rate hikes

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...

Posted in Business |

ADB sees Indian economy growing at 7 percent


April 11th, 2012 - 7:38 pm ICT by IANS
New Delhi, April 11 (IANS) India's economic growth is likely to rise marginally to 7 percent this fiscal from 6.9 logged in 2011-12 as global conditions stabilise, the Asian Development ... Read more...

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Foreign funds pump in over $1.16 bn till Jan 20


January 22nd, 2012 - 4:54 pm ICT by IANS
Mumbai, Jan 22 (IANS) Indian equities markets have started off well in 2012 with benchmark indices rallying over 8 percent in just three weeks on increased investor confidence and ... Read more...

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Foreign funds sell over $260 mn in equities during week


December 18th, 2011 - 3:50 pm ICT by IANS
Mumbai, Dec 18 (IANS) With Indian equities markets in a firm bearish grip because of slowing domestic growth and bleak global economic conditions, foreign funds pulled out over $260 ... Read more...

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With inflation easing, India’s central bank halts rate hikes (Roundup)


December 16th, 2011 - 7:32 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, shifting its stance from taming inflation ... 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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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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As factory output shrinks, India Inc. demands lower interest rates (Roundup)


December 12th, 2011 - 7:32 pm ICT by IANS
New Delhi, Dec 12 (IANS) India's industrial output contracted to minus-5.1 percent in October according to data released Monday, slipping more than expected and sparking off fears of a ... Read more...

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As industrial output contracts, industry clamours for lowering rates


December 12th, 2011 - 5:51 pm ICT by IANS
New Delhi, Dec 12 (IANS) India Inc Monday called for gradual easing of monetary policy and incentivising investment after industrial production saw a staggering decline in October, with official ... Read more...

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October industrial output slumps to minus-5.1 percent


December 12th, 2011 - 1:58 pm ICT by IANS
New Delhi, Dec 12 (IANS) India's industrial production saw a staggering decline in October, with official figures released Monday showing a negative growth of 5.1 percent in output mainly owing ... Read more...

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RBI hints at more monetary action to curb inflation


November 22nd, 2011 - 8:25 pm ICT by IANS
Hyderabad, Nov 22 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Tuesday did not rule out further monetary action to curb inflation.He said monetary steps may be warranted in ... Read more...

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Rising interest rates affect industrial output, lowest in over 2 years


November 11th, 2011 - 5:33 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's industrial output fell sharply in September at 1.9 percent, official data showed Friday, growing the slowest in over two years as rising interest rates ... 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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Business confidence on the decline: CII


October 23rd, 2011 - 11:08 am ICT by IANS
New Delhi, Oct 23 (IANS) Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, ... Read more...

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Respite from inflation by year-end: PM


October 20th, 2011 - 12:32 am ICT by IANS
On Board Air India One, Oct 19 (IANS) Prime Minister Manmohan Singh Wednesday assured all steps to tame inflation, but refused to be drawn into the debate whether the ... Read more...

Posted in Politics |

Prime Minister meets top officials on curbing inflation


October 15th, 2011 - 7:51 pm ICT by IANS
New Delhi, Oct 15 (IANS) Prime Minister Manmohan Singh Saturday met top policymakers seeking ways to curb inflation which has been hovering close to double-digits for almost 9 ... Read more...

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Bill to help banks recover dues to be introduced in winter session


October 13th, 2011 - 5:26 pm ICT by IANS
New Delhi, Oct 13 (IANS) The government Thursday approved the introduction of a bill in the winter session of parliament, which will help banks improve their debt recovery process and ... Read more...

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Hope prices come down, Pranab wishes on Bijaya Dasami


October 6th, 2011 - 9:20 pm ICT by IANS
Birbhum (West Bengal), Oct 6 (IANS) Wishing the people a happy 'Bijaya Dasami', union Finance Minister Pranab Mukherjee Thursday hoped that prices of essentials would come down and the ... Read more...

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Economists divided on impact of rate hikes on India’s growth


September 20th, 2011 - 12:59 pm ICT by IANS
Kolkata, Sep 20 (IANS) Economists have started to question the hawkish stance of India's central bank that has seen as many as 12 rate hikes in the past 20 months, ... Read more...

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Rate hikes not curbing inflation, only hampering growth: Industry


September 16th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 16 (IANS) Successive rate hikes by the Reserve Bank of India (RBI) have not helped in tackling soaring inflation but have only hampered growth, leading industry ... Read more...

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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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To tackle inflation, Reserve Bank expected to hike rates


September 15th, 2011 - 6:49 pm ICT by IANS
Mumbai, Sep 15 (IANS) The Reserve Bank of India (RBI) is widely expected to hike interest rates for the 12th time since January last year when it meets Friday, as ... Read more...

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July factory output slowest in 21 months, eyes on rate hike


September 12th, 2011 - 7:27 pm ICT by IANS
New Delhi, Sep 12 (IANS) A sharp fall in capital goods production and overall manufacturing sector resulted in India's factory output in July growing at its slowest pace in 21 ... Read more...

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India’s growth may temper to 7 percent, rate hikes to go on: Deloitte


September 1st, 2011 - 4:14 pm ICT by IANS
New Delhi, Sep 1 (IANS) The Reserve Bank of India is expected to continue with the rate hikes until inflation comes down to around 6 percent, while economic growth could ... Read more...

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Inflation will ease in 2011-12’s second half: Minister


August 23rd, 2011 - 9:55 pm ICT by IANS
New Delhi, Aug 23 (IANS) Monetary tightening and easing demand-side pressure would help moderate inflation in the second half of the current fiscal, Minister of State for Finance Namo Narain ... Read more...

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Inflation eases to 9.22 percent in July (Lead)


August 16th, 2011 - 7:21 pm ICT by IANS
New Delhi, Aug 16 (IANS) Inflation based on wholesale price index declined marginally to 9.22 percent in July, the lowest level in eight months, from 9.44 percent in the ... Read more...

Posted in Business |

Government banks on monsoon, rate hikes to tame inflation


August 16th, 2011 - 6:15 pm ICT by IANS
New Delhi, Aug 16 (IANS) The government is hopeful that the series of rate hikes by the Reserve Bank of India (RBI) and good monsoon would help moderate inflationary ... Read more...

Posted in Business |

RBI wants to reduce inflation to 6-7 percent


August 12th, 2011 - 10:17 pm ICT by IANS
Kolkata, Aug 12 (IANS) The Reserve Bank of India is looking at bringing down inflation to 6-7 percent in the immediate term, and to between 3-4 percent in the longer ... Read more...

Posted in Business |

Police rates hiked to tame inflation: RBI


August 12th, 2011 - 7:17 pm ICT by IANS
New Delhi, Aug 12 (IANS) Inflation would have spiralled out of control had the Reserve Bank of India (RBI) not adopted an aggressive monetary tightening policy and hiked the key ... Read more...

Posted in Uncategorized |

India’s exports may falter due to global economic turmoil: FICCI


August 7th, 2011 - 6:58 pm ICT by IANS
New Delhi, Aug 7 (IANS) India's exports may get affected in the wake of a slowdown in major economies across the world led by the US, which saw its economy ... Read more...

Posted in Business |

Berger Paints to infuse Rs.100 crore to hike production


August 2nd, 2011 - 11:30 pm ICT by IANS
Kolkata, Aug 2 (IANS) Aiming to double its installed capacity in the next two fiscals, Berger Paints plans to pump in Rs.100 crore in 2011-12 to ramp up production, a ... Read more...

Posted in Business |

Key remarks by Pranab Mukherjee


July 27th, 2011 - 8:31 pm ICT by IANS
Following is the thrust of Finance Minister Pranab Mukherjee's media interaction Wednesday:* We have finalised some important legislations* Reforms process on track* We have signed 16 agreements to ... Read more...

Posted in Business |

RBI may hike rates again if inflation remains high: Pranab


July 27th, 2011 - 5:45 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee said Wednesday the Reserve Bank of India might hike policy rates again as inflation was unlikely to come ... Read more...

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Rate hike will bring down inflation to 6 percent: Pranab


July 26th, 2011 - 4:52 pm ICT by IANS
New Delhi, July 26 (IANS) The Reserve Bank of India's (RBI) aggressive monetary tightening measures would help bring down inflation to a comfortable level of six to seven percent ... Read more...

Posted in Business |

Inflation prompts India’s central bank to hike rates again


July 26th, 2011 - 12:41 pm ICT by IANS
Mumbai, July 26 (IANS) India's central bank Tuesday hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting ... Read more...

Posted in Business |

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