Inflation hits zero level, lowest in over 5-years

Last Updated: Monday, December 15, 2014, 12:51

Declining prices of vegetables and fuel items pulled down the inflation to zero level in November, the lowest in about five and half years, exerting pressure on RBI to cut rates to boost growth.

Rise in current account deficit not matter of concern: Arun Jaitley

Last Updated: Tuesday, December 9, 2014, 15:13

The CAD in second quarter this fiscal increased on account of higher trade deficit contributed by deceleration in export growth and increase in imports.

India forex reserves up $1.432 billion to $316.311 billion

Last Updated: Friday, December 5, 2014, 21:11

The country's reserves surged by USD 1.432 billion to USD 316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed Friday.

Don't replace Gandhi with other leaders on banknotes: RBI panel

Last Updated: Friday, December 5, 2014, 15:51

A Reserve Bank panel has decided against the inclusion of any other national leader's image on banknotes saying that no other personality could better represent the ethos of India than Mahatma Gandhi.

RBI says 'reasonably comfortable' with current account deficit

Last Updated: Wednesday, December 3, 2014, 15:14

The Reserve Bank of India is "reasonably comfortable" with the current account deficit because of lower oil prices, deputy governor H. R. Khan said.

Don't intend to flip-flop on policy: Raghuram Rajan

Last Updated: Tuesday, December 2, 2014, 12:22

The central bank`s talks with the government suggest "things will be on track with respect to fiscal deficit," he added during a press conference with reporters.

Chidambaram asks govt to convince RBI for a rate cut

Last Updated: Friday, November 28, 2014, 22:14

In a statement he said, no one should be surprised that the second quarter of 2014-15 returned a growth rate of 5.3 percent.

Fin Min says rupee on stronger footing, assures stability in markets

Last Updated: Thursday, January 30, 2014, 19:43

The Finance Ministry on Thursday said the government and RBI are vigilant and all steps will be taken to ensure stability in financial markets.

'Inflation is both monetary and political issue'

Last Updated: Wednesday, January 29, 2014, 21:28

Rajan also said the Reserve Bank is not blind to issues arising from low growth.

India's forex reserves drop $2.5 bn to $293 bn

Last Updated: Friday, January 10, 2014, 20:59

India's foreign exchange reserves declined by USD 2.599 billion to USD 293.11 billion in the week ended January 3 on account of a fall in foreign currency assets, RBI said today.

Inflation may ease to 6.5% in December: Rangarajan

Last Updated: Sunday, December 22, 2013, 16:56

A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 percent and 9.20 percent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Saturday.

Commerce Ministry for easing of gold import norms for exporters

Last Updated: Sunday, December 22, 2013, 12:38

In a letter to Economic Affairs Secretary Arvind Mayaram, Commerce Secretary S R Rao has asked him to "look into the matter (gold imports by exporters) and issue necessary instructions to RBI for removal of the anomaly.