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.
Recently RBI and the ministry have run into differences over who will manage the public debt office and that of managing government securities.
Rajan said it is a very complicated issue that should neither be taken lightly nor should an easy and rushed explanation be offered to the tragic incidents of suicides.
While the gross NPA percentage crossed 5 per cent for PSU banks, for private banks it was marginally up at 2.1 per cent.
The police have registered a case under various Sections of the IPC and certain sections of the Information Technology Act on Thursday.
Security has been beefed up after RBI Governor Raghuram Rajan received a threatening e-mail.
Axis Bank has slashed the home loan rates by 20 basis points to 9.95 per cent with effect from April 13, 2015.
The apex bank has received 72 applications for small finance bank.
Rajan hinted that RBI might issue licenses for setting up of payment banks, small finance banks and a postal bank.
SBI, HDFC Bank cut lending rates by 15 bps each; ICICI slashes by 25 bps.
The repo rate will continue to be at 7.5 per cent and the cash reserve ratio will remain at 4 per cent.