09 Nov 2016
New Delhi: PM Modi's announcement about demonetising Rs 1000 and Rs 500 currency notes has been hailed as a 'bold step'. But it has also created a wave of confusion among people.
30 Jun 2016
New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan met Union Finance Minister Arun Jaitley today, following the government this week notifying the rules for setting up the RBI's Monetary Policy Committee (MPC) to decide on interest rates.
02 Feb 2016
Mumbai: The Reserve Bank of India today announced its sixth bi-monthly monetary policy review. RBI Governor Raghuram Rajan left the key policy rate unchanged but indicated at accommodative stance saying with 'inflation moving closer to the target' there would be more room for rate cut to support growth. Following are the highlights of the monetary policy statement:
05 Apr 2016
Mumbai: The Reserve Bank today cut the key interest rate by 0.25 percent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated accommodative stance going ahead.
07 Jun 2016
New Delhi: With inflation rearing its head again and global crude oil prices inching up, the Reserve Bank is likely to maintain the status quo on interest rates today at its bi-monthly monetary policy review for the current fiscal, say experts.
03 Feb 2016
Mumbai: Bankers yesterday said the Reserve Bank's status quo policy stance was on expected lines but expressed hope that the Central Bank would cut policy rate by up to 0.75 percent during the course of next financial year.
05 Apr 2016
New Delhi: Following are the highlights of RBI's first bi-monthly monetary policy statement, 2016-17:
03 Mar 2016
Washington: Amid widespread expectations that RBI may further cut interest rates, the International Monetary Fund has said the Central Bank may require a 'tight monetary stance for longer'.
20 Mar 2016
New Delhi: Overseas investors are raising their bets on Indian market as they have pumped in over Rs 11,000 crore into the domestic equities so far this month on continued hopes that the RBI would bring down the monetary policy rate.
04 Oct 2016
New Delhi: RBI Governor Urjit Patel on Tuesday announced a sharp cut in repo rates by 25 bps to 6.25% and made no changes in the Cash Reserve Ratio (CRR) at 4%.