Dec 08, 2016 at 10:00 | Source: Moneycontrol.com
Equity benchmarks as well as broader markets climbed over a percent in morning trade, driven by positive global cues. Even the withdrawal of incremental CRR hike boosted the sentiment further.
Dec 07, 2016 at 20:32 | Source: CNBC-TV18
Both V Srinivasan of Axis Bank and Ashish Parthasarthy of HDFC Bank agree that the withdrawal limit could extend beyond December 30 because the limit depends on the availability of currency.
Dec 07, 2016 at 18:23 | Source: Moneycontrol.com
Even as retail inflation has eased driven by a sharper than anticipated moderation in the prices of vegetables and strong favourable base effect, it masks some upturn in the prices of several items; prices of wheat, gram and sugar have been firming up.
Dec 07, 2016 at 18:09 | Source: Moneycontrol.com
Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.
Dec 07, 2016 at 16:18 | Source: Moneycontrol.com
The RBI left the cash reserve ratio unchanged at 4 percent, as expected, and announced that the incremental CRR of 100 percent will stand withdrawn from 10 December. The increase in the market stabilisation securities ceiling to INR6trn has boosted the RBIs firepower to absorb liquidity.
Dec 07, 2016 at 16:05 | Source: Moneycontrol.com
Equity benchmarks reversed gains in last hour of trade with the Sensex falling 228 points intraday Wednesday as the Reserve Bank defied expectations of rate cut by keeping repo rate unchanged and lowered GVA estimates. However, the fall was arrested after the RBI decided to withdraw incremental CRR from December 10.
Dec 07, 2016 at 15:36 | Source: Moneycontrol.com
Awash with funds, banks may start cutting loan rates to productively deploy unexpected deposit surge; RBI lowers 2016-17 growth forecast by 50 basis points to 7.1 percent on demonetisation effect.
Dec 07, 2016 at 15:19 | Source: CNBC-TV18
The RBI has kept in the mind the possible rise in crude prices when keeping the rates unchanged, says Sajjid Chinoy, Economics, JPMorgan. A sudden surge in crude prices could create inflationary pressure on the economy.
Dec 07, 2016 at 14:38 | Source: Moneycontrol.com
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate the repo rateunchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.
Dec 06, 2016 at 16:18 | Source: Moneycontrol.com
There is a high likelihood of a 25 bps cut in the repo rate.