My name is Raghuram Rajan and I do what I do: RBI Governor on rate cut
"My name is Raghuram Rajan and I do what I do", was RBI Governor's response to comments that he was being Santa Claus in cutting interest rate by more than expected.
Sep 29, 2015, 13:38 PM IST
RBI Guv Raghuram Rajan may go for rate cut on Tuesday to spur economy
Most of the bankers feel that benign inflation and status quo by US Fed has given room for the RBI to cut short-term lending (repo) rate by at least 0.25 percent to 7 percent.
Sep 27, 2015, 10:48 AM IST
RBI may cut rate by 0.25% on September 29: Report
With inflation figures continuing to reflect benign environment, the RBI is likely to go for a 25 basis points rate cut while announcing its bimonthly monetary policy on September 29, a report said Monday.
Sep 21, 2015, 16:34 PM IST
On-hold US Fed paves way for RBI rate cuts: Experts
The US Federal Reserve deciding to keep rates unchanged should provide RBI chief Raghuram Rajan headroom to cut rates by 25 bps later this month, experts say.
Sep 18, 2015, 16:18 PM IST
Looming Fed rate decision a test of Yellen's jobs vision
Fed Chair Janet Yellen has made clear she would rather delay an interest rate hike for too long than move sooner and risk jeopardizing a tepid economic recovery, a conviction that will face its sharpest test yet on Thursday.
Sep 17, 2015, 19:15 PM IST
US Fed expected to hold fire on rates in very close call: Poll
The US Federal Reserve will hold fire a bit longer on its first interest rate rise in nearly a decade, according to a little over half of economists in a Reuters poll who only last week narrowly predicted the Fed will pull the trigger on Thursday.
Sep 16, 2015, 18:56 PM IST
'Easing inflation makes strong case for RBI rate cut'
Retail inflation at 3.7 percent in August is much lower than RBI's guided path target by January and there is a room for at least 25 basis points repo rate cut during the policy meet later this month, Ind-Ra said Tuesday.
Sep 15, 2015, 22:24 PM IST
Axis Bank rules out cut in base rate for next two months
Even as its larger rival HDFC Bank cut base rate by a sharp 35 basis points to 9.35 percent late last month, the third-largest private sector lender Axis Bank Friday ruled out any immediate reduction in its loan pricing.
Sep 11, 2015, 22:35 PM IST
Bank of England keeps key interest rate at 0.50%
The Bank of England said Thursday it had voted to keep its interest rate at a record-low 0.50 percent, but cut economic growth forecasts and warned of global "headwinds".
Sep 10, 2015, 17:38 PM IST
Rajan completes second year as RBI Governor: What are the expectations
Raghuram Govind Rajan took charge as the 23rd Governor of RBI on September 4, 2013 for a three-year term.
Sep 04, 2015, 10:51 AM IST
IMF says Fed `can hold off` on interest rate rise
The International Monetary Fund said Thursday that the Federal Reserve has the room to hold off from raising interest rates for the moment amid a "pretty bumpy" global economic situation.
Sep 03, 2015, 21:10 PM IST
Conditions favourable for interest rate cut: FM Jaitley
Conditions are favourable for further interest rate cut by the Reserve Bank as commodity prices are low and prospects of Kharif crop are good, Finance Minister Arun Jaitley said Thursday.
Aug 06, 2015, 23:33 PM IST
'Inflation should not prevent RBI from cutting interest rate'
Hours before RBI Governor Raghuram Rajan announces third bi-monthly monetary policy of the fiscal, a top Finance Ministry official has said the central bank should not hesitate in cutting interest rate just on inflationary concerns.
Aug 03, 2015, 20:46 PM IST
RBI to keep key rate unchanged on August 4: DBS
Reserve Bank of India is likely to keep the benchmark repo rate unchanged at 7.25 percent in its policy review meet next week, a DBS report says.
Jul 28, 2015, 14:27 PM IST
Dollar, stocks look set for biggest weekly gains in months
The dollar looked set for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year, with European shares holding steady on the view that Greece will secure a bailout.
Jul 17, 2015, 17:51 PM IST
RBI may lower rates in Aug 4 policy review: Moody's
The Reserve Bank is likely to cut interest rates in its upcoming monetary policy review next month despite retail inflation surging to an eight-month high in June, rating agency Moody's said Tuesday.
Jul 14, 2015, 17:00 PM IST
Bank of Korea holds interest rate at record low
South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.
Jul 09, 2015, 07:51 AM IST
Economy recovering from serious challenges; expect banks to cut rate further: FM
Reserve Bank has cut repo rate by 0.75 percent since January but not all banks have passed on the benefit of lower interest rates to customers.
Jun 12, 2015, 13:29 PM IST
Federal Reserve should delay rate hike to 2016: IMF
The International Monetary Fund on Thursday called on the US Federal Reserve to put off its planned interest rate increase until next year.
Jun 04, 2015, 19:09 PM IST
PNB, Axis Bank cut fixed deposit rate by 0.25%
Two leading banks Punjab National Bank (PNB) and Axis Bank Wednesday slashed interest rate on fixed deposits by 0.25 percent on select maturities, a move which could be seen as precursor to a cut in lending rates.
Jun 03, 2015, 22:08 PM IST
