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rbi monetary policy
RBI likely to cut policy rates at its June 17 meeting: Experts RBI likely to cut policy rates at its June 17 meeting: Experts RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Sensex rises for third straight week; up 289 points Sensex rises for third straight week; up 289 points The NSE 50-share Nifty also rose by 72.55 points or 1.24 percent to 5,944.00. It has also gained by 415.45 points or 7.51 percent in three weeks.
No clean-chit to ICICI, HDFC, Axis; show-cause notices on way: RBI No clean-chit to ICICI, HDFC, Axis; show-cause notices on way: RBI The Reserve Bank on Friday said it has not given clean-chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the three banks is still on.
Bankers rule out slashing lending rates post 0.25% repo cut Bankers rule out slashing lending rates post 0.25% repo cut Bankers on Friday virtually ruled out slashing their lending rates, saying the 0.25 percent cut in repo rate by the Reserve Bank does not help them bring down their cost of funds, which is too high at present.
RBI's RBI's "hawkish" stance makes markets jittery, Sensex down 160 points The banking sector index suffered the most by losing 2.40 percent as ICICI Bank, SBI, HDFC Bank and suffered losses in the range of 1-4 percent.
Inflation to be about 5.5% in FY'14: RBI Inflation to be about 5.5% in FY'14: RBI The Reserve Bank on Friday said it expects inflation to be range-bound around 5.5 per cent during the current fiscal year.
CAD biggest risk to Indian economy: RBI CAD biggest risk to Indian economy: RBI Describing high Current Account Deficit (CAD) as the biggest risk to Indian economy, the RBI on Friday said any further deterioration of CAD could result in its policy reversal stance.
Declining inflation will raise scope for further rate cut: FM Declining inflation will raise scope for further rate cut: FM Accepting Reserve Bank's stance on policy rate for what it is, Finance Minister P Chidambaram on Friday expressed hope that declining inflation would increase the scope for rate cut by the central bank.
RBI's annual monetary policy 2013-14: Key Highlights RBI's annual monetary policy 2013-14: Key Highlights Reserve Bank has cut the key interest rate by just 0.25 percent to 7.25 percent.
RBI's 5.7% growth forecast for 2013-14 pessimistic: Montek RBI's 5.7% growth forecast for 2013-14 pessimistic: Montek RBI in its monetary policy for 2013-14 reduced the repo (short-term lending) rate by 0.25 percent and pegged the economic growth rate for the fiscal at 5.7 percent as against the finance ministry's projection of 6.1 to 6.7 percent.
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