India
RBI seen cutting India rates next year-JP Morgan
The Reserve Bank of India is likely to cut its benchmark bank rate in the financial year starting April 2001 due to a more stable rupee, comfortable money market liquidity, record foreign exchange reserves, and an easing bias in global interest rates, JP…
Reserve Bank of India rules out rates cut
The Reserve Bank of India Saturday admitted that the cost of borrowing is high, but ruled out a rate cut during this fiscal year as it has already softened.
RBI governor favours flexible inflation target
Central bank inflation targets should be flexible to allow for varying economic conditions, Reserve Bank of India governor Bimal Jalan said Thursday.
Banks await RBI governor speech at forex meeting
Indian foreign exchange market players are eagerly waiting to see if the Reserve Bank of India makes any direct or indirect comments on the foreign exchange markets and interest rates at the 21st Asia-Pacific Forex Congress.
India reconstitutes RBI central board of directors
The Indian government has reconstituted the central board of directors of the Reserve Bank of India as part of a periodic reshuffle, a central bank statement said on Tuesday.
Patil to head proposed SBI clearing corporation
R H Patil, former managing director of the Indian National Stock Exchange, is expected to take charge as the chairman of the proposed SBI Clearing Corporation for the money and foreign exchange market.
India's central bank urges state govts to reform
India's central bank on Friday urged the country's state governments to enact speedy reforms."As a result of financial sector reform, there are more stringent overall limits to fiscal expansion, impinging on both central and state governments," Reserve…
India's RBI advocates cautious pension reform
The Indian government needs to move cautiously before letting the private sector manage pension funds, a top central bank official said on Friday.
RBI governor says policy juggling is the best
Many central banks around the world target price inflation, but the RBI has multiple economic targets, says Alan Beattie from the Financial Times.