India: Economy weakens as Central Bank leaves interest rate at 8 per cent - Breaking News Allvoices

News Stories Related To: India: Economy weakens as Central Bank leaves interest rate at 8 per cent

New Delhi : India | almost 2 years ago  
India is struggling with trade and budget deficits and a slowing economy coupled with high inflation. Many analysts expected that India would cut its interest rate to stimulate the...
    • Clear
    • Share:
    • Share
    • Clear
    • Clear
    • Clear
    • Clear
     
  • Read full report
   Reach     Credibility Credibility of 5
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Related news stories

  • Downgrade for UK banks raises fears of credit crunch

      The Independent | almost 2 years ago
    There was a time when I would rather die than live with the guilt that came after drinking the nutri... Today is the day where doctors (some not all) take industrial action over government planned pension.....The big question for me is how are...
  • Emerging Markets Report: India stocks up as oil falls; rupee at record low

      MarketWatch | almost 2 years ago
    Stocks bucked the broader trend in Asia, hit by further evidence of a slowdown in China's manufacturing and by disappointment over a lack of major stimulus measures by the Federal Reserve. The resulting strength in the U.S. dollar led the rupee to...
  • Is Europe Making Japan Unsafe For US Investors?

      International Business Times | almost 2 years ago
    Japan 's first trade shortfall with the EU, along with its rising level of government debt, could make the country an increasingly unsafe destination for U.S investors. Share This Story The decline in Japan 's trade surpluses over the past four years...
  • ECB mulls scrapping rating rules for govt bonds

      The Economic Times | almost 2 years ago
    The European Central Bank is discussing a medium-term plan to scrap rating rules on euro zone sovereign bonds and instead set their value when used as collateral in lending operations on its own internal assessment, central bank sources said. With...
  • India incredible investment destination: FinMin

      The Economic Times | almost 2 years ago
    Amid a barrage of criticism from various global agencies on economy, and rating outlook downgrades, the government has come out with a 'fact book' listing the strengthens of India such as political stability and sound financial system. Emphasising...
  • No reason for downgrade of India's financial agencies: Mittal

      Daily News & Analysis | almost 2 years ago
    A day after global rating agency Fitch downgraded to negative the credit outlook of 12 Indian financial institutions, the government today said there was no reason for such action. "We don't find any reason whatsoever that why Indian banks should be...
  • Rupee slumps to record low of 56.57 against dollar

      NewKerala | almost 2 years ago
    The partially convertible rupee was trading weak for the fourth consecutive session. The rupee opened weak at 56.40 against a dollar and hit a record low of 56.57 at around 1.23 p.m. at the Interbank Foreign Exchange market, breaching its previous...
  • JPMorgan upgrades Indian equities to 'overweight'

      The Economic Times | almost 2 years ago
    organ on Thursday upgraded Indian equities to "overweight" from "neutral", citing a number of factors including historic valuations, expectations for monetary stimulus , lower oil prices, and a weak rupee. The investment bank, in a report dated June...
  • Rupee near record low; RBI intervention eyed

      The Economic Times | almost 2 years ago
    Rupee fell on Thursday to its lowest since hitting a record low against the dollar on May 31, as disappointment about the scope of U.S...Traders were on watch for any potential intervention from the Reserve Bank of India to defend the currency, as...
  • S&P, India Inc overdoing gloom on economy?

      The Economic Times | almost 2 years ago
    T T Ram Mohan, Professor, IIM-Ahmedabad So you think India is doing badly? Sample this: China's growth rate in the second quarter of the year is expected to dip below 7%. India's growth rate has tended to be, in general, two to three percentage...
  • Re falls below 56 as Fitch lowers banks' outlook

      Time of India | almost 2 years ago
    The rupee slipped beyond 56 level as the domestic currency slipped for the third consecutive day as rating agency Fitch lowered the outlook of Indian banks and financial institutions. The local currency ended the day to close at 56.15 against the...
  • Rupee ends below 56; at near 3-week low

      The Economic Times | almost 2 years ago
    The rupee weakened for a third consecutive session on Wednesday to end below 56 to the dollar for the first time in June, as dollar demand from oil firms weighed, setting up the prospect of central bank intervention. The rupee is approaching a record...
  • Greek euro exit would hit insurers' ratings: Fitch

      The Economic Times | almost 2 years ago
    The credit ratings of European insurers would be cut if Greece was to suffer a disorderly exit from the euro, hit by a slump in the value of their investments, credit rating agency Fitch said on Wednesday. Worst-hit would be those in fiscally-...
  • Fitch lowers rating outlook of 3 Indian banks

      India Abroad | almost 2 years ago
    T he list of downgraded entities include six government banks (including an international banking subsidiary of a government bank), two private banks...Besides two wholly owned government institutions -- Export-Import Bank of India and Housing and...
  • Fitch revises outlook of SBI, PNB, ICICI, Axis Bank & others to negative

      The Economic Times | almost 2 years ago
    In yet another blow to investor sentiment, Fitch Ratings on Wednesday revised the outlook of Indian Financial institutions to negative from stable. Bank, Punjab National Bank ( PNB ), Axis Bank among others has been reduced to negative...However, the...
  • RBI chief warns over government dormancy

      NewKerala | almost 2 years ago
    It was crucial that the RBI check demand pressures while the government sought to ease bottlenecks, particularly in food distribution, governor D Subbaro said, in his first comments since a controversial decision on Monday to not lower key interest...
  • Rupee at two-week low

      Times of Oman | almost 2 years ago
    India's rupee dropped to the lowest level in more than two weeks on speculation foreign investors will slow purchases of the nation's stocks after the central bank unexpectedly kept borrowing costs unchanged. The Reserve Bank of India's benchmark...
  • Fitch affirms ratings, outlook

      Business World | almost 2 years ago
    The country remains rated BB+, one notch below investment grade, with a stable credit outlook. "The ratings and outlook are supported by strong external finances, a track record of macroeconomic stability, favorable economic prospects and falling...
  • Foreign ownership of Japanese debt at 8.3%

      Japan Times | almost 2 years ago
    Overseas investors owned 8.3 percent of JGBs as of the end of the fiscal year in March, the Bank of Japan said in a report Tuesday. This was the most since the end of fiscal 1979, the earliest for which comparable data are available. On a quarterly...
  • India to take steps to improve its credit rating

      NewKerala | almost 2 years ago
    Finance Minister Pranab Mukherjee said this in New Delhi on Tuesday. Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard and Poor's made a similar call, citing risks that India's growth...
  • Fitch keeps PHL sovereign debt rating unchanged with stable outlook

      GMA News | almost 2 years ago
    It was the second fastest GDP growth in Asia next to China and surpassed the government forecast of 5.2 percent.   Fitch sees the Philippine output at a faster 5.5 percent this year from 3.9 percent last year and from 7.6 percent in 2010, said...
  • Govt trying to improve foreign investment inflow: FM

      Indian Express | almost 2 years ago
    M '+google_ads[i].line2 +'  '+google_ads[i].line3 + ' Agencies : New Delhi, Tue Jun 19 2012, 14:04 hrs The government is taking steps to improve inflow of foreign investment and the impact of the initiatives will become visible after some time,...
  • Sensex recovers 88 points in early trade

      The Hindu | almost 2 years ago
    The Bombay Stock Exchange benchmark Sensex recovered by over 88 points in early trade Tuesday after Monday's steep fall on emergence of buying by funds and retail investors even as rating agency Fitch lowered India's credit rating outlook to negative.
  • RBI woni¿½t, Fitch does; and both blame the govt

      Daily News & Analysis | almost 2 years ago
    Hours after Reserve Bank of India (RBI) governor Duvvuri Subbarao ignored finance minister Pranab Mukherjee's covert goading, Fitch Ratings downgraded India's outlook to negative from stable. The move on Monday comes just a week after rival Standard &...
  • Fitch downgrades India's outlook

      BBC | almost 2 years ago
    Fitch warned India's growth potential "will gradually deteriorate if further structural reforms are not hastened". It also added that the government had made little progress on reducing its deficit. The downgrade comes just days after Standard & Poor'...
  • RBI?s middle game

      Indian Express | almost 2 years ago
    RBIs middle game '+google_ads[i].line2 +'  '+google_ads[i].line3 + ' That rates remain unchanged could indicate it was given no clear political message The Reserve Bank of India has decided that data on growth slowdown is still mixed but that on...
  • Now, Fitch lowers India's credit rating to negative

      The Economic Times | almost 2 years ago
    Global rating agency Fitch has joined Standard & Poor's in lowering India's outlook to negative from stable, citing stalled structural reforms, high inflation and limited progress on fiscal consolidation. However, the government was quick to rubbish,...
  • Fitch downgrade to hit India's image as investment destination

      Times of India | almost 2 years ago
    Fitch's downgrade of its outlook on the Indian economy comes close on the heels of S&P last week unveiling a report which strongly criticised the government's inability to move ahead with economic reforms and referred to cracks in the ruling...
  • RBI Rate Decision Pressures Delhi For Fiscal Action

      International Business Times | almost 2 years ago
    The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns pressures the ruling Congress Party to find a fiscal solution to the country's flagging economy. Share This Story The RBI left...
  • India Holds Interest Rates Steady Amid Slow Growth

      Voice of America | almost 2 years ago
    VOA News June 18, 2012 India's central bank kept interest rates unchanged Monday in a bid to curb inflation, despite pressure to cut rates to spur lagging economic growth. The Reserve Bank kept the rate at 8 percent, and the cash reserve rate for...
  • Monsoon rains pick up, cover almost half of India

      Times of India | almost 2 years ago
    India's annual monsoon rains have covered almost half of the country, showing signs of a pick-up after falling short in the first 15 days of the season, weather officials said on Monday. The rebound eases concerns about the planting of summer-sown...
  • India's Central Bank Holds Interest Rate Steady

      International Business Times | almost 2 years ago
    India 's central bank surprised global markets Monday by holding its key interest rate steady at 8 percent as concerns over inflation trumped worries about the nation's slowing economy. The move to keep the so-called policy repo rate unchanged...
  • Fitch downgrades India's outlook to negative

      DAWN | almost 2 years ago
    Fitch Ratings downgraded India's credit outlook from stable to negative Monday, saying that the country's growth potential will deteriorate without a quickening of structural reforms. The latest blow to India's economy follows a similar downgrade by...
  • Fitch Lowers India's Credit Outlook to Negative at the Cusp of Junk Status

      International Business Times | almost 2 years ago
    Fitch Ratings lowered the outlook on India 's BBB- credit rating to negative from stable and warned that it could be downgraded to junk status if the country's growth, policymaking and governance deteriorated further. Share This Story "Against the...
  • India stuns, keeps rates steady as growth crumbles

      Turks and Caicos Free Press | almost 2 years ago
    India 's central bank left interest rates and required bank reserves unchanged on Monday, defying widespread expectations for a rate cut and warning that relaxing policy could worsen inflation...The Reserve Bank of India kept its policy repo rate...
  • India interest rate unchanged on inflation fears

      AP Online | almost 2 years ago
    India (AP) — India's central bank left its key interest rate unchanged Monday due to inflation concerns, thwarting hopes of a rate cut to kickstart flagging growth in Asia's third-largest economy. The Reserve Bank of India said the...
  • RBI defies mkt expectations, leaves interest rates unchanged

      Indian Express | almost 2 years ago
    The central bank kept its policy repo rate unchanged at 8 per cent and left the cash reserve ratio for banks at 4.75 per cent. Further reduction in the policy interest rate at this juncture, rather than supporting growth, could exacerbate...
  • RBI keeps CRR unchanged at 8%, no cut in repo rate

      The Economic Times | almost 2 years ago
    The Reserve Bank of India (RBI) on Monday kept the cash reserve ratio ( CRR ) unchanged at 4.75 per cent. No cut in the repo rate was announced, maintaining it at 8 per cent. RBI in its monetary policy review said that while growth has moderated,...
  • India expected to make rate move

      BBC South Asia | almost 2 years ago
    India central bank expected to cut interest rate The rising cost of food has been a threat to India's economic growth India's central bank, the Reserve Bank of India (RBI), is expected to lower its interest rates in a bid to spur growth in the...
  • RBI may cut repo rate by 25 bps, leave CRR unchanged: Poll

      The Economic Times | almost 2 years ago
    With the growth staggering to astonishingly dismal levels, all eyes are on the Reserve Bank of India (RBI)'s monetary policy review, to provide an impetus to the Indian economy. However, according to an ET Now Poll of analysts, 65 per cent expect the...
  • RBI likely to cut lending rates today

      NewKerala | almost 2 years ago
    Data showed last month that India's economy grew at a nine-year low of 5.3 percent in the January-March quarter, reinforcing concerns about the country's economy plagued by stubborn inflation, a gaping deficit and government policy deadlock. Indias...
  • RBI likely to cut interest rates despite high inflation

      The Hindustan Times | almost 2 years ago
    Reserve Bank of India is expected to cut interest rates on Monday in a bid to breathe fresh life into a sputtering economy even as inflation remains uncomfortably high. After cutting its policy rate by 50 basis points to 8.00% in April, the Reserve...


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.