NEW DELHI/MUMBAI The Reserve Bank of India (RBI) will probably conduct at least one more swap of rupees for dollars after the general election, said three officials with direct knowledge of the plan, part of an effort to support economic growth.
MUMBAI The Reserve Bank of India's surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say.
MUMBAI The Reserve Bank of India on Tuesday set a cut-off at its second dollar/rupee swap auction at a much higher than expected premium, in a sign that the system is flush with dollar liquidity that banks are struggling to find buyers for.
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.
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 More than 100 economists and social scientists have alleged that the Indian government is interfering with the country's statistics-gathering agencies, putting their work "under a cloud".
MUMBAI A tax cut by India to help the country's troubled housing sector should boost home sales, but by itself will not be enough to put cash-short developers on more solid ground, say industry executives.
MUMBAI India's cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector.
MUMBAI The Reserve Bank of India (RBI) on Thursday unexpectedly lowered interest rates and, as anticipated, changed its policy stance to "neutral" to boost a slowing economy after a sharp slide in the inflation rate.
India's ruling Bharatiya Janata Party (BJP) is confident of doing well at this year's general election despite the party's recent losses in state polls, Prime Minister Narendra Modi said in an interview with Reuters partner ANI on Tuesday.