India allowed current account convertibililty which means foreign exchange is available for the trade account — imports and exports.
The RBI said it received complaints from borrowers as banks were refusing to grant loans without ‘No due certificate’..
India has accumulated its highest ever forex reserves. Government must build on this
The previous life-time high was $320.79 billion, way back in the week ended September 2, 2011.
These measures will come into force with effect from April 1, 2015.
Most forecasts of repo rate cuts needed in India this year seem to be out of sync with the underlying trend of inflation and growth in India and the world.
The 728-point jump in the Sensex immediately after the RBI announced a 0.25 per cent cut in its policy rate shows how desperately the economy was longing for a lowering of interest rates. But the absence of a further rise the next day showed that second thoughts were setting in. The market is beginning to […]
Banks should have a board-approved policy delineating the components of spread charged to a customer.
Based in US, all four NGOs have campaigned against use of coal as a source of energy.
The RBI governor defended his decision not to lower interest rates at his last monetary policy review.
Most expert views in India are in fact an ex-post opinion for every ex-ante fact.
Analysts said this is possibly a factor that could have prompted the RBI to go for a repo rate cut on Thursday.
Experts feel that the policy rates may go down by up to 100 basis points (1 percentage point) in the calendar 2015.
Being a rate-sensitive sector, realty has been under stress over the last couple of years as high rates kept home buyers away.
Most other economies do not have the rate cut option as their rates are low, and inflation is high.