While the RBI criticises policy, it does not use its own limited authority effectively.
The RBI, which has been under pressure to cut rates in order to boost investments and growth, is scheduled to announce the bi-monthly monetary policy on August 4.
Direct exposure to Greece limited, little impact of debt crisis: RBI governor.
Raghuram Rajan has asked central banks from across the world to define “new rules of the game.”
Banks, the Governor says, are trying to clean up their books but he believes the consensus at joint lending fora wherein they’re lending more to companies that are under stress “tends to be lenient”.
RBI received 72 applications for small finance banks and 41 applications for payment banks.
Crisil revised GDP growth forecast down by 50 bps to 7.4% from 7.9%, predicted agriculture growth to be 1.5% on a weak base of 0.2% in FY15.
RBI lowers growth estimate to 7.6%, says inflation may rise to 6% by Jan ’16.
The RBI’s target inflation rate is 6% by January 2016 and the central bank wants to reduce inflation to 4% over the coming couple of years.
Two factors that are likely to revive corporate investments, earnings, credit growth and thereby the equity markets over the next few quarters are a cut in interest rates and increased public spending, especially in the infrastructure space. While higher government spending may take some time, there is a feeling that with the softening of inflation, […]
Rajan made a strong case for the IMF to analyse each new unconventional monetary policy, including sustained unidirectional exchange rate intervention.
“The government is “sensitive” to the concerns of investors and is looking into addressing economic issues, he said.
The benchmark 8.40 per cent-2024 bond closed at Rs 103.2175 or at a yield of 7.8981 per cent on Monday as against Friday’s close of Rs 102.90 or 7.9465 per cent.
RBI in constant dialogue with Centre to see how we can make it function effectively: Rajan on PDMA.
Mr Raghuram Rajan and Mr Jaitley is obliged to disclose and explain the take on PDMA.