Jul 28, 2015 at 14:10 | Source: PTI
Reserve Bank of India is likely to keep the benchmark repo rate unchanged at 7.25 percent in its policy review meet next week, a DBS report says.
Jul 27, 2015 at 16:03 | Source: PTI
The Reserve Bank is likely to maintain a status quo on rates in its third bi-monthly policy meet on August 4, taking into account "poor rains" and will go for a 50 basis points rate cut in early 2016, a Bank of America Merrill Lynch report said on Monday.
Jul 27, 2015 at 13:46 | Source: Reuters
Jayant Sinha's comments come days after the finance ministry published draft legislation that proposes to reduce the RBI's influence in setting interest rates.
Jul 27, 2015 at 13:29 | Source: PTI
The draft had proposed taking away Reserve Bank chief's authority to veto the interest rate decision of the central bank's monetary policy committee.
Jul 24, 2015 at 19:04 | Source: PTI
Rating agency ICRA on Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.
Jul 24, 2015 at 10:43 | Source: CNBC-TV18
Former Reserve Bank of India governor Chakravarthi Rangarajan criticised a government move that proposes to give majority control of a monetary policy committee (MPC) to its nominees, and questioned how the central bank would successfully meet its inflation targets without control over it.
Jul 24, 2015 at 08:30 | Source: PTI
The revised draft of Indian Financial Code (IFC), released yesterday by the Finance Ministry, has also proposed that the all-powerful committee would have four representatives of the government and only three from the central bank, including the 'RBI Chairperson'.
Jul 23, 2015 at 20:23 | Source: PTI
Shanbhag termed expectations of 50 bps and 75 bps rate cuts as "unrealistic". Maintaining that inflation is not the sole criterion for RBI's policy action, Shanbhag noted that currency rates, GDP growth and global factors too will play a key role in 2016.
Jul 23, 2015 at 16:04 | Source: Reuters
India's economic prospects have dimmed since April due to the government's inability to pass much-needed reforms, a Reuters poll found, but the central bank will probably hold rates steady this year as inflation nudges up gradually.
Jul 23, 2015 at 16:00 | Source: PTI
The Reserve Bank is likely to keep interest rates on hold in the next month's monetary policy meet, but may slash the key lending rate by a 50-75 basis points by March 2016, Morgan Stanley on Thursday said.