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Dollar gains momentum against rupee, USD= Rs.52.85 13 December 2011
The US dollar gained momentum and gained over its Indian counterpart and an average importer has to now pay roughly 53 rupees to procure a dollar. The surging dollar rate would be the biggest worry for the Reserve Bank of...
Keywords: market outlook, Cash reserve ratio, market outlook, overnight indexed swap
Read MoreCRR cut: Banks may not reduce EMIs 25 January 2012
However, a few like Oriental Bank of Commerce Executive Director S C Sinha said the CRR cut would "definitely lead to reduction in interest rates." Chairman of the Prime Minister's Economic Advisory Council and former RBI Governor C Rangarajan said...
Keywords: EMIs, Dena Bank, EMIs, RBI
Read MoreRBI retains Repo Rate 30 September 2014
Reserve Bank of India has unchanged the policy Repo Rate at 8 per cent citing significant upside risk to its medium term inflation target. With this decision, the home loans and car loans are likely to stay as it is....
Keywords: Repo Rate, Repo Rate, Statutory Liquidity Ratio, Repo Rate
Read MoreRBI has not announced any rate changes 04 August 2015
Reserve Bank of India on today kept its policy rates unchanged, while the governor Raghuram Rajan said that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts. The...
Keywords: Raghuram Rajan, RBI Governor, RBI, Repo rates
Read MoreRBI keeps rates unchanged 03 February 2015
The Reserve Bank of India has kept its Policy Repo Rate and cash reserve ratio [CRR] unchanged at 7.75 percent and 4.0 percent respectively. Citing the currently and evolving macro-economics situation, RBI took this decision, however, the statutory liquidity ratio...
Keywords: current account deficit, monetary policy review, current account deficit, home loans
Read MoreInterest rates may be unchanged 03 August 2015
The chances of a rate revision of the Reserve Bank of India are very remote. The Export-Import Bank of India states that, the rising trend in inflation seen over the last two months and the rainfall deficits is expected to...
Keywords: Raghuram Rajan, Consumer price-index, RBI, Raghuram Rajan
Read MoreDeregulate diesel prices: RBI to Government 25 January 2012
While petrol prices are market-linked, the government decides the rates of LPG, kerosene and diesel, which usually results in a large budgetary expenditure on subsidies. The Reserve Bank today said the government should deregulate diesel prices in order to contain...
Keywords: LPG, rates of LPG, Reserve Bank, Petrol prices
Read MoreRBI hints at another CRR cut 22 February 2012
The mid-quarter review of the monetary policy is scheduled for March 15 and it is widely expected that one more CRR cut can be on the anvil. Deputy Governor Subir Gokarn said the Reserve Bank will "consider" a further cut...
Keywords: RBI hints, Subir Gokarn, CRR Cut, monetary policy
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