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Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework

Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework

Last Updated: Thursday, July 10, 2014, 22:14

With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting.

Determined to bring down consumer inflation: Raghuram Rajan

Determined to bring down consumer inflation: Raghuram Rajan

Last Updated: Thursday, July 10, 2014, 20:11

Rajan added bringing down inflation was the responsibility of both the government and the central bank, echoing previous ones he has made on the topic.

Credit growth overtakes bank deposits; grows at 13.3%

Credit growth overtakes bank deposits; grows at 13.3%

Last Updated: Wednesday, July 09, 2014, 20:36

While total credit stood at Rs 54,04,562 crore in the same period last year, bank deposits stood at Rs 70,72,139 crore in the corresponding period last year.

RBI increases diamond imports' credit time to 180 days

Last Updated: Monday, July 07, 2014, 19:28

The Reserve Bank has relaxed norms governing import of rough, cut and polished diamonds by doubling the credit time period to 180 days.

Central banks ending era of clear promises, return to ''artful'' policy

Last Updated: Monday, July 07, 2014, 15:07

The world`s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.

RBI initiates swap of old gold with new one

Last Updated: Sunday, July 06, 2014, 18:27

The Reserve Bank has undertaken an exercise to swap old gold in its reserves with a new one with a view to standardise the yellow metal stock.

India's forex reserves up $ 856.6 million to $ 315.77 billion

Last Updated: Saturday, July 05, 2014, 15:12

India's forex reserves surged USD 856.6 million to USD 315.778 billion in the week to June 27, on account of rise in currency assets.

Rupee sees biggest weekly gain in 1-1/2 months, closes at 59.72

Last Updated: Friday, July 04, 2014, 17:44

The rupee is likely to trade in a range of 59.60 to 60.40 until the budget.

Airtel up over 2% as RBI allows higher FII limit

Last Updated: Friday, July 04, 2014, 11:55

Shares of Bharti Airtel Friday rose by over 2 percent after the Reserve Bank increased limit for overseas investors to buy shares in the company.

RBI to issue guidelines for bank licences this year

Last Updated: Friday, July 04, 2014, 11:38

The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licenses later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday.

Gold swaps to cut imports, ease payment pressure

Last Updated: Thursday, July 03, 2014, 22:38

A plan by the Reserve Bank of India (RBI) to swap old gold in its vaults for purer metal abroad that it could pledge or sell would have the added benefits of reducing gold imports and easing pressure on the balance of payments.

RBI extends Deputy Governor H R Khan's tenure for 2 years

Last Updated: Thursday, July 03, 2014, 21:18

The Reserve Bank Thursday extended the term of Deputy Governor H R Khan for two years with effect from July 4, 2014.