RBI Guv needs autonomy on rates, not veto: Raghuram Rajan

Last Updated: Tuesday, August 4, 2015, 18:36

The Governor batted strongly for RBI's autonomy and said the government has never interfered with the central bank's call even though the statutes give it the power.

Sensex snaps 4-day winning run as RBI holds rates

Last Updated: Tuesday, August 4, 2015, 18:07

Bulls ran out of fuel Tuesday as the benchmark BSE Sensex snapped its four-day winning run by losing 115 points to 28,071.93 after RBI kept interest rates unchanged looking at stickiness of inflation and banks passing on to consumers only less than half of its previous rate cuts.

Rajan links more easing to lower bank rates, monsoon, inflation

Last Updated: Tuesday, August 4, 2015, 16:05

After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.

RBI may cut interest rates before next policy review: Rajan

Last Updated: Tuesday, August 4, 2015, 15:20

RBI Governor Raghuram Rajan on Tuesday hinted that the central bank may cut interest rates before the next policy announcement on September 29, depending upon macroeconomic indicators.

India Inc disappointed over RBI holding rates

Last Updated: Tuesday, August 4, 2015, 15:15

Disappointed with the RBI's move to hold policy rates, India Inc today said the central bank should have slashed the benchmark rate to address risks to economic growth accruing from weak demand conditions which are holding back investments, as cost of capital remains high.

Rajan favours removing RBI Guv veto power on deciding rates

Last Updated: Tuesday, August 4, 2015, 13:15

He further said that while the details of the monetary policy committee (MPC) will have to be ironed out, "there are no differences between RBI and the government" on this matter.

Interest on loans not to come down as RBI keeps interest rates unchanged

Last Updated: Tuesday, August 4, 2015, 13:07

RBI in his third bi-monthly policy of the fiscal, left benchmark lending (repo) rate unchanged at 7.25 percent as also the cash reserve ratio (CRR) at 4 percent.

RBI monetary policy: Key highlights

Last Updated: Tuesday, August 4, 2015, 12:50

Lets have a look at the highlights of the third bi-monthly monetary policy statement by the RBI.

No difference with govt on monetary policy panel: Rajan

Last Updated: Tuesday, August 4, 2015, 11:42

Rajan said that veto power with RBI governor in proposed monetary policy panel will mean no change from current rate setting practice.

RBI expected to stand pat, words weighed for future cuts

Last Updated: Tuesday, August 4, 2015, 04:21

India`s central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year.

Interest on loans not to come down as RBI keeps key rates unchanged

Last Updated: Tuesday, August 4, 2015, 00:53

The Reserve Bank of India (RBI) kept its interest rates unchanged at its third bi-monthly monetary policy review on Tuesday.

No decision on curtailing RBI Guv power on rates: FinMin

Last Updated: Monday, August 3, 2015, 22:42

As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government Monday said no decision on curtailing powers of the central bank has yet been taken.