Reserve Bank
Inflation accelerates to 7.55% in May
The country's inflation (wholesale price index) rose marginally to 7.55 per cent on an annual basis in May despite slowing economic growth, data showed on Thursday, posing a dilemma to the central ban
Inflation to remain around 6.5-7.5% in current fiscal: Pranab
Pinning hopes on good monsoon, the government on Thursday said the inflation for the current fiscal will be around 6.5-7.5 per cent and steps will have to be taken to address supply constraints.
RBI likely to cut rates, may ease liquidity
The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost gr
No proof that high interest rate led to low growth: RBI
Reserve Bank Deputy Governor K.C. Chakrabarty on Friday sought to stave off criticism that the nine-year low GDP growth was primarily due to the 20-month high interest rate regime, saying it was dri
RBI has ‘elbow room’ to cut rates: Gokarn
The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday.
Rangarajan for immediate hike in diesel, LPG prices
Widespread opposition notwithstanding, Prime Minister's Economic Advisory Council chairman C. Rangarajan has strongly favoured an immediate increase in prices of diesel and cooking gas to contain
India's growth: build in an incompetence discount
It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Prime Minister Manmohan Singh summone
Can’t arrest Rs fall if driven by weak fundamentals: RBI
The Reserve Bank of India cannot arrest the rupee's decline if it is caused by weak fundamentals or global factors but can only take more calibrated steps in the forex market in such a scenario, a top official said today.
India Q4 GDP growth seen flat at 6.1 per cent: Reuters Poll
India's annual economic growth probably held steady in the January-March quarter at 6.1 per cent and the global economic slowdown, government policy paralysis and a record low currency suggest little
Morgan Stanley gets RBI nod for banking licence
Morgan Stanley has received an in-principle approval from the RBI for a banking licence, a spokesman for the U.S. bank said on Wednesday, confirming a report in the Economic Times.
The licence would
