BENGALURU – The Indian rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed. After reversing some of the deep losses in the final few […]
BENGALURU – The Reserve Bank of India (RBI) will change its stance to ‘neutral’ next month and cut interest rates in June at the latest, according to a Reuters poll of economists pointing to an extraordinary U-turn in policy. Just a month ago, economists predicted rates would start […]
NEW DELHI – India’s top business groups on Thursday urged the Reserve Bank of India (RBI) to cut its benchmark interest rate by at least half a percentage point and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of […]
New Delhi, Jan 11: Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent […]
BENGALURU – India’s December retail inflation is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed, giving the central bank breathing space to keep policy on hold. Inflation likely cooled to […]
NEW DELHI – The government announced a change in the Goods and Services Tax (GST) rules on Thursday that would exempt an additional two million small businesses, in a move that could help garner support ahead of a general election that must be called by May. “India will […]
MUMBAI – Eleven state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday. […]
Mumbai, Jan 8: The Reserve Bank of India Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel on deepening of digital payments has been constituted with a view to encourage […]
NEW DELHI – The Reserve Bank of India (RBI), having changed leadership last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the […]
New Delhi, Jan 7: Reserve Bank Governor Shaktikanta Das Monday said the central bank will take steps if there is a liquidity shortage in the economy, though currently liquidity needs are largely met. Das, who met associations of small and medium enterprises in the national capital, will meet non-banking […]
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