Raghuram Rajan, top bankers exchange barbs over interest rates
Severely critical of banks not passing interest rate cut to borrowers, Rajan said the liquidity position was strong and there was no reason for banks not to cut lending rates.
Apr 07, 2015, 17:08 PM IST
Pakistan cuts key interest rate
Pakistan`s central bank cut its key interest rate by 0.5 percent on Saturday in a bid to give the country`s improving economy further momentum.
Mar 21, 2015, 18:31 PM IST
Axis Bank cuts deposit rates by up to 0.25%
The third largest private sector lender has cut its deposit rate offerings by 0.25 percent across buckets in the 18 to 36 months window, a bank official said Wednesday.
Mar 19, 2015, 18:46 PM IST
Rajan's rate cut decision shows division at top of RBI
Reserve Bank of India (RBI) Governor Raghuram Rajan`s decision to cut rates last week surprised even top officials, a rare sign of divisions that could become much more public as the bank overhauls its decision processes in a way that will clip his influence.
Mar 13, 2015, 17:48 PM IST
Sensex tanks 427 points after inflation rise hits rate cut hopes
Sensex Friday erased early gains and ended sharply down by over 427 points on selling in capital goods, banking, FMCG and power stocks after rise in retail inflation hit hopes of aggressive rate cuts.
Mar 13, 2015, 17:23 PM IST
Inflation rises for 3rd month in Feb; Industrial output grows 2.6% in Jan
Diminishing hopes of another rate cut by the Reserve Bank, retail inflation rose to 5.37 percent in February, the third consecutive month of uptick, even as industrial output grew by modest 2.6 percent in January.
Mar 12, 2015, 22:21 PM IST
Arun Jaitley to meet heads of PSU banks Wednesday
Finance Minister Arun Jaitley will meet the heads of public sector banks Wednesday to review the banks' performance and persuade them to pass on the RBI's rate cut benefit to borrowers to prop growth.
Mar 10, 2015, 17:03 PM IST
Policy rates have touched neutral, no cuts till 2017: Nomura
With the second surprise 25 bps repo rate cut by the Reserve Bank on March 4, the policy rates have reached neutral and the average policy rate over the next three years should be around 7.4 per cent, says a report.
Mar 06, 2015, 15:50 PM IST
Rajan says sorry for "misleading" comments he never made!
In a gesture rarely found among newsmakers, RBI Governor Raghuram Rajan Wednesday said "sorry" for a "misleading" comment that he never made with regard to the central bank's stance on interest rates.
Mar 04, 2015, 21:44 PM IST
Realty industry hails rate cut by RBI
The industry on Wednesday hailed RBI's decision to cut repo rate by 0.25 percent, saying the move will help the sector to tide over the liquidity crisis.
Mar 04, 2015, 19:07 PM IST
RBI surprises with post-budget rate cut
The cut comes just days after the government and the Reserve Bank of India agreed to formally adopt inflation targeting, though the central bank introduced its own targets a year ago.
Mar 04, 2015, 09:50 AM IST
RBI on rate cut: Avalanche of fund flows but inflation killjoy
India is witnessing an "avalanche" of capital flows as central banks around the world are reducing interest rates to very low levels but the RBI is unable to cut interest rates very quickly due to "high" inflation, Governor Raghuram Rajan said Monday.
Mar 02, 2015, 23:10 PM IST
Core sector growth slows to 13-month low of 1.8% in January
Growth in eight core industries slowed in 1.8 percent in January, the lowest in 13 months, which along with a slowdown in the manufacturing sector has raised hopes of a rate cut by RBI.
Mar 02, 2015, 21:11 PM IST
Arvind Subramanian pitches for rate cut by RBI
The RBI should consider cutting lending rates on the back of lower inflation, Chief Economic Advisor Arvind Subramanian said Friday.
Feb 27, 2015, 22:03 PM IST
Rajan went by majority opinion of advisors on RBI policy rate
RBI Governor Raghuram Rajan went by the majority suggestion of the central bank's external advisors to wait for signals from the Union Budget before reducing key interest rate, although three of the seven members were for a cut of 25-75 basis point.
Feb 25, 2015, 21:47 PM IST
Markets rise to 3-week high on budget expectations, rate cut hopes
Indian markets Wednesday rose to nearly three-week highs with the benchmark Sensex jumping 184.38 points to end at 29,320.36 and the Nifty index gaining 59.75 points to close at 8,869.10 on hopes of growth-oriented Budget and firming expectations of rate cuts after inflation slowed.
Feb 18, 2015, 18:15 PM IST
India Inc asks RBI to slash rates as inflation turns -ve again
With WPI inflation turning negative for the second time in three months, India Inc Monday exhorted the RBI to take full advantage of the benign price rise situation by slashing interest rates in a bid to boost demand and revive industrial growth.
Feb 16, 2015, 19:23 PM IST
Inflation at 5 year low of (-) 0.39%, raises hope for rate cut
This is the second time in three months that the wholesale price index has entered negative territory, as the government Monday also revised downwards the inflation number for November to minus 0.17 percent, from zero earlier.
Feb 16, 2015, 12:52 PM IST
Strong US job, wage gains open door to mid-year rate hike
U.S. job growth rose solidly in January and wages rebounded, a show of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table.
Feb 07, 2015, 03:15 AM IST
Inflation still a concern: Rajan
A day after keeping interest rates unchanged, RBI Governor Raghuram Rajan on Wednesday said inflation is still a concern for the central bank and the monetary policy continues being "conventional".
Feb 04, 2015, 18:18 PM IST
