India is about to get a new new central bank governor, Raghuram Rajan, a University of Chicago economist with outstanding academic credentials. He is expected to start this Thursday, smack in the middle of a financial crisis the likes of which have not…
Tag Archive for Reserve Bank Of India
Contributors- Economic and Financial, Must Read, Taken Down
RBI sells dollars directly to oil importers; kicks the can down the road – Sober Look
by Sober Look • • 0 Comments
India’s central bank, the RBI, is trying new measures to stabilize the rupee. One of the key sources of pressure on the currency is the nation’s need to import fuel. Oil companies have to buy dollars (sell rupees) in order to purchase crude oil in the …
Contributors- Economic and Financial, Must Read, Taken Down
Rupee’s weakness may help exports but could do damage elsewhere – Sober Look
by Sober Look • • 0 Comments
Indian rupee’s slide to record lows has been extraordinary. It’s been driven by weakness across emerging markets and rising rates in the US. As foreign investors exit (accompanied by domestic accumulation of dollars), India’s central bank has been relu…
Contributors- Economic and Financial, Must Read, Taken Down
India’s stubborn inflation trend puts RBI in a bind – rate likely on hold- Sober Look
by Walter Kurtz • • 0 Comments
India continues to struggle with stubbornly high inflation levels. In spite of slower economic growth, the Wholesale Price Index (WPI) clocked at 7.81% in September, putting the RBI in a real bind. The central bank needs to cut rates as growth has mode…
Latest Business Headlines
India stuns, keeps rates steady as growth crumbles | Reuters
by Newswires • • 0 Comments
India’s central bank defied widespread calls on Monday to revive the flagging economy with cuts in interest rates and cash reserve minimums at banks, putting the onus on a fractious coalition government to pull the country out of crisis. The Reserve Bank of India left its policy repo rate at 8 percent and the cash…
