Duvvuri Subbarao

Subbarao questions inflation-targeting, doubts its efficacy

Subbarao questions inflation-targeting, doubts its efficacy

Former Reserve Bank governor Duvvuri Subbarao has doubted achieving the 4 percent inflation target set under the new MPC set-up given the narrow margin the new price index has now and the way prices have been moving up in recent months.


Jul 27, 2016, 18:30 PM IST

Subbarao to say good bye to Mint Street after 5 stormy years

While there were brickbats for his tight monetary policy that his critics called hawkish, there were any numbers of admirers for his stance they considered independent of the government, displaying the Central Bank's autonomy.

Sep 01, 2013, 11:53 AM IST

Consumer inflation data not robust enough: RBI chief

The central bank should continue to rely on wholesale prices even if a decision is made to shift to the consumer price index as the main inflation indicator, Subbarao added.

Aug 30, 2013, 11:48 AM IST

Corporate-run banks can serve economy better: RBI Governor

Defending the decision to allow corporates to enter the banking fray, outgoing Governor D Subbarao Thursday said as a knowledge institution, the Reserve Bank needs to change with times, and asserted that corporates will serve the economy better by entering the field.

Aug 29, 2013, 23:38 PM IST

CRR, SLR could come down further: Subbarao

Currently, the CRR is pegged at a low of 4 percent, while SLR that includes securities such as government bonds, stands at 23 percent, down from 25 percent in 2010.

Aug 13, 2013, 11:07 AM IST

Confident of overcoming challenging environment: Rajan

Reserve Bank Governor-designate Raghuram G Rajan said on Thursday he is confident of overcoming challenges facing the economy and the rupee.

Aug 08, 2013, 15:52 PM IST

RBI concerned over high current account deficit

Voicing concern over high Current Account Deficit, Reserve Bank Governor D Subbarao Thursday said steps should be taken to reduce it to sustainable levels.

Jul 04, 2013, 17:57 PM IST

Not all eligible applicants may get bank licence: Subbarao

Asserting that it will accelerate the process of issuing new bank licences, Reserve Bank Thursday said it was possible that not all eligible applicants will be granted a licence.

Jul 04, 2013, 17:30 PM IST

RBI chief Subbarao to attend IMF conference next month

Reserve Bank of India Governor Duvvuri Subbarao will share his perspective at an IMF conference here next month that will discuss policy pursued by various governments in the aftermath of global financial crisis.

Mar 29, 2013, 20:52 PM IST

RBI governor likely to meet Chidambaram on Thursday

Ahead of the monetary policy review next week, RBI Governor Duvvuri Subbarao is likely to discuss the prevailing domestic macro-economic as well as global situation with Finance Minister P Chidambaram on Thursday.

Jan 23, 2013, 18:16 PM IST

Ready to revisit ideal inflation target of 4-5%: Subbarao

RBI Governor Duvvuri Subbarao has said the Reserve Bank is ready to revisit the ideal inflation target of 4-5 percent, which many feel is too low to attain given the current scenario.

Dec 02, 2012, 12:53 PM IST

India an important global player; visit constructive: Bernanke

India is becoming a vital player in the global economy, US Federal Reserve Chairman Ben S Bernanke said on Wednesday after a meeting with his Indian counterpart - RBI Governor Duvvuri Subbarao.

Oct 10, 2012, 15:47 PM IST

CRR row: RBI Governor doesn't see end in sight during his term!

Reserve Bank Governor Duvvuri Subbarao Tuesday played down the CRR controversy between his senior most deputy and the nation's largest bank SBI, saying that he is not too sure whether the two will sink their differences before he demits office.

Sep 04, 2012, 16:18 PM IST

RBI keeps interest rates unchanged, disappoints borrowers

RBI also rejected the widespread demand for reduction in Cash Reserve Ratio (CRR) to pump in more money into the banking system.

Jun 18, 2012, 09:10 AM IST

Sovereign debt sustainability political issue: RBI

India's sovereign debt sustainability is "quintessentially" a political issue, Reserve Bank of India's Governor Duvvuri Subbarao said on Tuesday.

Feb 07, 2012, 13:44 PM IST

RBI says 'thin line' in motive for open market operations

When central banks conduct open market operations (OMOs) driven by a need to provide liquidity to support government borrowing or reduce yields rather than for liquidity management, it "becomes a case of acquiescence in fiscal dominance," India's central bank chief said on Wednesday.

Feb 01, 2012, 11:14 AM IST

FX intervention depends on rupee, capital inflows: RBI

Intervention by the Reserve Bank of India in the foreign exchange market will depend on the rupee's exchange rate and capital flows, RBI Governor Duvvuri Subbarao said.

Jan 25, 2012, 16:40 PM IST

Steps to curb rupee speculation may not be temporary: RBI

Reserve Bank of India Governor Duvvuri Subbarao said financial markets should not be under the impression that recent administrative steps that authorities have taken to curb speculation in foreign exchange are temporary.

Jan 24, 2012, 16:51 PM IST

RBI likely to ease policy: Subbarao

The Reserve Bank of India is likely to begin easing monetary policy to address concerns about economic growth, Governor Duvvuri Subbarao said in a TV interview, reiterating comments made by the RBI when it kept rates unchanged on December 16.

Jan 02, 2012, 10:19 AM IST

RBI chief sees FY12 growth below 7.6%

India's economy is likely to grow less than 7.6 percent this fiscal year and the RBI's aim to bring inflation down to 7 percent by the end of March faces uncertainty over the rupee, oil prices, and the eurozone debt crisis, Reserve Bank of India Governor Duvvuri Subbarao said on Thursday.

Dec 22, 2011, 12:53 PM IST