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Rajan says rate hike not for cushioning EM contagion

Last Updated: Wednesday, January 29, 2014, 16:57

Reserve Bank Governor Raghuram Rajan Wednesday said the decision to hike repo rate by 0.25 percent was to bring down inflation and not because of any financial market turmoil.

Rajan says rate hike not in light of global contagion

Last Updated: Wednesday, January 29, 2014, 14:44

The Reserve Bank of India has not raised interest rates to fight off the recent global emerging market sell-off, but to tamp down inflationary pressures, Governor Raghuram Rajan said on Wednesday.

Not much of a case for RBI to lower interest rates: Montek

Last Updated: Tuesday, January 28, 2014, 21:12

Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said there is not much of a case for the Reserve Bank to lower the interest rates.

RBI rate hike a commitment to check inflation: Rangarajan

Last Updated: Tuesday, January 28, 2014, 18:20

The Reserve Bank's hiking the key lending rate by 0.25 percent is a reflection of its "strong commitment" to check inflation, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said Tuesday.

RBI a vigilant owl, not a dove or a hawk: Rajan

Last Updated: Tuesday, January 28, 2014, 18:09

The Reserve Bank brass took to ornithology to explain its policy stance and its intents as it took everyone by surprise with a rate hike Tuesday.

Banks to wait a while for trends before hiking lending rates

Last Updated: Tuesday, January 28, 2014, 17:46

Bankers on Tuesday said they will wait to see the trend in inflation and deposit fronts before taking a call on hiking lending rates after the RBI's money tightening move in its policy review.

'Repo rate hike to hit property market'

Last Updated: Tuesday, January 28, 2014, 15:56

Realty firms hoped however that this would be the last round of monetary tightening by the central bank.

No change in inflation goalposts, CPI to be in focus: Rajan

Last Updated: Tuesday, January 28, 2014, 14:50

Rajan said there was a need to create an environment for economic recovery to be strong and that inflation was a part of it.

RBI to focus on retail inflation; March end forecast over 8%

Last Updated: Tuesday, January 28, 2014, 14:38

On the rate hike by 0.25 percent in policy review today, RBI Governor Raghuram Rajan said it will set the economy securely on the disinflationary path.

Accord precedence to growth over inflation: India Inc to RBI

Last Updated: Tuesday, January 28, 2014, 14:10

The RBI should take cognisance of the faltering investment and consumption demand which is preventing the economy from realising its growth potential, the chamber said.

BSE Sensex trims initial losses, still down marginally

Last Updated: Tuesday, January 28, 2014, 13:48

The wide-based National Stock Exchange index Nifty inched down by 4.75 points to 6,131.10.

Implementation of RBI panel recommendations needs talks with govt: Rajan

Last Updated: Tuesday, January 28, 2014, 13:22

Raghuram Rajan also said the Urjit Patel panel`s timeline to bring down retail inflation seemed "reasonable" and the 8 percent retail inflation target can be reached by the end of the year.