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The Reserve Bank of India will take the required steps to curb swings in the rupee’s exchange rate, Governor Duvvuri Subbarao said. The currency extended a recovery from a record low. “We will do whatever is necessary, consistent with our ...
May 25, 2012 at 01:30 | Source: Businessweek
India’s central bank chief pledged to take steps as needed to curb swings in the rupee as the currency’s slump threatens to stoke inflation and limit scope for interest-rate cuts. “We will do whatever is necessary, consistent with our ...
May 25, 2012 at 07:21 | Source: Bloomberg
Investors have pared bets on further cuts in borrowing costs by Reserve Bank of India Governor Duvvuri Subbarao after the first reduction last month since 2009. The cost of locking in interest rates for one year has climbed 17 basis points since ...
May 28, 2012 at 05:09 | Source: Bloomberg
New Delhi: Prime Minister Manmohan Singh on Friday reviewed the sharp decline in rupee value and its impact on the economy with RBI governor D Subbarao and Planning Commission deputy chairman Montek Singh Ahluwalia. Prime Minister Manmohan Singh.
May 25, 2012 at 13:19 | Source: Livemint.com
Despite several attempts to curb the currency volatility, the rupee has been on a rampage the past few weeks, slicing through important support levels and hitting fresh lows day after day. RBI governor D Subbarao today said that they have taken ...
May 24, 2012 at 11:54 | Source: MoneyControl.com
If anybody had any doubts about the government’s inability to put the inflation genie back in the bottle, here it is: consumer price inflation is back in double-digits. The April Consumer Price Index (CPI) number has punched in at 10.36 ...
May 18, 2012 at 07:08 | Source: firstpost.com
Amid steep decline in the value of rupee, the Reserve Bank today said that it is monitoring the situation and will do whatever is necessary to check the currency's fall. "RBI will do whatever is necessary. Some structural changes are necessary for ...
May 24, 2012 at 11:40 | Source: Deccan Herald
Reserve Bank of India (RBI) Governor, D Subbarao, on Thursday indicated more interventions to arrest the slide of the rupee against the dollar and said some structural changes were needed for improvement in the current account. “RBI is constantly ...
May 24, 2012 at 18:49 | Source: Business Standard
It's an open issue, we have done it the past. At the moment we have not done it so far," the RBI governor Duvvuri Subbarao told reporters following a central bank board meeting on Thursday. After his comments, the rupee strengthened to close at ...
May 24, 2012 at 12:37 | Source: Yahoo Finance