The bank took comfort from cooling inflation to make the first cut in nine months
The bank took comfort from cooling inflation to make the first cut in nine months
Rupee was boosted by dollar inflows from the Axis Bank share sale besides RBI rate cut, say traders
Rupee was boosted by dollar inflows from the Axis Bank share sale besides RBI rate cut, say traders
Continuity with consolidation
Today's policy review points to further, albeit modest, room for easing, as FY13 GDP growth and March inflation forecasts have been lowered
'Growth has bottomed out, monthly diesel price rise to put pressure on inflation in the short term'
More needs to be done to revive the country's falling economic growth, say chief executives
The move, according to cooperative banking leaders, would support small and medium industries and increase credit offtake
By lowering rates, the central bank has put the onus of improving growth on the govt
With deposit rates staying firm, most banks are likely to see a dip in their net interest margins in coming quarters
Repo rate reduced 25 bps after 8 months CRR at record low, but central bank strikes cautious note on further easing