RBI

The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the repo and reverse repo rate [...]

The six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty” of volatility related to US rate hike and the local demonetization drive. RBI also withdrew incremental cash reserve ratio (CRR) [...]

Interest rate sensitive shares from the sectors such as banking, automobiles and real estate were in focus ahead of the Reserve Bank of India (RBI) Governor Urjit Patel-led Monetary Policy Committee (MPC) meeting due later in the day. A majority of the nearly 60 analysts polled by Reuters predict the RBI will cut the repo [...]

They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion — because of printing errors.   Apparently, in a rush to go to print, an unspecified number — no one knows exactly how many — of notes of Rs 500 denomination have visible errors.   They have caused [...]

The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more, a Reuters poll found. New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used [...]

Bidding adieu:Governor Raghuram Rajan says RBI’s role needs to be clearly defined by the government.— PHOTO: PTI The Reserve Bank of India chief Raghuram Rajan made a strong case for an ‘independent’ central bank and an elevation in the ranking of the central bank Governor’s post. In the interests of macroeconomic stability, the ranking of [...]

Keeping the guessing game going, SBI Chairperson Arundhati Bhattacharya on Friday stated that her name being considered for RBI’s Governor’s position is media speculation as she is “not saying anything” on it. Responding to a media query on the most talked about succession race to the Mint Street corner office, Ms. Bhattacharya said: “I am [...]