mid quarter

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

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Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

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RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

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RBI cuts growth forecast to 6.5 percent, warns on inflation


July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...

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Sensex jumps 304 points ahead of RBI policy review (Lead)


July 30th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied nearly two percent Monday, the biggest gain in almost a month, led by strong buying support in ... Read more...

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Sensex rallies 250 points ahead of RBI policy review


July 30th, 2012 - 3:25 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied over 1.5 percent in the afternoon trading Monday, led by strong buying support in interest rate sensitive ... Read more...

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Inflation, fiscal deficit leave little room for rate cut


July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...

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Inflation too high, says RBI; defends tight money policy (Lead)


June 19th, 2012 - 10:26 pm ICT by IANS
Mumbai, June 19 (IANS) Reserve Bank of India Governor Duvvuri Subbarao Tuesday said inflation is still above the acceptable level and it cannot be brought down without monetary tightening and ... Read more...

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Sensex gains 272 points on rate cut hope, global cues (Lead)


June 15th, 2012 - 6:55 pm ICT by IANS
Mumbai, June 15 (IANS) Backed by firm global cues, a benchmark index of Indian equities markets Friday gained 272 points on hopes of a rate-cut by the Reserve Bank ... Read more...

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Sensex plunges over 200 points on inflation data (Lead)


June 14th, 2012 - 6:41 pm ICT by IANS
New Delhi, June 14 (IANS) A benchmark index for Indian equities markets Thursday plunged more than 200 points after data showed that the country's inflation rose 7.55 percent in ... Read more...

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Sensex closes flat ahead of inflation data (Lead)


June 13th, 2012 - 7:09 pm ICT by IANS
Mumbai, June 13 (IANS) A benchmark index for Indian equities markets Wednesday closed flat in choppy trade ahead of inflation data for May which will be out Thursday.The 30-scrip ... Read more...

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Sensex 194 points up on rates cut hope (Lead)


June 12th, 2012 - 6:34 pm ICT by IANS
Mumbai, June 12 (IANS) A benchmark index of Indian equities markets Tuesday gained as much as 194.79 points amid hopes of a rates cut by the Reserve Bank of ... Read more...

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Union budget: Growth, fiscal consolidation top challenges


March 15th, 2012 - 9:36 pm ICT by IANS
New Delhi, March 15 (IANS) Finance Minister Pranab Mukherjee will present the budget for 2012-13 Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing ... Read more...

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Sensex closes 243.45 points lower (Second Lead)


March 15th, 2012 - 9:10 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities closed in the red Thursday, with a benchmark index slipping 238 points as investors were disappointed after the Reserve Bank of India (RBI) ... Read more...

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RBI mid-quarter policy review highlights


March 15th, 2012 - 1:28 pm ICT by IANS
Mumbai, March 15 (IANS) Highlights of the Reserve Bank of India (RBI) mid-quarter review of monetary policy announced Thursday:- Key policy rates kept unchanged: repo rate remains steady at 8.5 ... Read more...

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RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

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Sensex closes January with 11 percent gain, best in 16 months (Roundup)


January 31st, 2012 - 7:10 pm ICT by IANS
Mumbai, Jan 31 (IANS) A benchmark index for Indian equities rallied 336 points to close January with a whopping 11.24 percent gain -- the best monthly performance since September ... Read more...

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India’s central bank infuses more money in system


January 24th, 2012 - 2:41 pm ICT by IANS
New Delhi, Jan 24 (IANS) After nearly two years of tight check on money supply to tame inflation, India's central bank took steps Tuesday to infuse more liquidity in the ... Read more...

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Highlights of the third quarter review of monetary policy


January 24th, 2012 - 2:41 pm ICT by IANS
Mumbai, Jan 24 (IANS) The following are the highlights of the third quarter review of the monetary policy unveiled by the Reserve Bank of India Tuesday:-- Cash reserve ratio lowered ... Read more...

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India’s central bank halts rate hikes on lower inflation (Lead)


December 16th, 2011 - 3:22 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to ... Read more...

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Rate pause will help regain growth momentum: Pranab


December 16th, 2011 - 2:57 pm ICT by IANS
New Delhi, Dec 16 (IANS) The Reserve Bank of India's decision to keep key rates unchanged will help improve business sentiments and regain economic growth momentum, Finance Minister Pranab ... Read more...

Posted in Business |

India’s central bank hits pause button on rate hikes


December 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to spur growth, ... Read more...

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RBI may not hike rates as growth slows


December 15th, 2011 - 3:17 pm ICT by IANS
New Delhi, Dec 15 (IANS) Industrial production dipping into the negative and growth slowing down will play a major role in the Reserve Bank of India's decision on key interest ... Read more...

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RBI may revise inflation projection


December 8th, 2011 - 9:57 pm ICT by IANS
Kolkata, Dec 8 (IANS) Stating that it had already factored in rupee depreciation and soaring crude oil prices into its projection of 7 percent overall inflation by March next year, ... Read more...

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Will check rupee fall: RBI


December 8th, 2011 - 7:53 pm ICT by IANS
Kolkata, Dec 8 (IANS) Expressing concern over the recent rupee depreciation, the country's apex bank Thursday said it will take whatever measures were needed to check the fall of the ... Read more...

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Inflation-focussed RBI hikes rates again, may hold off another revision


October 25th, 2011 - 5:57 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday hiked key interest rates by 25 basis points -- the 13th straight increase to curb inflation -- but added ... Read more...

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After petrol prices, higher interest rates set to bite


September 16th, 2011 - 7:23 pm ICT by IANS
Mumbai, Sep 16 (IANS) India's central bank Friday hiked key rates by 25 basis points in the 12th such exercise since January 2010 to tame stubborn inflation, setting the ... Read more...

Posted in Business |

After petrol price hike, brace for higher interest on loans


September 16th, 2011 - 11:44 am ICT by IANS
Mumbai, Sep 16 (IANS) After a steep hike in petrol prices, the stage appears set for interest to go up on automobile, housing and corporate loans with the Reserve Bank ... Read more...

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After poor factory output, India’s inflation nudging double-digit


September 14th, 2011 - 7:59 pm ICT by IANS
New Delhi, Sep 14 (IANS) India's annual inflation rate for August inched closer towards double digits, fuelling speculation that the central bank may hike key rates again for the ... Read more...

Posted in Business |

Highlights of Indian central bank’s monetary policy update


July 26th, 2011 - 1:25 pm ICT by IANS
Mumbai, July 26 (IANS) Following are the highlights of monetary policy update conducted by Reserve Bank of India (RBI) Governor D. Subbarao that saw key rates hiked by a steep ... Read more...

Posted in Business |

Interest rate hike will hurt growth, fears FICCI


June 15th, 2011 - 6:17 pm ICT by IANS
New Delhi, June 15 (IANS) An industry chamber Wednesday urged the country's central bank not to raise interest rates as any further such hike would dampen business sentiments and hurt ... Read more...

Posted in Business |

India’s central bank likely to raise rates Thursday


June 15th, 2011 - 5:18 pm ICT by IANS
New Delhi, June 15 (IANS) The Reserve Bank of India (RBI) is likely to effect another interest rate hike - a move that will make consumer and commercial loans costlier ... Read more...

Posted in Business |

No respite from inflation, rises to 9.06 percent in May (Lead)


June 14th, 2011 - 7:15 pm ICT by IANS
New Delhi, June 14 (IANS) The Indian policy makers' duel with inflation is going to continue, at least for some more months, as latest data Tuesday showed that annual ... Read more...

Posted in Business |

Sensex ends with modest gains, traders watchful before RBI policy (Roundup)


June 14th, 2011 - 6:53 pm ICT by IANS
Mumbai, June 14 (IANS) A benchmark index for Indian equities markets closed Tuesday with marginal gains on a range bound trading day with investors waiting cautiously for the mid-quarter ... Read more...

Posted in Business |

No respite from inflation, rises to 9.06 percent in May


June 14th, 2011 - 1:40 pm ICT by IANS
New Delhi, June 14 (IANS) The Indian policy makers' duel with inflation is going to continue, at least for some more months, as latest data Tuesday showed that annual inflation ... Read more...

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