News from other websites on Rbi
Why Chidambaram doesn't yet deserve an upgrade
May 21, 2013 at 12:30 | Source: FirstPost
The finance minister is miffed that the rating agencies are not fully convinced about his reforms. In fact, far from giving him an upgrade, they have not ruled out a downgrade if there are any slippages in promised reforms.Last Friday, Standard and P...
Barclays Capital expects bigger rate cuts in 2013
May 21, 2013 at 11:51 | Source: Economic Times
Barclays Capital now expects another 75 bps of rate cuts over the rest of 2013 versus its previous call of 25 bps in easing due to slowing inflation and weakening economic growth. BarCap said in a note that it sticks to its call the RBI will cut int...
Semi-purified gold bars may find a passage to India
May 21, 2013 at 10:40 | Source: Economic Times
KOLKATA: The recent Reserve Bank of India (RBI) directive that banks can import gold on consignment basis for genuine exports has opened a door for the entry of gold dore bars, which have less than 95% gold content. Bullion traders say the refining ...
BSE Sensex snaps 4-day rally on profit selling
May 21, 2013 at 06:22 | Source: Business Today
The BSE Sensex fell for the first time in five sessions, retreating from 30-month high levels on Monday, on profit-booking in recent gainers in healthcare, consumer durable and banking sectors.Traders said investors and funds were encashing the rece...
Strong demand from FIIs for government debt quotas
May 21, 2013 at 01:00 | Source: FirstPost
MUMBAI (Reuters) - Foreign investors bid heavily in an auction for quotas to buy government bonds on Monday, even after Standard & Poor's reiterated its "negative" outlook for the country, as a cut in a key debt investment tax has contr...
RBI says foreign investors may buy inflation-linked bonds
May 21, 2013 at 00:30 | Source: FirstPost
MUMBAI (Reuters) - India's new inflation-linked bonds will be sold to foreign investors as part of an up to $25 billion investment limit for government debt allotted for demand from overseas, Reserve Bank of India (RBI) officials said on Monday.Howev...
Chidambaram: more steps to cut gold imports if needed
May 21, 2013 at 00:00 | Source: FirstPost
NEW DELHI (Reuters) - India will take more steps if necessary to curb gold imports, Finance Minister P. Chidambaram said on Monday, after the country's overseas purchases of gold and silver shot up 138 percent in April.The spike in gold imports has i...
Reserve Bank of India likely to cut policy rates at its June 17 meeting: Experts
May 20, 2013 at 23:57 | Source: Financial Express
Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The h...
No tax exemption for inflation-indexed bonds: RBI
May 20, 2013 at 23:46 | Source: Business Today
The Reserve Bank on Monday said the soon-to-be-launched inflation index bonds could also be linked to consumer price index in the future."The new instruments to be issued down the line when perhaps CPI index stabilises, we may move over (to consumer...
No special tax sops for inflation-indexed bonds
May 20, 2013 at 22:37 | Source: The Hindu BusinessLine
Mumbai, May 20: Retail investors will be able to invest in inflation-index bonds (IIBs), according to the Reserve Bank of India. However, there will be no special tax sops for investments in these bonds as of now, said a top RBI official. IIBs are a...
RBI cuts time to bring back export earnings
May 20, 2013 at 22:37 | Source: The Hindu BusinessLine
Mumbai, May 20: In a bid to attract dollars into the country in the face of rising current account deficit (CAD), the Reserve Bank of India has brought down the realisation period of sale proceeds for exporters from 12 months to nine months from the...
Govt may take more steps to curb gold imports: Chidambaram
May 20, 2013 at 22:01 | Source: Business Today
Worried over widening current account deficit (CAD), the government on Monday indicated that it could take more steps to check gold imports."Some more steps, if necessary, would have to be taken, but I appeal to the people of India to contain their ...
Inlftaion indexed bond to be eligible for SLR: RBI
May 20, 2013 at 22:01 | Source: Economic Times
MUMBAI: The Reserve Bank of India clarified on Monday that the proposed inflation indexed bond or IIBs will be treated like any other government bond and will also be eligible for maintaining statutory liquidity ratio or SLR by banks. "IIBs will be t...
RBI curbs on gold counter-productive
May 20, 2013 at 21:16 | Source: The Hindu BusinessLine
The Reserve Bank, in its May 13 notification, restricts with immediate effect, the import of gold on consignment basis by banks. This will now be allowed only to meet the genuine needs of exporters of gold jewellery. It is aimed at reducing the dema...
Govt will take more steps to curb gold imports if needed: P Chidambaram
May 20, 2013 at 20:50 | Source: Economic Times
NEW DELHI: Govt will take more steps if necessary to curb gold imports, Finance Minister P Chidambaram said on Monday, after the country's overseas purchases of gold and silver shot up 138 percent in April. The spike in gold imports has increased pre...
RBI says next series of inflation index bonds could be linked to CPI, too
May 20, 2013 at 20:50 | Source: Economic Times
MUMBAI: The Reserve Bank today said the soon-to-be-launched inflation index bonds could also be linked to consumer price index in the future. "The new instruments to be issued down the line when perhaps CPI index stabilises, we may move over (to con...
RBI says next series of IIBs could be linked to CPI, too
May 20, 2013 at 20:11 | Source: DNA India
The Reserve Bank today said the soon-to-be-launched inflation index bonds could also be linked to consumer price index in the future. The new instruments to be issued down the line when perhaps CPI index stabilises, we may move over (to consumer pri...
SBI says RBI should be regulator for all home loans
May 20, 2013 at 19:52 | Source: DomainB
The State Bank of India, the country's largest lender, has suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks as well as housing finance companies. Currently, the RBI regulates home loans provided b...
How govts fuel pricing drilled a Rs 10,000 cr hole in auto cos pockets
May 20, 2013 at 19:30 | Source: FirstPost
The governments fuel pricing policy has been riddled with anomalies.First it held on to the administrative pricing mechanism for such a long time that it became difficult for the government to liberalise it meaningfully for fear that any step in that...
Foreign investors may buy inflation-linked bonds: RBI official
May 20, 2013 at 18:00 | Source: NDTV Profit
Mumbai: Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt, a senior Reserve Bank of India (RBI) official said on Monday. Inflation-linked bonds will be ...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
