Mumbai: The BSE Sensex plunged 463 points to 18,534 Tuesday as investors dumped interest-sensitive stock after RBI hiked key policy rates by 50 basis points to tame inflation, and projected low
Mumbai: Leading economists have welcomed the measures initiated by the Reserve Bank of India Tuesday in reining soaring inflation saying that the price rise has become a much serious and larger
As per expectation, RBI continued its streak of interest rates hike to nail food inflation.
But there is a consensus among economists and corporates honchos that upward revision
New Delhi: Planning Commission Tuesday endorsed RBI`s hawkish policy of hiking key rates by half a percentage point saying this would contain inflation.
"Both (raising key and saving interest
Mumbai: In line with international practice, the RBI Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate.
Unlike in the past, the rate at
Mumbai: The Reserve Bank today said that loans extended by banks to micro-finance institutions (MFIs) from April 1 onward will be classified as priority sector lending.
"Bank loans to all
Mumbai: Home, auto and corporate loans are likely to cost more, with the Reserve Bank raising key policy rates by half a percentage point, bankers said Tuesday.
"I think banks do not have
New Delhi: Supporting Reserve Bank`s hawkish stance on monetary policy, Finance Minister Pranab Mukherjee Tuesday said the increase in the key rates was necessary to contain inflation.
Mumbai: In a bid to check inflation, Reserve Bank Tuesday raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 percent
New Delhi: Prime Minister`s economic panel on Monday said that average inflation this fiscal may ease to 6 percent from about 9 per cent at present.
"I think it (inflation) will be
Chennai: Public sector State Bank of India on Monday said an increase in interest rates could lead to "derailing" the growth prospects of the country.
Inflation at present "is over
New Delhi: Faced with stubborn inflation, RBI is likely to raised key policy rates by at least 25 basis points in its annual credit policy for 2011-12 to be announced on Tuesday to arrest the rate
New Delhi: Household saving rate of an average employee in metros has come down by 45 percent in last six years due to an exorbitant increase in prices of essential commodities, fuel and education
Washington: The International Monetary Fund has said that it is "absolutely normal" for countries like India and China to grow at over eight and nine per cent and experience inflationary pressure
New Delhi: Raising doubts over feasibility of achieving 10 percent average economic expansion in the 12th Plan (2012-17), Plan Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said the
New Delhi: A rise in global oil prices by USD 10 per barrel would reduce India`s economic growth by 0.2 percentage points and also affect the country`s current account deficit, Goldman Sach said
New Delhi: Food inflation is expected to hover around 8.5 percent in the remaining months of 2011, if the monsoon remains normal as predicted by the meteorological department, according to a
Vadodara: Managing inflationary pressure-- particularly in foodgrain prices -- is the biggest challenge before policymakers, according to C Rangarajan, the chairman of the Prime Minister`s
New Delhi: India`s economy will grow around 9 percent in the fiscal year that started in April if global crude prices remain under control, a top financial ministry official said on Monday, even
New Delhi: India`s headline inflation is likely to remain high this year too, registering an average of 8.6 percent in 2011-12 as manufacturers are likely to pass on input costs to consumers,
New Delhi: Soaring food prices, which averaged 10 percent in many economies this year, can push close to 30 million Indians and 64 million people in the Asian region into extreme poverty, an ADB
New Delhi: Food inflation inched up marginally to 8.76 percent for the week ended April 16 on the back of rising prices of fruits, protein-based items and onions.
Food inflation stood at 8.74
Mumbai: The Reserve Bank Thursday said that deregulation of the interest rate on savings banks accounts would benefit savers, as it would enable lenders to come out with innovative products to
New Delhi: Stressing that monetary policy has "serious limits" in tackling rising inflation, RBI Chair Professor at ICRIER B L Pandit on Friday made a case for expediting agricultural reforms to
New Delhi: Finance Minister Pranab Mukherjee on said RBI`s decision to raise key policy rates would help in moderating prices and opined that inflation might measure 7.5 percent by March-end as
Day in Pics: 1st October
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