MUMBAI India's interest rate setting panel expressed concerns over a slowing economy, according to minutes of its latest monetary policy meeting released on Thursday, even as a few said they feared a bounce-back in inflation.
Jet Airways plans to extend its suspension of international flights until Thursday having not received any interim funding from lenders, the company said in a letter to employees on Monday.
MUMBAI Indian companies are lining up to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain wary about the credit quality of many, bankers say.
MUMBAI The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy just a week before voting begins in an election that will decide whether Prime Minister Narendra Modi gets a second term.
MUMBAI/NEW DELHI The Reserve Bank of India is likely to cut its policy interest rate by 25 basis points on Thursday, despite some analysts believing the country's weakening economic growth and subdued inflation outlook warrant a larger reduction.
MUMBAI India's key external parameters weakened in October-December on higher imports and dollar outflows, pushing the current account deficit wider and balance of payments into the red from the previous year, Reserve Bank of India data showed on Friday.
MUMBAI The Reserve Bank of India on Tuesday set 7.76 rupees premium for its first dollar/rupee three-year buy-sell swap auction and accepted the entire planned $5 billion on sale.
CHINCHOLI, India A few years ago, in this sweltering corner of western India, the horizon was dotted with hunched, barefoot women swinging sickles all day to cut wheat for the spring harvest.
MUMBAI Economists raised concerns over a sharp slowdown in Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank of India (RBI) chief on Tuesday, according to three participants.
* India cenbank keen to gauge dlr/INR swap sale response -