Times of Oman
India's central bank cut lenders' reserve requirements to back a policy revamp by the government aimed at reviving growth, while leaving interest rates unchanged to fight price pressures. Reserve Bank of India (RBI) governor Duvvuri Subbarao reduced...
India Abroad
W ith inflation likely to persist at 7.5-8% till December, we didn't expect RBI Governor Subbarao to cut policy rates on Tuesday. We continue to urge Reserve Bank of India [ Get Quote ] to ease liquidity to bring down lending rates on a war footing,...
India Abroad
I t is unfortunate that the Reserve Bank of India [ Get Quote ] has not changed the policy rate in spite of several data points such as lower industrial production, slow credit growth and dwindling investments showing absolutely disappointing trends.
India Abroad
H igh on rhetoric and low on delivery is what I would call the RBI credit policy. Coming on the back of a big-bang Cabinet reshuffle and the finance minister suggesting everything is on track or will be soon, the announcement is slightly...
Daily News & Analysis
Duvvuri Subbarao deftly sidestepped a North Block bid to hustle an interest-rate cut on Tuesday. The Reserve Bank of India (RBI) governor, instead, did something far cannier he proffered a cash reserve ratio (CRR) cut of 25 basis points so as to not...