Rupee falls towards 56 on euro slide
The rupee falls further to 55.83/84 on the back of sharp falls in domestic stocks after RBI disappointed by leaving interest rates unchanged, and as euro reversed earlier gains despite slim majority w
RBI likely to cut rates despite high inflation
The Reserve Bank of India (RBI) is expected to cut interest rates on Monday in a bid to breathe fresh life into a sputtering economy even as inflation remains uncomfortably high.
After cutting its po
Reserve Bank keeps key interest rate on hold
Reserve Bank of India has kept its key interest rate unchanged on Monday, despite facing pressure for a cut to spur borrowing and investment in the face of a worrying economic slowdown.
The RBI, Indi
Sensex falls 200 points after RBI keeps interest rates unchanged
The BSE benchmark Sensex tumbled by over 200 points in late morning trade on Monday as RBI's decision to keep all key interest rates unchanged pulled interest sensitive stocks down.
The 30-share b
RBI enhances export credit refinance limit; injects Rs 30K crore
The Reserve Bank on Monday decided to enhance the Export Credit Refinance (ECR) limit to 50 per cent of the outstanding rupee export credit for banks, from 15 per cent, a move that will inject Rs 3
Inflation weighed on RBI's monetary policy decision: Pranab
Finance Minister Pranab Mukherjee on Monday said inflation weighed on the mind of the Reserve Bank, which kept the key interest rates unchanged in its monetary policy review.
Mukherjee said it wa
Rupee fails to maintain initial gains, down 16 paise vs dollar
The rupee failed to maintain initial gains against the US dollar and was down 16 paise at 55.56 in the late morning trade on fresh demand for the American currency from banks.
The rupee resumed h
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
Sensex tanks 300 points; banks, realty hit hard after RBI policy
Extending losses, the BSE Sensex plunged over 300 points in the late afternoon trade as RBI's decision to keep interest rates unchanged pulled down rate-sensitive stocks.
The 30-share barometer, whic
Pranab expects RBI to adjust interest rates on Monday
Amidst expectations of interest rate cut by the Reserve Bank on Monday, Finance Minister Pranab Mukherjee on Saturday expressed confidence that the central bank would 'adjust the monetary policy' to