Gold reserves, however, remained unchanged at $20.115 billion
In an interview with The Wall Street Journal, Rajan hinted at the prospect of another cut if inflation trends stay benign
Regulator facilitates more insurance channels, but sales incentives need to be improved
Leading representatives of the insurance industry came together at the Business Standard Insurance Round Table in Mumbai to discuss the industry's major problems and find possible solutions
Investors have given their thumbs up to its microfinance model, but once it becomes a bank, it will have to contend with a totally new way of doing business
Naming defaulters will not serve any purpose, nor will it change anything; it might, however, end up hampering any attempts at reviving a struggling business
The domestic unit hovered in a range of 66.33 to 66.42 per dollar during the morning deals
A positive trend in equity market also boosted the sentiment as the Sensex ended higher by another 123.43 points
Activities in February indicated RBI's efforts to strengthen Indian rupee
The domestic currency has gained by 22 paise or 0.33% in last two trading days
Increased selling of the US currency amid higher opening in the domestic equity market helped the rupee
Individually, the turnover of currency derivatives at NSE increased to Rs 45 lakh cr in 2015-16, from Rs 30.2 lakh cr in the same period year-ago
The surge was account of RBI's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets
When interest rate is low, banks' lend at a cheaper rate, leading to a fall in EMI, boosting industry, economy
The dollar's weakness against some currencies overseas supported the rupee
Firstly, RBI's commentary on liquidity was much warranted given the stressed liquidity situation being witnessed, which was not allowing RBI's rate actions to fully pass through
If the intended process is sincerely followed by the banks we might see a downward interest-rate environment in next few months
We see the recent measures helping bond market sentiments and bank liquidity position materially
Raghuram Rajan said defaults in business do happen because everything is not under promoters' control and such naming can hamper operations