paise to end at 59.31 against the dollar, the biggest gain in more

Hyderabad: In a surprise move to arrest the plunge of the rupee, the Reserve Bank of India on Monday announced strong measures to reduce liquidity in the banking system to prevent speculation in the

 
Mumbai: India's current account deficit narrowed to 3.6 per cent of gross domestic product in the first quarter of 2013, down from a record high in the previous quarter, data showed Thursday.
 
The

Mumbai: The Reserve Bank of India kept key rated unchanged despite a dip in inflation.
Softening headline inflation alone was no longer be enough to spur the Bank to cut interest rates at a time when

Terming the decision of the Reserve Bank of India to cut cash reserve ration a step in the right direction, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said the need to push

Contrary to demands for rate cuts raised vociferously in certain quarters, an overwhelming majority of corporates and financial institutions do not expect any changes in the repo and CRR in the next w

Finance Minister Pranab Mukherjee on Monday said his ministry and the Reserve Bank will soon announce certain steps, as investors await the measures that are expected to check rupee slide and improve

Industry on Sunday asked RBI to go in for a bold move and cut interest rates at least by 50 basis points (bps), besides releasing more funds in the banking system to arrest slowdown in economic growth

India's industrial output growth flatlined in April, piling pressure on policymakers to cut rates and revive the economic fortunes of the BRIC nation that Standard & Poor's warned could be downgraded