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India

RBI Policy Review

Sensex, Nifty fall more than 1 percent

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Indian shares closed more than 1 percent lower on Wednesday, as signs that the U.S. presidential race was tightening rattled global investor sentiment, sending Asian shares to seven-week lows and weakening the dollar.

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Monetary Policy Committee eyed growth concerns; took solace in low inflation - minutes

MUMBAI The minutes of the Indian central bank's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation spurred the bank's recent rate cut decision.

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FACTBOX: India's Monetary Policy Committee minutes of meeting

The minutes of India's newly appointed Monetary Policy Committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation, spurred the bank's recent rate cut decision.

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RBI's new regime cuts rates

MUMBAI India's newly minted monetary policy committee delivered a surprise 25-basis-point cut in the repo rate on Tuesday to 6.25 percent, as Reserve Bank of India Governor Urjit Patel presided over his first policy review since his appointment last month.

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Expert Views: India's monetary policy panel pares rates as new governor takes stage

India's newly appointed monetary policy committee delivered a surprise 25-basis-point cut in the repo rate to 6.25 percent on Tuesday, as Reserve Bank of India Governor Urjit Patel presided over his first policy review since his appointment last month.