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.

Rate cuts: Raghuram Rajan says watching monsoon impact on inflation

Last Updated: Thursday, August 20, 2015, 17:11

Amid persistent rate cut calls from the government and the industry, RBI Governor Raghuram Rajan on Thursday said the central bank is keeping a watch on monsoon and global factors to assess their impact on inflation.

Payments banks to strengthen financial ecosystem: Kochhar

Last Updated: Thursday, August 20, 2015, 16:10

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

Government steps up pressure on RBI to cut rate

Last Updated: Thursday, August 20, 2015, 15:38

Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

'Inflation data boosts case for rate cut before RBI next meet'

Last Updated: Friday, August 14, 2015, 16:01

With wholesale inflation plunging to a historic low, India Inc today said the downtrend in both WPI and retail inflation numbers coupled with sluggish industrial output data make a strong case for the Reserve Bank to cut interest rate ahead of its September 29 review.

Wholesale inflation falls to historic low of (-)4.05%

Last Updated: Friday, August 14, 2015, 12:39

The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 percent in July.

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

Retail inflation hits multi-year low of 3.78% in July

Last Updated: Wednesday, August 12, 2015, 19:15

Retail inflation fell to multi-year low of 3.78 percent in July on account of cheaper food prices, including of vegetables, fruits and cereals.

Inflation cools to 3.78% in July

Last Updated: Wednesday, August 12, 2015, 17:46

India's retail inflation cooled to 3.78 percent in July as food price rises stayed in check.

Rangarajan favours RBI majority in Monetary Policy Committee

Last Updated: Sunday, August 9, 2015, 11:10

Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.

No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.