Aug 28, 2015 at 22:16 | Source: PTI
RBI, since January 2015, has lowered key policy rate by a total of 0.75 percentage point in three tranches and may reduce it further depending on macro-economic data and monsoon. The next policy review is due on September 29.
Aug 28, 2015 at 20:39 | Source: PTI
In the recently released annual report, RBI raised concerns over lower-than-expected monsoon and said it could have an impact on the growth and inflation outlook. Talking about the economy, Arundhati Bhattacharya said the country is now moving off the bottom.
Aug 28, 2015 at 19:49 | Source: CNBC-TV18
According to the reports, growth in aggregate deposits and gross bank credit decelerated to 10.6 percent and 8.6 percent, respectively, in June 2015 from 11.9 percent and 12.9 percent, respectively, a year ago.
Aug 28, 2015 at 12:51 | Source: Reuters
The median from survey of 21 economists showed a 60 percent chance that the central bank would cut its policy repo rate from 7.25 percent at the next meeting, whereas a previous poll in July had shown a move was more likely in the final three months of the year.
Aug 27, 2015 at 22:00 | Source: PTI
The revised draft of the Indian Financial Code (IFC), released by the Finance Ministry last month, had suggested doing away with RBI Governor's veto power and wants a 7-member MPC to take decisions by a majority vote.
Aug 24, 2015 at 17:03 | Source: PTI
The comments assume significance as RBI has been facing growing calls from the government and the industry for further rate cuts, although it has already lowered its policy rate thrice by 0.25 percent each so far in 2015.
Aug 24, 2015 at 12:08 | Source: PTI
The Governor also hinted at lower rates, saying the RBI will look at emerging room for more accommodation on the back of lower commodity prices, astute food management by the government and strong anti-inflation policy stance of the central bank.
Aug 21, 2015 at 19:34 | Source: Reuters
Outstanding loans rose 155.60 billion rupees (USD 2.36 billion) to 66.72 trillion rupees in the two weeks to August 7. Non-food credit rose 226.80 billion rupees to 65.70 trillion rupees, while food credit fell 71.20 billion rupees to 1.01 trillion rupees.
Aug 21, 2015 at 10:32 | Source: CNBC-TV18
On the strategy for the September series, Mahajan says it is a tough call because of two major events--the RBI credit policy and the US Fed decision on rates.
Aug 20, 2015 at 08:29 | Source: Reuters
"Most judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point," the minutes said.