Indian Shares Fall As RBI Disappoints

New Delhi : The Reserve Bank's decision to cut the key interest rate by 0.25 percent to 7.25 percent is a measured response to the current economic situation, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Friday. "It is a ...

NEW DELHI--There is scope for the Reserve Bank of India to cut interest rates further if core inflation continues to stay below 4%, an adviser to Prime Minister Manmohan Singh said Monday. Market participants have been calling on the central bank to ...

The Finance Ministry on Thursday indicated the Reserve Bank of India had the room to cut policy rates in its next policy review on March 19.“It is for RBI to take a call on the rate cut and it has all the information needed to take a decision,” Chief Economic Advisor Raghuram Rajan said in an interaction with newspapers today. He added that in its growth projections for next year, the government had factored in a rate cut by RBI.“They manage the monetary side."But that does ...

India's current account deficit (CAD) expanded to a 6.7 per cent in the October- December quarter, according to Reserve Bank of India (RBI) data released on Thursday. In July-September current account deficit was 5.4 per cent. The central bank ...

The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint. It advises the Prime Minister on a whole host of economic issues like inflation, microfinance, industrial output, etc.

By NEW DELHI, April 25 (Reuters) - The Indian government pitched for a rating upgrade on Thursday at a meeting with ratings agency Standard & Poor's, a top finance ministry official said, citing steps taken by it to control a high fiscal deficit and ...

Views on markets today Key benchmark indices rallied to a 28-month high and the Bank Nifty shot up to a 30- month high in today's trade after RBI governor said that he has noted the fall in inflation, fuelling hopes for a further rate cut in the ...

***Notes/Observations*** - India Central Bank (RBI) cuts Repo Rate by 25bps and signals probably no more room to maneuver - RBA minutes: Inflation outlook gave scope to ease if needed; steady policy now but further easing may be needed; econ is ...

RBI governor does not want to let his guard down on inflation—his way of keeping the pressure on the government to be fiscally responsible Tamal Bandyopadhyay RBI governor D. Subbarao. Photo: Abhijit Bhatlekar/Mint Mumbai: Hours after cutting the ...