Reserve Bak Of India

Former Chief Economic Advisor (CEA) Arvind Subramanian opined that although the Reserve Bank of India's (RBI) independence is sacred, there must be "creative tension" between the central bank and government. Mr Subramanian, who participated in an interactive session with entrepreneur and co-founder of Infosys Nandan Nilekani, was of the view that a...

The Reserve Bank of India (RBI) is expected to leave its key interest rate steady at 6.75 per cent next week and only make one cut this year as rising inflation ties its hands, according to a Reuters poll.

With inflation remaining in the negative territory for the 14th straight month in December, India Inc on Thursday said the trend indicates weak demand, nudging the Reserve Bank of India to cut the benchmark rate to aid industrial recovery and boost economic growth.

According to media reports last month, the RBI had proposed setting these limits in rupees instead of dollars, which would effectively increase them given the domestic currency has weakened considerably since the country last set the cap.

The actions, unveiled at the RBI's policy review on Tuesday, reflect the central bank's cautious approach to foreign investment, which is integral to narrowing the current account deficit but leaves the country exposed to outflows in periods of global market volatility.

The Reserve Bank will indicate it is better positioned to achieve CPI inflation forecast of 6 per cent for January 2016, in its policy review, says CLSA.

The existing external commercial borrowing guidelines on the cost ceiling, permitted end-use and others will also be applicable to all such debt where the proceeds will be parked with banks in the country, the Reserve Bank of India said.

India is not considering raising the foreign investment limit in Government bonds immediately, Reserve Bank of India (RBI) Deputy Governor H R Khan said on Thursday.

A committee appointed by the RBI had proposed the formation of payment banks to widen the spread of payment services and deposit products to small businesses and poor households.

Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation.

Finance Minister P Chidambaram on Friday said the fiscal consolidation road-map proposed in the Budget will promote foreign investment and support domestic economy.

Former Chief Economic Advisor (CEA) Arvind Subramanian opined that although the Reserve Bank of India's (RBI) independence is sacred, there must be "creative tension" between the central bank and government. Mr Subramanian, who participated in an interactive session with entrepreneur and co-founder of Infosys Nandan Nilekani, was of the view that a...

The Reserve Bank of India (RBI) is expected to leave its key interest rate steady at 6.75 per cent next week and only make one cut this year as rising inflation ties its hands, according to a Reuters poll.

With inflation remaining in the negative territory for the 14th straight month in December, India Inc on Thursday said the trend indicates weak demand, nudging the Reserve Bank of India to cut the benchmark rate to aid industrial recovery and boost economic growth.

According to media reports last month, the RBI had proposed setting these limits in rupees instead of dollars, which would effectively increase them given the domestic currency has weakened considerably since the country last set the cap.

The actions, unveiled at the RBI's policy review on Tuesday, reflect the central bank's cautious approach to foreign investment, which is integral to narrowing the current account deficit but leaves the country exposed to outflows in periods of global market volatility.

The Reserve Bank will indicate it is better positioned to achieve CPI inflation forecast of 6 per cent for January 2016, in its policy review, says CLSA.

The existing external commercial borrowing guidelines on the cost ceiling, permitted end-use and others will also be applicable to all such debt where the proceeds will be parked with banks in the country, the Reserve Bank of India said.

India is not considering raising the foreign investment limit in Government bonds immediately, Reserve Bank of India (RBI) Deputy Governor H R Khan said on Thursday.

A committee appointed by the RBI had proposed the formation of payment banks to widen the spread of payment services and deposit products to small businesses and poor households.

Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation.

Finance Minister P Chidambaram on Friday said the fiscal consolidation road-map proposed in the Budget will promote foreign investment and support domestic economy.