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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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.