RBI Policy Review
The Reserve Bank of India (RBI) surprised markets with a 25 basis point reduction in interest rates on Thursday and signalled it could cut further, amid signs of cooling inflation and what it said was a government commitment to contain the fiscal deficit. Full Article
NEW DELHI - The Reserve Bank of India's 25 basis point cut in interest rates will help revive capital investments in Asia's third-largest economy, Finance Minister Arun Jaitley said on Thursday.
MUMBAI/NEW DELHI - 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.
NEW DELHI - The inter-meeting rate cut by the Reserve Bank of India (RBI) indicates a shift in its monetary policy stance, the finance ministry's chief economic adviser Arvind Subramanian said on Thursday.
NEW DELHI - The finance ministry welcomed an inter-meeting rate cut by Reserve Bank of India (RBI) on Thursday, saying it reflected easing inflation concerns and vindicated the government's efforts to achieve economic growth without stoking inflation.
MUMBAI - The Reserve Bank of India's unexpected 25 basis points rate cut does not change the country's sovereign credit profile, an analyst at Fitch Ratings told Reuters on Thursday.
NEW DELHI - The Reserve Bank of India's move to cut interest rates by 25 basis points signals the beginning of a low interest rate regime, the trade minister said on Thursday.
MUMBAI - 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.
MUMBAI/DELHI - Businesses, saddled with crippling costs of capital, urged the RBI to move boldly after its rate cut on Thursday, with some demanding easing of a full percentage point in the next six months to fuel a recovery.
MUMBAI - The Reserve Bank of India's quarterly survey on inflation showed households expect a much lower rate of consumer inflation, validating the central bank's unexpected decision to cut interest rates earlier on Thursday.
The Reserve Bank of India surprised markets with an unexpected 25 basis point cut in interest rates and signalled it could do more. Following is a timeline of changes to the repo rate since June 2000. Full Article
Raghuram Rajan's first rate cut is just one of the several that investors will expect from India's central bank governor this year. The quarter-percentage-point decrease won't revive a sluggish economy overnight. But the unscheduled decision is not a one-off, writes Andy Mukherjee. Full Article