repo rates

RBI governor meets Mukherjee ahead of policy review


April 3rd, 2012 - 7:15 pm ICT by IANS
New Delhi, April 3 (IANS) Reserve Bank of India Governor D. Subbarao Tuesday met Finance Minister Pranab Mukherjee to discuss the macro-economic situation, two weeks ahead of the monetary ... Read more...

Posted in Business |

CRR cut will ease liquidity problems, says Pranab


January 24th, 2012 - 7:57 pm ICT by IANS
New Delhi, Jan 24 (IANS) The Reserve Bank of India's (RBI) decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity ... Read more...

Posted in Business |

Realty industry slams repo rate hike


October 25th, 2011 - 8:14 pm ICT by IANS
Mumbai, Oct 25 (IANS) Top players from the realty sector have reacted sharply to the fresh hike in repo rates announced by the Reserve Bank of India Tuesday.The Maharashtra Chamber ... Read more...

Posted in Business |

Sri Lanka’s central bank keeps monetary policy unchanged


October 11th, 2011 - 2:32 pm ICT by IANS
Colombo, Oct 11 (IANS) Citing strong economic growth, Sri Lanka's Central Bank has decided to leave its monetary policy and repo rates for October unchanged, the bank said in a ... Read more...

Posted in Business |

Interest rate hike won’t curb inflation, says BJP


July 27th, 2011 - 7:57 pm ICT by IANS
New Delhi, July 27 (IANS) Contending that the interest rate hike by the Reserve Bank of India will not help curb inflation, the Bharatiya Janata Party said the government ... Read more...

Posted in Politics |

Rate hike will hurt growth, feels India Inc


July 26th, 2011 - 7:26 pm ICT by IANS
New Delhi, July 26 (IANS) Disappointed over the Reserve Bank of India's decision to hike policy rates for the 11th time in 15 months, India Inc warned Tuesday that ... Read more...

Posted in Business |

Growth may moderate, inflation a major challenge: Pranab (Lead)


June 17th, 2011 - 9:30 pm ICT by IANS
New Delhi, June 17 (IANS) The monetary tightening policy pursued by the Reserve Bank of India might moderate growth in short-term even as controlling inflation remains a major challenge ... Read more...

Posted in Business |

Monetary tightening may moderate growth: Mukherjee


June 17th, 2011 - 1:53 pm ICT by IANS
New Delhi, June 17 (IANS) Continued monetary tightening by the Reserve Bank of India might moderate growth in the short-term but the long-term prospects remained buoyant, Finance Minister Pranab ... Read more...

Posted in Business |

Volatile crude prices a challenge for inflation-hit India: Pranab


May 5th, 2011 - 8:52 pm ICT by IANS
Hanoi, May 5 (IANS) Finance Minister Pranab Mukherjee Thursday said that recent volatility in global prices of crude and food items was a challenge for India, which was already ... Read more...

Posted in Business |

Industry needs credit to boost growth: Anand Sharma


May 3rd, 2011 - 8:03 pm ICT by ANI
New Delhi, May 3 (ANI): Echoing the opinion of several industry experts on the hike in interest rates by the Reserve Bank of India (RBI) on Tuesday, Commerce Minister Anand Sharma said ... Read more...

Posted in National |

Increase in policy rates a necessary step to tame inflation: Pranab Mukherjee


May 3rd, 2011 - 5:13 pm ICT by ANI
New Delhi, May 3 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday said the sharp increase in repo rate and reverse repo rate by 50 basis points was a necessary step ... Read more...

Posted in National |

Inflation forces another rate hike by India’s central bank (Second Lead)


May 3rd, 2011 - 4:44 pm ICT by IANS
Mumbai, May 3 (IANS) Laying emphasis on curbing inflation over growth, India's central bank hiked its short-term lending rate by 50 basis points and said in a major policy ... Read more...

Posted in Business |

Rate hikes will help curb price rise, says Pranab


March 17th, 2011 - 7:22 pm ICT by IANS
New Delhi, March 17 (IANS) Finance Minister Pranab Mukherjee said Thursday the Reserve Bank of India's move to hike key policy rates by 25 basis points would help curb ... Read more...

Posted in Business |

Rising cost of capital to hit manufacturing growth


March 15th, 2011 - 4:38 pm ICT by IANS
New Delhi, March 15 (IANS) The rising cost of capital due to monetary tightening measures by the country's central bank will hit the manufacturing sector's growth in the fourth quarter ... Read more...

Posted in Business |

Sensex closes 117 points down, banking stocks fall over rate hike (Roundup)


February 23rd, 2011 - 6:43 pm ICT by IANS
Mumbai, Feb 23 (IANS) A benchmark index for Indian equities markets Wednesday closed 117 points lower as selling intensified in the last hour of trade. Banking stocks led the losers pack ... Read more...

Posted in Business |

Mukherjee appreciates Reserve Bank of India’s Monetary Policy Review


November 2nd, 2010 - 10:42 pm ICT by ANI
New Delhi, Nov.2 (ANI): Commending the Monetary Policy Review by the Reserve Bank of India, Union Finance Minister Pranab Mukherjee said on Tuesday that the changes announced by the RBI complement ... Read more...

Posted in National |

Inflation rate to fall to 5.5 percent by fiscal end: Rangarajan


September 23rd, 2010 - 10:06 pm ICT by IANS
Chennai, Sep 23 (IANS) The rate of inflation is expected to fall to 5.5 percent by the end of this fiscal. By December, the inflation will be around 6.5 percent, down from ... Read more...

Posted in Business |

Rate hike will hurt: Industry


July 27th, 2010 - 6:57 pm ICT by IANS
New Delhi, July 27 (IANS) India Inc Tuesday said the Reserve Bank of India's decision to raise the reverse repo rates by 50 basis points (bps) would hurt the manufacturing sector. The ... Read more...

Posted in Business |

RBI raises repo rate by 25 bps, reverse repo by 50 bps


July 27th, 2010 - 4:28 pm ICT by ANI
Mumbai, July 27 (ANI): The Reserve Bank of India (RBI) on Tuesday raised short term lending or repo rate by 0.25 percentage points. It will be now 5.75 per cent.The short-term ... Read more...

Posted in Business |

RBI, finance ministry policies converge in the long term


July 4th, 2010 - 9:10 pm ICT by IANS
Kolkata, July 4 (IANS) The Reserve Bank of India Sunday defended its decision to raise key short-term lending and borrowing rates to contain inflation, refuting the argument that the apex ... Read more...

Posted in Business |

Pranab Mukherjee refuses any rollback of fuel price


July 4th, 2010 - 7:45 pm ICT by ANI
New Delhi, July 4 (ANI): Finance Minister Pranab Mukherjee on Sunday ruled out rollback of fuel prices ahead of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) shutdown on Monday."No ... Read more...

Posted in National |

No question of fuel price roll back: Pranab (Lead)


July 4th, 2010 - 7:12 pm ICT by IANS
Kolkata, July 4 (IANS) A day before a countrywide shutdown called by opposition parties, including the Left, on the fuel price hike, union Finance Minister Pranab Mukherjee Sunday brushed off any ... Read more...

Posted in Business |

No question of fuel price rollback: Pranab


July 4th, 2010 - 4:16 pm ICT by IANS
Kolkata, July 4 (IANS) The government has no intention of rolling back the fuel price hike, Finance Minister Pranab Mukherjee said here Sunday. "There is no question of a roll back," Mukherjee ... Read more...

Posted in Business |

RBI would adjust changes required in monetary policy: Pranab Mukherjee


June 16th, 2010 - 9:52 pm ICT by ANI
Surat (Gujarat), June 16 (ANI): Union Finance Minister Pranab Mukherjee on Wednesday said that if changes in monetary police were required, the Reserve Bank of India (RBI) would adjust it."We have ... Read more...

Posted in Business |

Indian Bank to target youth with automated branches


April 24th, 2010 - 8:19 pm ICT by IANS
Chennai, April 24 (IANS) To target the youth, government-owned Indian Bank plans to open five fully automated branches this fiscal, an official said Saturday. "The first such branch will be opened in our ... Read more...

Posted in Business |

Reserve Bank to hike rates in months to come, say experts


April 20th, 2010 - 9:45 pm ICT by IANS
Chennai/New Delhi, April 20 (IANS) The Reserve Bank of India (RBI) is expected to continue increasing the repo and reverse repo rates in months to come, said a senior official of HDFC ... Read more...

Posted in Business |

India’s central bank hikes rates further to tame inflation (Roundup)


April 20th, 2010 - 3:31 pm ICT by IANS
Mumbai, April 20 (IANS) Interest rates on housing, automobile and corporate loans were set to rise with India's central bank hiking key rates in its monetary policy for this year unveiled ... Read more...

Posted in Business |

RBI hikes policy rates and CRR by 25 basis points


April 20th, 2010 - 2:48 pm ICT by ANI
Mumbai, Apr 20 (ANI): The Reserve Bank of India on Tuesday hiked key policy rates by 25 basis points and the Cash Reserve Ratio (CRR) for banks by 25 basis points.The CRR ... Read more...

Posted in Business |

India’s central bank hikes key rates to tame inflation


April 20th, 2010 - 1:07 pm ICT by IANS
Mumbai, April 20 (IANS) Interest rates on housing, automobile and corporate loans are set to rise with India's central bank hiking key rates in its monetary policy for this year unveiled Tuesday ... Read more...

Posted in Business |

Intensified inflationary pressures need cautious checks: RBI


March 25th, 2010 - 8:13 pm ICT by IANS
New Delhi, March 25 (IANS) Despite recent easing of food prices, inflationary pressures remain high in India calling for more steps from policy-makers but with due caution such that economic recovery is ... Read more...

Posted in Business |

Hike in bank rates to hit growth in near-term: RBI (Lead)


March 22nd, 2010 - 11:44 pm ICT by IANS
Bangalore, March 22 (IANS) India's central bank late Monday admitted that the recent hike in its policy rates would affect growth in the near-term but maintained it would consolidate in the ... Read more...

Posted in Business |

Bank rates hiked to rein inflation, says RBI governor


March 22nd, 2010 - 10:21 pm ICT by IANS
Bangalore, March 22 (IANS) The bank rates were raised March 19 by 25 basis points to contain the wholesale price index (WPI) inflation rate, which shot up to 9.9 percent in February, ... Read more...

Posted in Business |

RBI hikes CRR; repo rates unchanged


January 29th, 2010 - 3:02 pm ICT by ANI
New Delhi, Jan 29 (ANI): The Reserve Bank of India (RBI) in its monetary policy review on Friday, hiked the Cash Reserve Ratio (CRR) by 75 basis points to 5.75 percent in ... Read more...

Posted in Business |

Industry welcomes monetary policy, says stimulus still needed


October 27th, 2009 - 9:03 pm ICT by IANS
Mumbai, Oct 27 (IANS) Industry and think tanks Tuesday welcomed the central bank's shift in monetary policy stance, hoping that some parts of the stimulus would be retained as the economic recovery ... Read more...

Posted in Business |

Central bank to keep interest rates unchanged: Experts


October 26th, 2009 - 8:06 pm ICT by IANS
New Delhi, Oct 26 (IANS) Leading industry lobbies and think-tanks believe the country's central bank would leave the key interest rates unchanged when it reviews monetary policy for the current fiscal Tuesday. ... Read more...

Posted in Business |

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