Reserve Bank
SBI hikes interest rate by 0.25% on deposits of 3-5 years
In a surprise move, country's largest bank SBI had increased interest rates on select fixed deposits by 0.25 per cent.
Deposits under Rs 15 lakh for a period of three years but less than five years
Manmohan Singh raises hopes of fresh economic reforms
Investors are hoping Prime Minister Manmohan Singh, whose radical reforms transformed the country's economy two decades ago, can work his magic once again after he took charge of the finance ministry.
FinMin, RBI to announce steps soon: Pranab
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 impro
Govt announces steps to revive economic conditions
India took a handful of measures to prop up the embattled rupee on Monday, including increasing the limit on foreign investment in government bonds by $5 billion to $20 billion, the RBI said.
Also, t
Rupee measures fail to cheer market
India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low on Friday.
The R
Weakness in rupee to continue, may end 2012 at 57 against USD
The weakness in Indian rupee is likely to persist for some time and the home currency is expected to end the year at around 57/USD as the conditions necessary for lifting up the rupee are not in place
Rupee likely to slip further, may touch 58 soon: Experts
As concerns relating to both domestic as well as global economy continue, the already battered rupee is likely to see more hammering and may touch the 58 level to a dollar, after hitting historic lows
Govt to announce steps on Monday to improve economy
Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee on Saturday said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank.
RBI, govt taking steps to contain falling rupee value: FinMin
Worried over declining value of rupee, the Finance Ministry on Friday said the Reserve Bank and the government are taking steps to arrest fall of the Indian currency which touched a historic low of
India Inc disappointed with RBI for not cutting rates
Expressing disappointment over RBI's decision of leaving interest rates unchanged, India Inc on Monday said there is an urgent need for rate cut to boost industrial growth and take economy to a high
