RBI

TNI Bureau: The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 25 basis points for banks a day after Union Finance Minister P Chidambaram unveiled fiscal consolidation plan to promote investments and reduce inflation.…

TNI Bureau: The Reserve Bank of India (RBI) cut the reserve ration (CRR) by 0.25 per cent, but kept the interest rates unchanged at 8 per cent. The cut in CRR is likely to allow the banks to bring down the lending rates and improve…

TNI Bureau: Despite the Reserve Bank of India's attempt to curb rupee's slide, the domestic currency fell to 57.01 against the US dollar following the announcement of the measures on Monday. Earlier on Monday, the local currency rose by…

TNI Bureau: The Reserve Bank of India (RBI) on Monday announced few measures to boost country's flagging economy by hiking External commercial borrowing limit by $10 billion. The central bank allowed the companies to borrow more from…

TNI Bureau: Indian Rupee crossed 56 mark against US dollar on Monday after the Reserve Bank of India kept its Repo rate and CRR unchanged at its mid-quarter monetary policy review. The policy affected the rupee falling it to a day low…

TNI Bureau: The Reserve Bank of India (RBI) on Monday stunned the investors and debtors, keeping the repo rate and the Cash Reserve Ratio (CRR) unchanged at 8.0 per cent and 4.75 per cent, respectively, at its mid-quarter monetary policy…