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.

RBI can cut rate if inflation stays below 6%: Rajan

Last Updated: Wednesday, August 5, 2015, 15:32

RBI expects retail inflation to be around 6.1 percent in January-March, 2016.

Not worried about Fed rate hike impact on economy: Rajan

Last Updated: Tuesday, August 4, 2015, 22:04

Ruling out any major disruptions in domestic market as and when the US Federal Reserve hikes its record low interest rates, RBI Governor Raghuram Rajan Tuesday said he is not worried about its impact on the Indian economy.

Rajan warns of action against banks hiding true NPA numbers

Last Updated: Tuesday, August 4, 2015, 22:02

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

RBI prefers open market bond sales to suck liquidity: Rajan

Last Updated: Tuesday, August 4, 2015, 22:00

RBI prefers sale of government bonds through open market operations (OMO) to suck out liquidity from the system, which is determined by market conditions, Governor Raghuram Rajan said Tuesday.

Government hopes RBI will cut interest rate in September

Last Updated: Tuesday, August 4, 2015, 21:26

With inflation under control, the government hopes that RBI, which has maintained status quo in Tuesday's monetary policy review, will cut interest rate next month to boost much-needed investments and growth.

Rajan says crude, commodity fall best chance to curb inflation

Last Updated: Tuesday, August 4, 2015, 21:09

A continuing plunge in crude oil and other commodity prices in global markets offers one of the best and the lowest-cost means to choke the inflation fangs sustainably and India must take advantage of this scenario, RBI Governor Raghuram Rajan said Tuesday.

Raghuram Rajan maintains status quo, wants banks to cut rates

Last Updated: Tuesday, August 4, 2015, 19:32

After three cuts in seven months, the RBI decided to keep the benchmark lending (repo) rate unchanged at 7.25 percent as also the cash reserve ratio (CRR) at 4 percent.

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.

RBI has space to cut rate by 0.25% this year: HSBC

Last Updated: Tuesday, August 4, 2015, 17:59

The Reserve Bank has space for a final 25 basis points rate cut this year, after which it will be "difficult" for it to lower rates as meeting the medium term inflation target may get harder, says an HSBC report.

Rajan says talking to govt to hike FPI cap in govt bonds

Last Updated: Tuesday, August 4, 2015, 15:50

Reserve Bank is in discussions with the Finance Ministry to raise the Foreign Portfolio Investment (FPI) cap in government bonds, Governor Raghuram Rajan said on Tuesday.

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.