External advisor urged RBI to cut rates by 0.75%
Three members of a seven-person committee advising the Reserve Bank of India (RBI) on monetary policy recommended a cut in interest rates at its policy review earlier this month, with one suggesting easing by 0.75%, according to a summary of the recommendations released on Wednesday.
Feb 25, 2015, 19:25 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
Rate cut to take some time, say bankers
Bankers on Tuesday ruled out an immediate cut in lending rates saying they will wait for the Budget, but termed the RBI policy review as growth-oriented as the reduction in SLR will release more funds into the system.
Feb 03, 2015, 21:20 PM IST
Macro-economic indicators favour rate cut by RBI: Bankers
With inflation under control, bankers believe that macroeconomic indicators are conducive for a further rate cut of 0.25 percent by RBI tomorrow, even as some expect the central bank to maintain a status quo.
Feb 02, 2015, 15:55 PM IST
FIIs inflow reaches Rs 21,000 crore so far in January
Overseas investors have pumped in a staggering over Rs 21,000 crore in Indian capital markets since the beginning of the month owing to easing inflation and rate cut by Reserve Bank of India (RBI).
Jan 26, 2015, 11:36 AM IST
Weekly review: Market basks in rate cut euphoria; Sensex zooms 663 points
The wide-based CNX Nifty of the NSE crossed 8,500-mark for the first time after a month and ended at 8,513.80, a gain of 229.30 points, or 2.77 percent, over the last weekend close.
Jan 17, 2015, 13:47 PM IST
RBI could have cut rate by greater margin: Nirmala
She said the rate cut by the Reserve Bank shows that economy is now showing a sustained level of revival and inflation is also being controlled and was not fluctuating.
Jan 15, 2015, 22:37 PM IST
RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down
In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.
Jan 15, 2015, 20:23 PM IST
'Rate cut doesn't change sovereign credit profile overnight'
International rating agency Fitch on Thursday said that 25 basis point repo rate cut may not result in an improvement in sovereign credit profile in the short run.
Jan 15, 2015, 19:51 PM IST
192 stocks hit 52-week high as Sensex surges over 700 points
Among the blue-chip stocks that touched their 52-week high mark include Axis Bank, HDFC, HDFC Bank, Maruti Suzuki India and Tech Mahindra.
Jan 15, 2015, 19:36 PM IST
Rate-sensitive stocks surge up to 18% on RBI move
Interest rate-sensitive realty, banking and auto stocks surged up to 18.5 percent Thursday after Reserve Bank Governor Raghuram Rajan sprang a surprise by cutting interest rates by 25 basis points a move that is likely to result in cheaper home and auto loans.
Jan 15, 2015, 19:10 PM IST
Credit for rate cut should go to PM: Sinha
The credit for rate cut by the Reserve Bank should go to the political leadership of Prime Minister Narendra Modi, Minister of State for Finance Jayant Sinha said Thursday.
Jan 15, 2015, 17:55 PM IST
Too little too late, automobile cos say on RBI rate cut
Automobile manufacturers today termed the RBI's decision to reduce interest by 25 basis points as "too little, too late" although they hoped that it would lead to softening of lending rates in future.
Jan 15, 2015, 17:00 PM IST
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
Markets lap up RBI rate cut; Sensex jumps 728 points to above 28,000
The NSE Nifty soared 216.60 points to close at 8,494.15.
Jan 15, 2015, 16:32 PM IST
Raghuram Rajan's rate-cut message to Modi: Now fix the Budget
In cutting interest rates and giving a boost to the government`s efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
Jan 15, 2015, 16:26 PM IST
RBI rate cut: Main highlights
Following are the highlights of the RBI decision on monetary policy and subsequent developments:
Jan 15, 2015, 16:24 PM IST
RBI rate cut to boost investor sentiment: Industry
India Inc Thursday said the move will boost investor sentiment and revive growth, even as it hoped the central bank will further bring down interest rates to lower the cost of capital for the industry.
Jan 15, 2015, 14:46 PM IST
RBI rate cut will boost housing demand: Realty developers
The real estate industry Thursday hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
Jan 15, 2015, 14:44 PM IST
RBI unexpectedly cuts interest rates: Expert views
The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 percent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit.
Jan 15, 2015, 14:31 PM IST
