Oct 19, 2016 at 09:22 | Source: CNBC-TV18
In an interview with CNBC-TV18, Sonal Varma, MD and Chief India Economist, Nomura Financial Advisory, discussed her key takeaways from the minutes of the Reserve Bank's first Monetary Policy Committee meet, which were released yesterday.
Oct 18, 2016 at 18:13 | Source: Moneycontrol.com
The six-member panel, which brainstormed over two days, unanimously agreed that inflation was unlikely to gallop past the tolerance threshold of 6 percent in the next few months.
Oct 18, 2016 at 11:55 | Source: Reuters
New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used the same rationale for their surprise 25 basis point (bps) cut to 6.25 percent earlier this month, the lowest since November 2010.
Oct 17, 2016 at 14:16 | Source: PTI
The company has reduced its short-term benchmark rate (IBR-ST) from 9.30 percent to 8.50 percent per annum with monthly rests for lending for tenure up to 3 months only, IFCI said in a statement.
Oct 14, 2016 at 13:26 | Source: CNBC-TV18
In an interview with CNBC-TV18, Tushar Arora, Senior Economist at HDFC Bank said that the WPI number is in line with expectations and Thursday's CPI number was also below market estimates, this should come as a relief.
Oct 14, 2016 at 12:27 | Source: PTI
Wholesale Price Index (WPI) inflation in vegetables witnessed deflationary pressures and was recorded at (-)10.91 percent in September. Inflation in this category had scaled a high of 28.45 percent in July.
Oct 14, 2016 at 08:51 | Source: Moneycontrol.com
From an Indian equity standpoint, monetary easing in the context of a stable currency is an obvious positive, writes CLSA's Chris Wood in his newsletter GREED & fear
Oct 13, 2016 at 18:36 | Source: Moneycontrol.com
Indias retail inflation grew 4.31 percent in September, its slowest pace since August last year, bolstering hopes of another round of interest rate cut in the coming months.
Oct 13, 2016 at 09:44 | Source: Moneycontrol.com
Since the beginning of 2015, the RBI has cut the repo rate by 175 basis points to 6.25 percent, but only a small part of that has been passed on to the borrower, despite the fact that the government has also reduced the rates on small deposit schemes and banks themselves have been slashing term deposit rates from time to time.
Oct 12, 2016 at 20:06 | Source: Moneycontrol.com
Online retailers clocking record sales this festive season have triggered hopes of a sustained revival, but data from Indias banks and factories seem to tell a story of an economy caught in a peculiar flux.