Mar 05, 2015 at 13:21 | Source: Moneycontrol.com
According to Angel Broking, Indian Rupee will depreciate today as markets will be wary today ahead of policy meetings of both ECB and BoE. Further, strength in the DX will act as a negative factor.
Mar 05, 2015 at 11:03 | Source: PTI
Under the new 'inflation targeting' mechanism, the government has mandated RBI to bring down inflation to below 6 percent by January 2016 and then target a level of 4 percent by March next year. RBI will have to explain the reasons if such targets are not achieved.
Mar 05, 2015 at 11:01 | Source: CNBC-TV18
In the wake of the Reserve Bank of India slashing its benchmark lending rate, commercial banks will start cutting their base rates sooner rather than later, Bank of Baroda CMD Ranjan Dhawan told CNBC-TV18.
Mar 04, 2015 at 19:31 | Source: Reuters
If the outlook turns out correct, it will be another shot in the arm for Prime Minister Narendra Modi's efforts to revive the economy after the Reserve Bank of India (RBI) unexpectedly cut its policy rate for the second time this year on Wednesday.
Mar 04, 2015 at 16:02 | Source: PTI
However, the RBI can take comfort from the fact that inflation has declined at a faster pace than envisaged in the central bank's policy issued in January last year.
Mar 04, 2015 at 16:01 | Source: PTI
Encouraged by softening inflation and fiscal consolidation roadmap presented by the government, the Reserve Bank of India on Wednesday slashed key policy (repo) rate by 0.25 percent to 7.5 percent, the second such surprise rate cut outside the regular policy review in less than two months.
Mar 04, 2015 at 12:27 | Source: CNBC-TV18
Siddharth Sanyal of Barclays sees CPI inflation inching closer to the 5 percent handle, averaging below Rajans expectation or target of 6 percent inflation towards end of 2015-16. Keeping that in mind, he expects another 25 basis points cut by June, but post April 7 policy.
Mar 04, 2015 at 12:22 | Source: PTI
Encouraged by softening inflation and fiscal consolidation roadmap by the government, RBI on Wednesday slashed key policy (repo) rate by 0.25 percent to 7.5 percent, the second such surprise rate cut outside regular policy review in less than two months.
Mar 04, 2015 at 09:21 | Source: CNBC-TV18
Adrian Mowat, managing director, chief Asian and emerging market equity strategist, JPMorgan said this is a positive surprise and will make people buy the market.
Mar 04, 2015 at 09:15 | Source: Moneycontrol.com
By cutting the repo rate, the RBI has shown faith in the fiscal consolidation measures outlined by Finance Minister Arun Jaitley in the Union Budget on Saturday