RBI Policy Review

RBI makes surprise early rate cut

The Reserve Bank of India (RBI) Governor Raghuram Rajan listens to a question during a news conference after the bi-monthly monetary policy review in Mumbai September 30, 2014. REUTERS/Danish Siddiqui/Files

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 


RBI rate cut will help revive investment cycle - Jaitley

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.


Rajan's rate-cut message to Modi: Now fix the budget

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.


Rate cut indicates shift in monetary policy stance: Subramanian

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.


Finance ministry welcomes RBI rate cut as inflation drops

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.


Fitch says India rate cut doesn't change sovereign credit profile

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.


Rate cut signals start of a low interest rate regime - trade minister

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.


Expert views: RBI unexpectedly cuts interest rates

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.


Rate cut a start but we need more, says business

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.


Households' inflation expectations ease: RBI survey

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.