News Source: The Hindustan Times
| about 1 month ago
Markets on Tuesday tumbled by over 380 points on frenzied selling triggered by the Reserve Bank's quarterly monetary policy review, which investors viewed as hawkish even though key policy rates were kept unchanged. The Bombay Stock Exchange...
News Source: India Abroad
| about 1 month ago
The index after extending losses recovered for a brief while after the announcement of the RBI credit policy review. However, the index soon tumbled deeper into the negative territory to touch a low of 16,311 as the review turned out to be hawkish...
News Source: India Abroad
| about 1 month ago
The RBI will tighten the monetary policy only when economy starts overheating. "Currently, there is no need for that," former Prime Minister's Economic Advisory Council chairman Suresh Tendulkar said. The RBI, which had been following soft monetary...
News Source: India Abroad
| about 1 month ago
Harsh Pati Singhania said in a statement while expressing hope that the policy will continue to ensure credit availability at the right cost. It is prudent to retain the monetary stimulus provided a few months ago which along with the fiscal stimulus...
News Source: The Hindustan Times
| about 1 month ago
Finance Minister Pranab Mukherjee on Tuesday ruled out any roll back of the stimulus package in a hurry and welcomed the stance taken by the central bank in its second quarterly review of the monetary policy. "Until the economy is on a firm recovery...
News Source: The Financial Express
| about 1 month ago
Finance Minister Pranab Mukherjee said he would rather go with the economic growth projection of the Prime Minister's economic panel, saying the six per cent forecast by RBI was way too conservative. "RBI always makes very hard and conservative...