Arun Jaitley hails RBI decision to cut interest rate
Finance Minister Arun Jaitley hailed the decision of RBI to cut the interest rate, saying it is a positive development for the Indian economy and will certainly help in reviving the investment cycle the government is trying to restore.
Jan 15, 2015, 16:55 PM IST
Russian central bank sold $76 bn to prop up ruble in 2014: Data
The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.
Jan 12, 2015, 15:58 PM IST
Russia hikes key rate to 17% after record ruble tumble
The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.
Dec 16, 2014, 09:49 AM IST
South Korea keeps key rate at 2% in December
South Korea`s central bank on Thursday left its key interest rate unchanged at 2.0 percent for December and warned its forecast of almost four percent growth next year would be "difficult" maintain.
Dec 11, 2014, 11:36 AM IST
India Inc says RBI not accommodating; unhappy with status quo
Unhappy with Reserve Bank's status quo policy stance, India Inc said the central bank could have been more accommodating by reducing interest rate to boost subdued economic growth.
Dec 02, 2014, 15:49 PM IST
RBI monetary policy: Key Highlights
Following are the highlights of RBI's bi-monthly monetary policy statement.
Dec 02, 2014, 12:20 PM IST
RBI maintains status quo; indicates rate cut in early 2015
Raghuram Rajan kept interest rate unchanged, saying that a shift in stance is 'premature' but hinted that a cut may come early next year if inflation continues to ease .
Dec 02, 2014, 12:10 PM IST
RBI likely to maintain status quo in its review Tuesday
Reserve Bank may keep policy rates unchanged in its upcoming monetary policy review on Tuesday even as the Finance Minister and industry clamoured for the rate cut to prop the economy.
Dec 01, 2014, 20:24 PM IST
Arun Jaitley to meet Raghuram Rajan on Dec 1; to nudge for rate cut
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
Nov 27, 2014, 14:12 PM IST
Jaitley wants RBI to make cost of capital cheaper
Finance Minister Arun Jaitley Sunday pitched for an interest rate cut, expressing confidence that the RBI will move in the direction of making the cost of capital reasonable to help perk up economy.
Nov 23, 2014, 17:50 PM IST
Industry hopeful of rate cut as economy shows recovery signs
Buoyed by the uptick in industrial output and easing inflation, India Inc Wednesday said that improving economic data makes strong case for a cut in interest rates.
Nov 12, 2014, 21:53 PM IST
Allahabad Bank cuts interest rate on retail deposits by 0.15%
Public sector lender Allahabad Bank Wednesday cut by 0.15 percent the rate of interest on retail term deposits maturing in 1-5-years.
Nov 05, 2014, 22:19 PM IST
Cut in repo rate unlikely to boost investments: Crisil
The recent slowdown in the economy is on account of policy uncertainty and sluggish domestic demand, and a cut in repo rate is unlikely to spur investments, a Crisil report has said.
Nov 05, 2014, 17:51 PM IST
RBI likely to hold rates through the fiscal: ICRA
Notwithstanding moderation in inflation, the Reserve Bank is likely to keep status quo on the policy rates this fiscal to check price rise expectations, says a report.
Nov 04, 2014, 19:12 PM IST
Bank of England split on need to raise rates
Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.
Oct 22, 2014, 17:03 PM IST
Axis Bank cuts lending rate by 0.1% to 10.15%
Private sector Axis Bank on Thursday announced reducing its lending rate by 0.1 percent to 10.15 percent from 10.25 percent.
Oct 16, 2014, 18:11 PM IST
RBI unlikely to cut rates despite fall in inflation: Analysts
Even though the headline retail inflation has eased to a five-year low of 6.5 percent in September, analysts Tuesday said the Reserve Bank is unlikely to cut its key rates in the remaining period this fiscal.
Oct 14, 2014, 19:38 PM IST
Decline in inflation gives RBI scope to cut interest: Industry
Buoyed by the drop in inflation which fell to a five-year low of 2.38 percent in September, India Inc Tuesday said it provides much-needed headroom to the RBI to cut interest rate, key to revive industrial growth.
Oct 14, 2014, 17:29 PM IST
Barclays in $20 mn class-action Libor settlement
British bank Barclays agreed to pay $20 million to settle a class-action suit from investors who lost money in the Libor interest rate-rigging conspiracy, according to a US court filing.
Oct 10, 2014, 00:11 AM IST
RBI monetary policy: Rajan keeps interest rates unchanged
The RBI decided to keep the lending rate, or the Repo rate, unchanged at 8 percent, while it retained the short-term borrowing or reverse repo rate at 7 percent.
Sep 30, 2014, 11:03 AM IST
