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Urjit Patel as RBI Governor indicates policy continuity: Nomura

Urjit Patel as RBI Governor indicates policy continuity: Nomura

The appointment of Urjit Patel as the next RBI Governor signals government's preference for policy continuity and commitment to low inflation, says Japanese financial services major Nomura.

Bankers says cheaper money still some time away

Bankers says cheaper money still some time away

Ruling out any immediate transmission of rates despite RBI chief Raghuram Rajan blaming them of passing benefits "only modestly", bankers on Tuesday said interest rates will fall once credit growth picks up.

Had fantastic tenure; results to be visible in 5-6 years: Raghuram Rajan

Had fantastic tenure; results to be visible in 5-6 years: Raghuram Rajan

Terming his tenure as "fantastic", RBI Governor Raghuram Rajan on Tuesday said snap judgements by critics do not matter as he has made useful contributions and the results will visible in the next 5-6 years.

RBI may hold rates on Aug 9, FY17 growth likely at 7.4%: UBS

RBI may hold rates on Aug 9, FY17 growth likely at 7.4%: UBS

Indian economy is expected to clock a growth of 7.4 percent this fiscal, and on the policy front, the Reserve Bank is likely to leave key rates unchanged at its August meet, says a UBS report.

 

Bank of England cuts rates for first time since 2009, restarts bond purchases

Bank of England cuts rates for first time since 2009, restarts bond purchases

The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain`s June 23 vote to leave the European Union.

RBI may go for status quo in Aug 9 meet: DBS

RBI may go for status quo in Aug 9 meet: DBS

RBI may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 percent and July-August prints may also stay high.

Raghuram Rajan wants monetary policy panel formed before he departs RBI

Raghuram Rajan wants monetary policy panel formed before he departs RBI

India should quickly put in place a monetary policy committee (MPC) to institutionalise decision-making on interest rates and keep the focus on controlling inflation, outgoing Indian central bank governor Raghuram Rajan said on Monday. 

RBI to keep rates unchanged in August 9 policy: ICRA

RBI to keep rates unchanged in August 9 policy: ICRA

ICRA on Friday said RBI is unlikely to cut policy rates in its upcoming monetary policy review on August 9, but a 0.25 percent cut is on cards in 2016.

Fed leaves rates unchanged but says US economy improving

The Federal Reserve on Wednesday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

Policy makers had not been expected to raise rates, out of concern that a hike could stifle fragile growth. 

 Axis Bank Q1 profit dips 21% at Rs 1,556 crore

Axis Bank Q1 profit dips 21% at Rs 1,556 crore

Private player Axis Bank on Friday reported 21 percent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.

0.50% cut in policy rate by March quarter: Morgan Stanley

0.50% cut in policy rate by March quarter: Morgan Stanley

Inflation in India is expected to fall to 4.5 percent by the quarter ended March 31, and this in turn would give Reserve Bank space to cut key policy rates by 50 basis points this fiscal, says a Morgan Stanley report.

RBI to cut rates by 0.25% on Aug 9 if rains damp pulse price

RBI to cut rates by 0.25% on Aug 9 if rains damp pulse price

The Reserve Bank is expected to cut key interest rates by 25 basis points in its policy review meet on August 9, if good rains damp pulse price inflation, says a Bank of America Merrill Lynch (BofA-ML) report.

Expect 0.5% cut in policy rate by March: Morgan Stanley

Expect 0.5% cut in policy rate by March: Morgan Stanley

Inflation in India is expected to fall to 4.5 percent by next March, giving the Reserve Bank space to cut key policy rates by 50 basis points in the current fiscal, says a Morgan Stanley report.

Is it desirable to continue offering high interest rates on savings: Arun Jaitley

Is it desirable to continue offering high interest rates on savings: Arun Jaitley

With private investment yet to pick up, Finance Minister Arun Jaitley on Saturday wondered whether it is desirable to continue offering high interest rates on savings that translate into higher cost of lending and sluggishness in the economy.

Ex-Barclays traders sentenced to up to six years' jail in Libor case

Ex-Barclays traders sentenced to up to six years' jail in Libor case

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

Unsure if monetary policy panel to set rates in August: Raghuram Rajan

Unsure if monetary policy panel to set rates in August: Raghuram Rajan

The process to set up India`s monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank`s next policy review on Aug. 9, Reserve Bank of India (RBI) Governor Raghuram Rajan said according to TV channels.

Raghuram Rajan hits back at critics; says they can't have both low inflation and low rates

Raghuram Rajan hits back at critics; says they can't have both low inflation and low rates

In his first public appearance since announcing he will step down as the end of his tenure in September, Rajan on Monday defended his record in fighting inflation.

With loads of gold, Tirupati looks for banks with high rates

With loads of gold, Tirupati looks for banks with high rates

The management of Tirupati Balaji Temple in Andhra Pradesh has said it will look for banks that offer highest interest rates for its gold available for investment.

Bank of England warns again on Brexit, holds rate

Bank of England warns again on Brexit, holds rate

The Bank of England on Thursday warned that Britain`s EU referendum next week was potentially the "largest risk" for world markets.

US Federal Reserve keeps interest rates unchanged

The US Federal Reserve left interest rates unchanged on Wednesday.