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RBI pins hope on normal monsoon; expects inflation at 4% by August

Last Updated: Tuesday, April 7, 2015, 14:24

The Reserve Bank on Tuesday said it is assessing the impact of unseasonal rains and hailstorms on food prices even though it hoped that normal monsoon in the coming months would bring down retail inflation to about 4 percent by August.

RBI credit policy: Key Highlights

Last Updated: Tuesday, April 7, 2015, 12:03

Highlights of RBI's first bi-monthly monetary policy statement, 2015-16.

RBI credit policy: Rajan offers no respite to borrowers, keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 11:56

Reserve Bank Governor Raghuram Rajan on Tuesday kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts.

No EMI relief for borrowers as RBI keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 08:38

Reserve Bank on Tuesday left interest rate unchanged in its annual monetary policy due to increased food prices after unseasonable rains in various parts of the country.

Jaitley is certain there will be more rate cuts in future

Last Updated: Wednesday, March 25, 2015, 19:57

Days ahead of RBI's annual monetary policy, Finance Minister Arun Jaitley on Wednesday said India needs lower interest rates for high growth and certainly there will be more rate cuts in future triggering reduction in cost of borrowings.

RBI tightens screws on gold funding

Last Updated: Friday, May 3, 2013, 15:39

The Reserve Bank also restricted the lending against gold coins up to 50 grams only.

RBI pegs 5.7% growth for current fiscal

Last Updated: Friday, May 3, 2013, 14:48

Projecting a modest pick-up in economic activity in the coming months, Reserve Bank on Friday pegged the Gross Domestic Product (GDP) growth rate for the current fiscal at 5.7 percent, significantly lower than the Finance Ministry's forecast of 6.1 to 6.7 percent.

RBI cuts repo rate by 0.25%; may not result in lower loan rates

Last Updated: Friday, May 3, 2013, 08:42

The bank lowered the short-term lending (repo) rate to 7.25 percent from 7.50 percent, lowest since May 2011 while retaining the CRR for banks unchanged at 4 percent.

RBI's move to cut repo rate by 50 bps unexpected: Analysts

Last Updated: Tuesday, April 17, 2012, 17:24

The Reserve Bank's decision to cut repo rate by 50 basis points in its annual monetary policy for 2012-13 has been termed by market analysts as an "unexpected" positive move.

RBI Governor meets FM to discuss macro-economic situation

Last Updated: Tuesday, April 3, 2012, 16:05

A fortnight before the 2012-13 annual monetary policy, which may lower interest rates, RBI Governor D Subbarao on Tuesday discussed the economic situation with Finance Minister Pranab Mukherjee.