CAD narrows to 1.2% of GDP at $6.2 billion in Q1

Last Updated: Friday, September 11, 2015, 20:03

The June quarter CAD figure is lower than USD 7.8 billion, or 1.6 percent of GDP, in the year-ago period, but higher than 0.2 percent for the March quarter.

RBI likely to cut rate on falling inflation: Moody's

Last Updated: Friday, September 11, 2015, 18:45

Reserve Bank is likely to cut interest rate as the wholesale price-based inflation is expected to decline further to 4.3 percent in August, Moody's Analytics said Friday.

Market forces should determine rupee value: Sinha

Last Updated: Thursday, September 10, 2015, 15:50

Value of the rupee should be driven by market forces even as the Reserve Bank and the government strive to maintain stability in the currency market, Minister of State for Finance Jayant Sinha has said.

Time is ripe for up to 1% rate cut by RBI: Arvind Panagariya

Last Updated: Thursday, September 10, 2015, 15:17

Pitching for rate cut by the Reserve Bank, NITI Aayog Vice-Chairman Arvind Panagariya on Thursday said that "time is ripe" for 0.5 percent to 1 percent reduction in benchmark lending rates.

Monetary policy committee under "active" discussion: RBI deputy

Last Updated: Wednesday, September 9, 2015, 20:25

The RBI is holding "active" discussions with the government on the formation of a monetary policy committee that would decide interest rates, a deputy governor of the bank, S.S. Mundra, said on Wednesday.

Rajan best man to decide on rates; better than Govt too: Rahul Bajaj

Last Updated: Wednesday, September 9, 2015, 18:23

"The best person in India today to decide (on rate cuts) is the present Governor of RBI... He knows better than the government, he wants to control inflation," Bajaj Auto Chairman said.

Low inflation regime to last longer: Gandhi

Last Updated: Wednesday, September 9, 2015, 00:24

The current regime of low inflation is likely to sustain for a longer period, Reserve Bank Deputy Governor R Gandhi said Tuesday.

RBI cancels Sahara India's para-banking license

Last Updated: Tuesday, September 8, 2015, 13:57

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

Raghuram Rajan calls on DEA Secy, discusses macro issues

Last Updated: Tuesday, September 8, 2015, 11:37

This is the first meeting of Das as a DEA Secretary with the RBI governor. Das, who was earlier Revenue Secretary, had assumed charge of the Economic Affairs Department on August 31.

Draft base rate guidelines credit negative for banks: Moody's

Last Updated: Monday, September 7, 2015, 22:17

International rating agency Moody's Monday said the Reserve Bank's draft guidelines for base rate computation are credit negative for banks as they will reduce their loan-pricing flexibility.

'RBI has less stringent norms on systemically important banks'

Last Updated: Monday, September 7, 2015, 15:52

RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.

'India to grow at 7.4% in FY15-16; more rate cuts in pipeline'

Last Updated: Monday, September 7, 2015, 14:27

According to the global financial services major, upturn in growth for the Indian economy would be more gradual, with the consumption and investment turnaround likely to be slower than anticipated.