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RBI's rate cut move seen at easing borrowing rates India's central bank, the Reserve Bank of India (RBI) slashed, Saturday, its key short-term lending rate or repo rate by 50 basis points to 7.5 percent and banks' cash reserve requirement (cash reserve ratio or CRR or the proportion of deposits banks need to keep with the central bank) by 100 basis points to 5.5 percent, giving rise to expectations that bankers would soon look at reducing their lending and deposit rates in the near future. 01 Nov 2008
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RBI cuts repo rate, CRR to ease liquidity crunch India's central bank moved, Saturday, slashing its key short-term lending rate or repo rate by 50 basis points to 7.5 percent and banks' cash reserve requirement (cash reserve ratio or CRR or the proportion of deposits banks need to keep with the central bank) by 100 basis points to 5.5 percent to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 01 Nov 2008
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RBI disappoints market, leaves repo rate, CRR intact India's central bank, the Reserve Bank of India (RBI) kept interest rates unchanged as expected on Friday to see if a hefty, surprise cut earlier this week shores up the economy in the face of a global slowdown. 24 Oct 2008
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India Inc. welcomes RBI's move to cut repo rate, urges more India Inc. cheered, Monday, as India's central bank, the Reserve Bank of India (RBI) slashed its key short term lending rate by 100 basis points to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 21 Oct 2008
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India's central bank slashes repo rate by 1 percent to ease liquidity strain India's central bank, the Reserve Bank of India (RBI) slashed its key lending rate by 100 basis points to 8 percent, on Monday, to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 20 Oct 2008
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RBI announces 1 percent cut in CRR, India Inc. welcomes move India's central bank, the Reserve Bank of India (RBI) announced, on Wednesday, a cut in cash reserve ratio (CRR or the proportion of deposits banks need to keep with the central bank) by 1 percentage point to 6.5 percent, a move that is aimed at releasing Rs.40,000 crore (approx. $9 billion) into the banking system and ease the credit crunch that has roiled the domestic financial market. 15 Oct 2008
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Inflation remains steady and stable at 12.14 percent, price pressures remain India's wholesale price index (WPI)-based inflation rate remained steady and unchanged at 12.14 percent in the 12 months to September 13, compared to previous week's figure, government data showed on Thursday, indicating that inflation is stabilizing. 25 Sep 2008
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Inflation rises marginally to 12.14 percent; "stable," say FinMin India's wholesale price index (WPI)-based inflation rate rose marginally to 12.14 percent in the 12 months to September 6, from previous week's figure of 12.10 percent, government data showed on Thursday, indicating that inflation is stabilizing. 18 Sep 2008
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India's inflation rate seen moderating, slips to 12.10 percent India's wholesale price index (WPI)-based inflation rate eased to 12.10 percent in the 12 months to August 30, from previous week's figure of 12.34 percent, government data showed on Thursday, bringing optimism that the central bank might relax its tight monetary stance. 11 Sep 2008
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India's inflation rate eases to 12.34 percent but pressures remain India's wholesale price index (WPI)-based inflation rate eased to 12.34 percent in the 12 months to August 23, from previous week's figure of 12.40 percent, government data showed on Thursday, but failed to lift spirits as economists continued to worry that the central bank would not relax from its tight monetary stance as underlying inflationary pressures remained unchanged. 05 Sep 2008
