$354-bn forex reserves too small to fight a crisis: Kaushik Basu

Last Updated: Wednesday, August 26, 2015, 23:02

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

Long way to go for India to become global growth engine: Rajan

Last Updated: Wednesday, August 26, 2015, 12:51

RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.

RBI chief Raghuram Rajan says not in favour of depreciating rupee: Report

Last Updated: Wednesday, August 26, 2015, 10:13

India has seen hefty flows from foreign investors, who have bought shares worth USD 5.8 billion and debt worth USD 8 billion so far in 2015.

Adverse developments have impacts on rest of world: Rajan

Last Updated: Tuesday, August 25, 2015, 23:58

A day after a rout in Chinese stocks triggered the biggest ever carnage in Indian markets, RBI Governor Raghuram Rajan Tuesday said China is a big country and every adverse development has impacts, even as he warned against overburdening central banks to fix struggling economies.

Majority wanted rate cut, but Rajan vetoed in August review

Last Updated: Tuesday, August 25, 2015, 19:07

The RBI held consultation with external Members of the TAC between July 22-28 in the run up to the Third Bi-monthly Monetary Policy Review, 2015-16 on August 4, 2015.

Beware of complacency, shouldn't postpone hard choices: Rajan

Last Updated: Monday, August 24, 2015, 22:29

Reserve Bank Governor Raghuram Rajan Monday cautioned against getting complacent with the strong macro fundamentals of the economy and called for making harder choices in further reforming the structural bottlenecks preventing the economy from achieving its potential growth.

Market crash: India tries to calm jittery investors

Last Updated: Monday, August 24, 2015, 18:50

India`s policymakers tried to soothe jittery investors on Monday after domestic shares slid nearly 6 percent and the rupee sank to its lowest since late 2013 following a China-led sell-off across Asia.

Raghuram Rajan says ready to use FX reserves as Sensex tumbles

Last Updated: Monday, August 24, 2015, 16:42

Reserve Bank of India Governor Raghuram Rajan said he was ready to deploy foreign exchange reserves to curb volatility in the currency as turmoil in global markets sent domestic shares down more than 4 percent and the rupee to its lowest since late 2013.

Raghuram Rajan says enough reserves to contain volatility, hints at rate cut

Last Updated: Monday, August 24, 2015, 15:03

"I wish to reassure the markets that our macroeconomic factors are under control as the economy is in much better position relative to many other economies," Rajan told the IBA-Ficci organised banking summit Fibac.

Raghuram Rajan reassures markets as China woes spread like wildfire

Last Updated: Monday, August 24, 2015, 11:30

Rajan said the country has USD 380 billion in forex reserves to be used as and when the need arises. He also said he sees oil prices remaining at low levels at for a year or two.

Low inflation, not public pleading, should drive rate cut: Raghuram Rajan

Last Updated: Monday, August 24, 2015, 11:07

"Rate cuts should not be seen as goodies that the RBI gives out stingily after much public pleading," Rajan said in a speech to a banking event.

No apprehension in using reserves to reduce rupee volatility: Raghuram Rajan

Last Updated: Monday, August 24, 2015, 10:23

Rajan said, once market volatility settles down, India should emerge again as an investment destination of choice. He also said that the crude prices may remain soft for a year or two.