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RBI keeps rates unchanged on demonetization, US Fed rate concerns

RBI keeps rates unchanged on demonetization, US Fed rate concerns

The six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty” of volatility related to US rate hike and the local demonetization drive. RBI also withdrew incremental cash reserve ratio (CRR) [...]

December 10, 2016 Saheli News Comments Off on RBI keeps rates unchanged on demonetization, US Fed rate concerns

Interest rate sensitive shares in focus ahead of RBI policy

Interest rate sensitive shares in focus ahead of RBI policy

Interest rate sensitive shares from the sectors such as banking, automobiles and real estate were in focus ahead of the Reserve Bank of India (RBI) Governor Urjit Patel-led Monetary Policy Committee (MPC) meeting due later in the day. A majority of the nearly 60 analysts polled by Reuters predict the RBI will cut the repo [...]

December 7, 2016 Saheli Business Comments Off on Interest rate sensitive shares in focus ahead of RBI policy

New Rs 500 notes with faulty printing valid: RBI

New Rs 500 notes with faulty printing valid: RBI

They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion — because of printing errors.   Apparently, in a rush to go to print, an unspecified number — no one knows exactly how many — of notes of Rs 500 denomination have visible errors.   They have caused [...]

November 25, 2016 Saheli Business Comments Off on New Rs 500 notes with faulty printing valid: RBI

RBI to cut rates in early 2017, aided by tame inflation: Reuters poll

RBI to cut rates in early 2017, aided by tame inflation: Reuters poll

The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more, a Reuters poll found. New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used [...]

October 18, 2016 Saheli Business Comments Off on RBI to cut rates in early 2017, aided by tame inflation: Reuters poll

RBI Governor’s ranking must be elevated, says Raghuram Rajan

RBI Governor’s ranking must be elevated, says Raghuram Rajan

Bidding adieu:Governor Raghuram Rajan says RBI’s role needs to be clearly defined by the government.— PHOTO: PTI The Reserve Bank of India chief Raghuram Rajan made a strong case for an ‘independent’ central bank and an elevation in the ranking of the central bank Governor’s post. In the interests of macroeconomic stability, the ranking of [...]

September 4, 2016 Saheli Business Comments Off on RBI Governor’s ranking must be elevated, says Raghuram Rajan

RBI Governor race: SBI chief keeps guesswork alive

RBI Governor race: SBI chief keeps guesswork alive

Keeping the guessing game going, SBI Chairperson Arundhati Bhattacharya on Friday stated that her name being considered for RBI’s Governor’s position is media speculation as she is “not saying anything” on it. Responding to a media query on the most talked about succession race to the Mint Street corner office, Ms. Bhattacharya said: “I am [...]

July 29, 2016 Saheli News Comments Off on RBI Governor race: SBI chief keeps guesswork alive