Raghuram Rajan reassures markets as China woes spread like wildfire

Last Updated: Monday, August 24, 2015, 11:30

Rajan said the country has USD 380 billion in forex reserves to be used as and when the need arises. He also said he sees oil prices remaining at low levels at for a year or two.

Low inflation, not public pleading, should drive rate cut: Raghuram Rajan

Last Updated: Monday, August 24, 2015, 11:07

"Rate cuts should not be seen as goodies that the RBI gives out stingily after much public pleading," Rajan said in a speech to a banking event.

RBI likely to go for 0.25% cut in September: HSBC

Last Updated: Sunday, August 23, 2015, 12:21

According to the global financial services firm, food prices have been falling across all major sub-groups, across the CPI and WPI measures, both on annual and sequential basis.

Raghuram Rajan nudges banks to cut lending rates

Last Updated: Thursday, August 20, 2015, 23:01

RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.

Rate cuts: Raghuram Rajan says watching monsoon impact on inflation

Last Updated: Thursday, August 20, 2015, 17:11

Amid persistent rate cut calls from the government and the industry, RBI Governor Raghuram Rajan on Thursday said the central bank is keeping a watch on monsoon and global factors to assess their impact on inflation.

Government steps up pressure on RBI to cut rate

Last Updated: Thursday, August 20, 2015, 15:38

Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points.

Renault-Nissan may cut 3,000 jobs in India

Last Updated: Thursday, August 20, 2015, 15:18

Renault-Nissan also plans to reduce production at its plant near Chennai.

RBI will take note of falling inflation: Jaitley

Last Updated: Tuesday, August 18, 2015, 23:02

Making a case for interest rate cut, Finance Minister Arun Jaitley Tuesday hoped that RBI will take note of the declining inflation and take a decision accordingly.

Rate cuts, lower oil prices to boost consumption: BofA

Last Updated: Monday, August 17, 2015, 23:03

Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.