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RBI opts for status quo, promises rate cut if inflation drops

Last Updated: Tuesday, June 03, 2014, 16:56

This is the second consecutive time that RBI Governor Raghuram Rajan has kept interest rates unchanged, belying hopes of any reduction in EMIs for home and auto loans.

Sensex hits record closing high; metal stocks surge

Last Updated: Tuesday, June 03, 2014, 16:06

The broader Nifty gained 0.7 percent to a record closing high of 7,415.85, surpassing its previous record hit on May 23.

RBI should wait until budget before cutting rates: Rangarajan

Last Updated: Tuesday, June 03, 2014, 15:41

The RBI's status quo on key policy rates was in line with expectations and it should wait until the budget to lower rates, former Chairman of the Prime Ministers' Economic Advisory Council C Rangarajan said Tuesday.

Indians can invest up to $125,000 overseas annually

Last Updated: Tuesday, June 03, 2014, 14:27

Encouraged by an improvement in the forex market, the Reserve Bank on Tuesday raised the annual overseas investment ceiling for individuals to USD 125,000 from USD 75,000.

Sensex up 180 points in mid-session as RBI holds key rates

Last Updated: Tuesday, June 03, 2014, 13:28

The broad-based National Stock Exchange Nifty regained 7,400 mark by rising 54.50 points, or 0.74 percent, to 7,417.00.

Decision to keep rates unchanged was expected: Chidambaram

Last Updated: Tuesday, June 03, 2014, 13:15

Former Finance Minister P Chidambaram on Tuesday said the RBI's decision to keep interest rates unchanged was expected and the government should build on what has been achieved.

RBI monetary policy review: Key Highlights

Last Updated: Tuesday, June 03, 2014, 12:33

Following are the highlights of RBI bi-monthly monetary policy statement.

RBI keeps rates unchanged, unlocks Rs 40,000 cr of bank funds

Last Updated: Tuesday, June 03, 2014, 12:08

Committed to keep inflation under check, RBI Governor Raghuram Rajan on Tuesday left key rates unchanged and unlocked about Rs 40,000 crore of funds by reducing the amount of deposits banks are required to park in government securities.

Sensex trades in red after RBI keeps key rates unchanged

Last Updated: Tuesday, June 03, 2014, 11:59

A benchmark index of Indian equities markets marginally fell by 29.22 points or 0.12 percent in the intra-day trade after the apex bank kept the key policy rates unchanged Tuesday.

Sensex turns choppy after RBI policy review

Last Updated: Tuesday, June 03, 2014, 09:57

The 30-share barometer gained 11.62 points, or 0.05 percent, to 24,696.47.

RBI keeps interest rates unchanged; EMIs to remain same

Last Updated: Tuesday, June 03, 2014, 08:56

The Reserve Bank of India on Tuesday maintained the status quo with regard to the key interest rate in its monetary policy review in view of the need to curb inflation, which has remained stubbornly high.

RBI's monetary policy review to dictate trend on bourses

Last Updated: Sunday, June 01, 2014, 17:55

The Reserve Bank of India's (RBI) monetary policy review on Tuesday will dictate the trend on the bourses this week, experts said.