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 Fed close to hitting job and inflation targets: Stanley Fischer

Fed close to hitting job and inflation targets: Stanley Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed`s No. 2 policymaker said on Sunday in comments that did not address when the U.S. central bank should next raise interest rates.

Home, auto loans to become cheaper as ICICI cuts base rate

Home, auto loans to become cheaper as ICICI cuts base rate

Largest private sector lender ICICI Bank on Thursday marginally reduced its base rate to 9.70 percent from 9.75 percent earlier, making its lending rate at par with industry leader SBI and that of HDFC Bank.

Federal Bank slashes base rate by 0.25% to 9.95%

Federal Bank Monday cut the base rate, or the minimum lending rate, by 0.25 percent to 9.95 percent.

SBI slashes base rate by 0.15%; effective June 8

The nation's largest lender State Bank of India Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.

SBI cuts lending rate by 0.15%, effective June 8

India's largest bank, the State Bank of India on Tuesday cut its base lending rates by 0.15 percent to 9.70 percent, to be effective from June 8.

RBI seen keeping rates on hold, while signalling readiness to act

India`s central bank is expected to keep its benchmark interest rate on hold at 7.50 percent at a policy review on Tuesday, while signalling that it could act swiftly to lower rates further if inflation stays within its target.

Banks will surely cut lending rates for borrowers: Sinha

A day after RBI cut the repo rate, the government today said banks will "slowly" but surely will reduce lending rates for borrowers.

Raghuram Rajan's rate-cut message to Modi: Now fix the Budget

In cutting interest rates and giving a boost to the government`s efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.

RBI rate cut: Main highlights

Following are the highlights of the RBI decision on monetary policy and subsequent developments:

RBI unexpectedly cuts interest rates: Expert views

The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 percent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit.

RBI to leave repo rates unchanged next week: DBS

Reserve Bank Governor Raghuram Rajan had met new Finance Minister Arun Jaitley on Tuesday and said that fighting price rise is a priority and the central bank has always maintained balance between the need to check inflation and prop-up growth.

RBI Jan 28 rate hike: Rajan went against majority view yet again

RBI Governor Raghuram Rajan went against the majority view in the bank's technical advisory committee (TAC) while announcing a surprise 0.25 percent hike in key rates in the January 28 policy review, as per the minutes of an internal meeting which were disclosed Monday.

Bankers unsure on direction of rate moves following RBI policy

Bankers remained ambivalent on the impact of today's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.

Comfortable with current level of Inflation, says Rajan

Rajan expressed apprehensions that headwinds to growth from domestic constraints continue to pose downside risks.

RBI may hike interest rate this week, MSF rate cut likely

Worsening price situation may prompt the Reserve Bank to raise interest rate by 0.25 percent in its policy review on Tuesday, but it is also likely to announce some liquidity easing steps.

RBI to up repo rate 25 bps on inflation; may cut MSF: Morgan

In September, the headline inflation accelerated to a seven-month high of 6.46 percent, while the retail inflation quickened to 9.84 percent.

Raghuram Rajan meets FM ahead of second quarter policy review

"I discussed whole set of issues with the Finance Minister including state of economy," Rajan told reporters after the meeting here.

‘Industry sees 0.25% hike in policy rates on Oct 29’

An industry poll conducted by RBS India Tuesday said majority participants are expecting RBI Governor Raghuram Rajan to hike the key policy rates by at least 0.25 percent next week when he unveils the second quarter review of Monetary Policy 2013-14.

Bonds gain after RBI assures will ensure cash

Government bonds rose on Thursday after the Reserve Bank of India (RBI) assured markets it would ensure adequate cash and also buy debt via open market operations if needed.

Stock markets may remain volatile on RBI move

The surprise move from the RBI has reversed the bullish tone of the markets as the 25 basis point rise in repo rate caught market participants completely off-guard, brokers said.