RBI may hike CRR by 0.5 per cent in January policy: HSBC

The RBI is likely to hike its cash reserve ratio, the amount banks have to park with the central bank, by 0.5 per cent later this month and may start increasing policy rates from March, HSBC said on Wednesday.

Bankers likely to meet RBI on Jan 14 ahead of policy

Relaxation in the norms relating to infrastructure lending and 70 per cent loan loss coverage ratio are likely to top the agenda when bankers meet RBI on January 14, ahead of the quarterly policy review.

Bankers likely to meet RBI on January 14 ahead of policy

Relaxation in the norms relating to infrastructure lending and 70 per cent loan loss coverage ratio are likely to top the agenda when bankers meet RBI on January 14, ahead of the quarterly policy review.

FIIs to obtain RBI`s approval for buying Maruti Suzuki shares

The Reserve Bank on Tuesday said that foreign institutional investors would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.

Some liquidity tightening needed: Rangarajan

An adjustment in Indian policy interest rates is not warranted at the moment but liquidity tightening may be needed, Prime Minister`s Economic adviser C. Rangarajan said on Tuesday.

Volatile capital flows may pose policy challenges: RBI

The Reserve Bank said rapid and
volatile capital flows could present significant policy
challenges, potentially leading to exchange rate overshooting,
asset-price volatility and financial instability.

No reason for RBI to tighten money supply: Chief Eco Advisor

There is no reason for the Reserve
Bank to tighten money supply in its policy review to be
announced later this month, Chief Economic Advisor of the
government Kaushik Basu today said.

RBI Reference rate for US dollar and euro

The Reserve Bank of India fixed the Reference rate for the US currency at Rs 46.51 per
dollar and the single European unit at Rs 66.48 per euro from
Rs 46.65 per dollar and Rs 66.83 per euro respectively, as on
January 1.

Credit offtake remains subdued in 2009

Credit offtake remained subdued at 11 per cent during the one-year period ending December 18, indicating the economic activity is yet to fully pick up momentum.

RBI hints at tightening money supply to curb inflation

Concerned over the spiralling food prices, the Reserve Bank has indicated at tightening money supply to contain the rising inflation pressures.

RBI says focus on managing inflation, growth

The focus of India`s monetary policy is shifting to managing recovery and containing inflation from one concentrated on fostering growth after the global downturn, a deputy governor has said.

Food prices fuel inflation pressures: RBI

Rising food prices are fuelling concerns of broader price pressures in India and the policy challenge is to address the supply-side constraints, RBI has said.

RBI likely to raise CRR by mid-Jan: J&K Bank

The Reserve Bank may raise the cash reserve ratio by up to 50 basis points in the second week of January to suck liquidity from the system, said Haseeb Drabu, a known economist and Jammu & Kashmir Bank chairman.

RBI`s quarterly review on January 29

The Reserve Bank today said it will come out with its third quarter review of the monetary policy for the current fiscal on January 29.

India in middle of eco recovery: RBI Dy Governor

India is in the middle of the economic recovery, the Reserve Bank`s Deputy Governor Subir Gokarn, said.

RBI issues draft norms for detection of soiled currency notes

To improve the quality of currency notes in the country, the Reserve Bank came out with a draft guideline for mechanical detection of notes unfit for circulation and replacing them with new ones on Wednesday.

Tightening of key policy rates won’t affect growth: Kamath

ICCI Bank chairman K.V. Kamath on Tuesday said even if there is a tightening of policy rates, companies will be able to source finance and manage expansions from other sources.

RBI can increase interest rate to tame price rise: Rangarajan

The Prime Minister’s Economic Advisory Council chairman, C Rangarajan, on Monday suggested that the Reserve Bank of India could reduce money supply and raise the interest rate to tame the rising prices of food articles.

Bankers see higher rates, strong credit growth next year

With a substantial recovery from the slowdown expected in 2010, top bankers have said this could be translated into a healthy pick-up in credit growth, but may also result in a higher interest rate regime.

Rate talk swirls around RBI, Fin Min meet

A meeting of India`s central bank Governor Duvvuri Subbarao with Finance Minister Pranab Mukherjee fuelled speculation on Friday that the bank may tighten monetary policy earlier than expected to stem rising prices.