RBI to facilitate oil payments of $6.5 billlion to Iran

Last Updated: Wednesday, August 5, 2015, 19:45

he Reserve Bank of India (RBI) will assist Indian refiners to clear over USD 6.5 billion of past dues they owe to Iran for crude oil purchases, a senior official said Wednesday.

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.

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.

No room for cut in lending rates in near-term: Bankers

Last Updated: Tuesday, August 4, 2015, 20:10

Bankers Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank rapped them for not fully passing on to borrowers three cuts in the key rate this year, saying it expects them to do so in the near future.

RBI cautious now, 0.25% rate cut likely in September: Rangarajan

Last Updated: Tuesday, August 4, 2015, 19:59

Stating that RBI has adopted a cautious approach in keeping rates unchanged, former Governor C Rangarajan Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.

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 policy desolates realtors; want rate cut to boost sector

Last Updated: Tuesday, August 4, 2015, 18:52

Real estate industry Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.

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 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.

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.