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Rajan frowns on 'subsidising' foreign education loans

Are students studying abroad the most needy in the country or is it the most important?, he asked

Rajan frowns on 'subsidising' foreign education loans

Calls for a rethink on why some sectors should get more easy credit than others

NPCI scrambles to issue RuPay cards as Jan Dhan accounts zoom

Banks have opened 4 crore accounts so far and mobilised about Rs 3,700 crore as deposits in these accounts

SBI associate banks to raise Rs 33,000 cr capital in next 5 yrs

Part of the fund would be raised by the market while remaining would be provided by SBI itself

J&K floods to have 'minimal' impact on LIC, says its chairman

LIC has 12.7 lakh policyholders in the flood-ravaged state

Features Rss icon

Divergent monetary policies positive for India

Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar

Rupee outlook: Barring a few intermittent spikes, rupee to trade in 60-62 range

The rupee has witnessed remarkable stability over recent months and its volatility is at multi-year lows. This is in sharp contrast to last ...

One year of Raghuram Rajan: A spring in his step

The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation. Next on his agenda: ...

Sajjid Chinoy: Raghuram Rajan's principled pragmatism

Inflation targeting is precisely consistent with the transparency and predictability that the Governor pledged on day one

Can public sectors banks clean up the rot within?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption. The arrest of the Syndicate ...

Money & Forex Rss icon

Forex reserves near 3-mth low

During the week ending September 12, the reserves fell by $1.62 billion to $315.70 billion, the data show

Rupee slips, pound gains weight

The effect on the rupee was through the trading dynamics of global currencies

Rupee gains on foreign flows, but falls for the week

It was down 0.26% for the week on account of the big losses on Monday, posting a second consecutive weekly loss

India's forex reserves down $1.6 billion to $315.69 billion

FCAs declined by $1.599 billion to $288.764 billion for the week under review

Policy Watch Rss icon

StanChart doesn't expect RBI to cut policy rates in near-term

RBI is scheduled to announce its bi-monthly monetary policy review on September 30, 2014

Raise policy rate to contain inflation: IMF to Reserve Bank of India

Ahead of the Reserve Bank of India (RBI)'s monetary policy review on September 30, the International Monetary Fund (IMF) has suggested the ...

Ahead of policy review, Rajan rules out repo cut

Asks govt to free diesel prices, says economic recovery still uneven

RBI to hold rates on Sept 30, may cut in Feb: BofA-ML

Consumer Price Index based inflation is peaking off and expected to be around 7.5-8% in Sept

Editorial Comment Rss icon

The governor's year

Raghuram Rajan has done well, but his task is incomplete

Lure of lucre

Public-sector banks need robust rewards and penalties

Columnists Rss icon

Jaimini Bhagwati

Jaimini Bhagwati: Let the rupee drift downward
Jaimini Bhagwati

The external sector remains vulnerable, and India cannot afford an overvalued rupee

Rishi Shah & Abheek Barua

Rishi Shah & Abheek Barua: An old index, but new insights
Rishi Shah & Abheek Barua

In obsessing over interest rates in the public discourse, we often miss the other variables that monetary policy impacts, as our monetary ...

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10-year gilt yield (%)

Banking Data

Instrument 19/09/2014 1 year ago
Call Rate 7.50 10.20
5 yrs GSec 8.48 8.60
10 yrs GSec 8.46 8.18
Bank rate 9.00 10.25
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.00