monetary policy

Retail inflation rises to 10.3 percent in August


September 18th, 2012 - 3:37 pm ICT by IANS
New Delhi, Sep 18 (IANS) India's retail inflation rose to double digits at 10.3 percent in August as compared to 9.86 percent in the previous month owing to a sharp ... Read more...

Posted in Business |

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...

Posted in Business |

Inflation rises to 7.55 percent in August


September 14th, 2012 - 3:45 pm ICT by IANS
New Delhi, Sep 14 (IANS) India's inflation soared to 7.55 percent in August compared to 6.87 percent in July, largely driven by a sharp hike in prices of food items, ... Read more...

Posted in Business |

Factory output dips by 1.8 percent in June (Roundup)


August 9th, 2012 - 8:23 pm ICT by IANS
New Delhi, Aug 9 (IANS) India's industrial output dropped 1.8 percent in June, the third time in four months, due to a sharp contraction in manufacturing production, government data ... Read more...

Posted in Business |

South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

Posted in Business |

Economic growth will fall below 6 percent: Kaushik Basu


July 31st, 2012 - 6:35 pm ICT by IANS
New Delhi, July 31 (IANS) India's economic growth will fall below 6 percent in the first half of the current fiscal but would pick up thereafter and inflation would moderate ... Read more...

Posted in Business |

Indian economy to grow 6 to 6.5 percent in 2012-13: Montek


July 31st, 2012 - 3:39 pm ICT by IANS
New Delhi, July 31 (IANS) Indian economy is expected to grow by 6 to 6.5 percent in the current financial year and would take at least two years to reverse ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation persists


July 31st, 2012 - 1:56 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 of rates would aggravate inflationary pressure.In ... Read more...

Posted in Business |

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...

Posted in Business |

Inflation eases to 7.25 percent; food prices remain high (Lead)


July 16th, 2012 - 8:01 pm ICT by IANS
New Delhi, July 16 (IANS) India's headline inflation fell to a five-month low of 7.25 percent in June as compared to 7.55 percent in the previous month, but general food ... Read more...

Posted in Business |

Infosys fears euro could collapse


July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...

Posted in Business |

Still ‘chasing the monsoon’ to lift India’s fortune


July 2nd, 2012 - 5:58 pm ICT by IANS
New Delhi, July 2 (IANS) No other weather phenomenon, perhaps, captures the attention of Indians as does monsoon, a shortfall of which can not just send the economy reeling, ... Read more...

Posted in Health Science |

Brazilian central bank lowers growth forecast


June 29th, 2012 - 1:35 pm ICT by IANS
Brasilia, June 29 (IANS) Brazil's Central Bank (CB) continued its downward adjustment of projected growth, lowering its forecast for 2012 Gross Domestic Product (GDP) expansion from 3.5 percent to 2.5 ... Read more...

Posted in Business |

‘India must cut subsidies, push reforms to defend rupee’


June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...

Posted in Business |

Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)


June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...

Posted in Business |

Rupee in free fall, slips below 57 against dollar


June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...

Posted in Business |

Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...

Posted in Business |

India’s potential growth rate has come down: RBI


June 19th, 2012 - 8:55 pm ICT by IANS
Mumbai, June 19 (IANS) A day after keeping the key policy rates steady, the central bank Tuesday said India's potential of maintaining a high economic growth has come down."Potential growth ... Read more...

Posted in Business |

Disconnect among government, RBI: BJP


June 18th, 2012 - 11:49 pm ICT by IANS
New Delhi, June 18 (IANS) Slamming the government for "mismanagement" of the economy, the Bharatiya Janata Party said Monday the Reserve Bank of India's decision to keep lending rates ... Read more...

Posted in Politics |

Sensex closes 244 points down as RBI rate cut hopes fade (Second Lead)


June 18th, 2012 - 5:48 pm ICT by IANS
Mumbai, June 18 (IANS) A benchmark index of Indian equities markets Monday closed the day's trade down 244 points at 16,705.83 points, as hopes of a rate-cut by the ... Read more...

Posted in Business |

Sensex drops 162.32 points as RBI rate cut hope fades away


June 18th, 2012 - 3:34 pm ICT by IANS
Mumbai, June 18 (IANS) A benchmark index of Indian equities markets was Monday down 162.32 points around 1.00 p.m. and stood at 16,787.51 points, as hopes of a rate-cut ... Read more...

Posted in Business |

RBI expected to cut key lending rates to spur growth


June 17th, 2012 - 6:04 pm ICT by IANS
Mumbai, June 17 (IANS) In a bid to spur growth and boost consumer sentiment, India's central bank is expected to cut key lending rates by 25-50 basis points in ... Read more...

Posted in Uncategorized |

RBI will adjust monetary policy to spur growth: Pranab (Roundup)


June 16th, 2012 - 7:28 pm ICT by IANS
Mumbai, June 16 (IANS) Finance Minister Pranab Mukherjee Saturday exuded confidence that the Reserve Bank of India would "adjust" the monetary policy to ease macro-economic concerns of slow growth ... Read more...

Posted in Business |

Sensex hits one-month high on strong global cues (Lead)


June 7th, 2012 - 6:45 pm ICT by IANS
New Delhi, June 7 (IANS) Aided by positive global cues, a benchmark index of Indian equities markets made gains for the second straight day Thursday, closing at a one-month ... Read more...

Posted in Business |

SBI lowers deposit rates by 0.25 percent


June 7th, 2012 - 5:57 pm ICT by IANS
Mumbai, June 7 (IANS) The country's largest lender State Bank of India (SBI) Thursday announced lowering of interest rates by 0.25 percent on term deposits of select maturity period, ... Read more...

Posted in Business |

Sensex rallies 175 points on rate cut hopes


June 7th, 2012 - 3:31 pm ICT by IANS
Mumbai, June 7 (IANS) A benchmark index of Indian equities markets was trading over one percent higher in the afternoon session Thursday, after registering the sharpest rally in six ... Read more...

Posted in Business |

Bank of Canada holds benchmark interest rate


June 6th, 2012 - 3:00 pm ICT by IANS
Ottawa, June 6 (IANS) Canada's central bank has kept its benchmark interest rate at 1 percent, which has been unchanged since September 2010, the longest period it has stayed neutral ... Read more...

Posted in Business |

South Africa’s economic prospect modest


May 31st, 2012 - 2:43 pm ICT by IANS
Johannesburg, May 31 (IANS) South Africa would maintain modest economic growth this year, with an expectation of a gradual recovery in domestic demand and supply, said the Reserve Bank.The household ... Read more...

Posted in Business |

World Bank sees slower growth in East Asia


May 23rd, 2012 - 1:59 pm ICT by IANS
Washington, May 23 (IANS) The economic growth of East Asia remains robust but is losing steam, and the region should shift further from relying on exports to spurring domestic consumption, ... Read more...

Posted in Business |

US consumer prices flat


May 16th, 2012 - 1:12 pm ICT by IANS
Washington, May 16 (IANS) US consumer prices were flat in April, largely because of a decline in gas prices, the Labor Department reported.The Consumer Price Index (CPI), which tracks inflation ... Read more...

Posted in Uncategorized |

Inflation accelerates to 7.23 percent in April


May 14th, 2012 - 2:47 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation rose faster-than-expected to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

India’s industrial output contracts by 3.5 percent in March


May 11th, 2012 - 3:00 pm ICT by IANS
New Delhi, May 11 (IANS) India's industrial output shrank by 3.5 percent in March due to poor show of manufacturing and mining sectors, dampening hope for any early revival of ... Read more...

Posted in Business |

IMF seeks Myanmar to continue with economic reforms


May 9th, 2012 - 5:17 am ICT by IANS
Washington, May 9 (IANS) The International Monetary Fund (IMF) has urged Myanmar to keep on carrying out economic reforms to tackle development challenges and unleash its potential for growth.IMF's executive ... Read more...

Posted in Uncategorized |

Australian inflation marginally up in April


April 30th, 2012 - 1:50 pm ICT by IANS
Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 percent in April ... Read more...

Posted in Uncategorized |

US Fed hints at new steps to boost recovery


April 26th, 2012 - 3:40 am ICT by IANS
Washington, April 26 (IANS) US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further ... Read more...

Posted in Business |

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