MUMBAI – India’s current account and fiscal deficit could take a hit if oil prices continue to rise after an attack on Saudi Arabian oil facilities over the weekend, the central bank chief said on Monday. “We should allow a few more days to see how the situation […]
Mumbai : The Reserve Bank Wednesday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season. The RBI has reduced the key policy rate by 25 […]
Mumbai, Jan 6: A sudden surge in crude prices can upset the nation’s key macro-stability parameters, as it can sharply spike the current account deficit (CAD), inflation and the fiscal numbers, whittling the benefits of higher growth, warns an RBI study. Since the country is heavily dependent on oil […]
NEW DELHI – To his supporters, new Reserve Bank of India (RBI) board member Swaminathan Gurumurthy is a philosopher who will set India on a path of self-reliance. His detractors paint him as an ideologue who has pushed the government into a series of policy blunders. What neither […]
MUMBAI/NEW DELHI – For all the cordiality on show at the end of Reserve Bank of India’s last board meeting, tensions could re-surface when it next gathers on Dec. 14 as the government aims to ramp up pressure for changes in the way the central bank operates. A […]
MUMBAI – A Reserve Bank of India board meeting began on Monday with investors waiting to see if central bank and government policymakers could bridge differences over several key issues. Top government officials and one independent director have pressed the RBI to ease lending and capital rules for […]
New Delhi :The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources […]
NEW DELHI/MUMBAI – India’s government and its central bank are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to unnerve investors. While the rift is far from healed, the […]
New Delhi, Oct 31: The government has for the first time ever used a provision of law to ask the RBI for resolution of differences between them on stressed loans in power sector and other issues, sources privy to the development said. Without acknowledging the notices sent to RBI […]
open view web desk MUMBAI – The Reserve Bank of India on Tuesday said it had alerted unidentified banks about the need to prevent any “potential malicious use of the SWIFT infrastructure” at least three times since August 2016, but added lenders had not fully implemented all of […]
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