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India

RBI Policy Review

RBI cuts rates to lowest since 2011

A woman walks past the Reserve Bank of India (RBI) building in New Delhi, March 2, 2016. REUTERS/Anindito Mukherjee/Files

The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points to 6.50 percent on Tuesday, reducing it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign.  Full Article 

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RBI cuts rates to lowest since 2011, banks given liquidity comfort

MUMBAI The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points to 6.50 percent on Tuesday, reducing it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign.

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Expert views: RBI cuts policy rate by 0.25 percent

MUMBAI The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 percent on Tuesday, making a widely expected first reduction since September to bring the rate to its lowest in more than five years.

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Bond market, rupee gain on rate cut, and RBI's moves to ensure liquidity

MUMBAI The bond market gained after the Reserve Bank of India (RBI) cut the key policy repo rate by 25 basis points while announcing measures to ensure more availability of cash in the banking system.

Rajan says RBI focused on pace of policy transmission

MUMBAI/NEW DELHI Reserve Bank of India Governor Raghuram Rajan said on Tuesday the focus should be on how to ensure banks bring down their lending rates, rather than on debating how many rate cuts the central bank should be delivering.

Rajan Speaks

  • Borrowing rates are coming down significantly in the economy
  • Effects of liquidity measures will help policy rate transmission
  • Have made enabling changes to move to 14-day operating repo target with policy changes
  • Deposit growth at 9-9.5 pct is reasonable, nothing to be "sneezed at"
  • Have asked banks to take action as soon as they initiate strategic debt restructuring instead of waiting

Rajan On Liquidity

  • Will estimate over next 12 months how much durable liquidity we want to infuse in the economy
  • Regardless of short term liquidity, we will infuse that durable liquidity every month
  • Infusing liquidity could come in form of buying foreign assets or domestic assets