Page 1263 - Finance News
Rupee snaps 3-day fall as RBI surprises with rate increase
The partially convertible rupee closed at 62.51/52 per dollar compared with 63.10/11 on Monday
 "Rupee snaps 3-day fall as RBI surprises with rate increase")
Move to raise repo rates to hit realty sector: Developers
They complain about declining home sales in many cities such as Mumbai due to high prices and slow economic growth
 "Move to raise repo rates to hit realty sector: Developers")
RBI rate hike spooks market; banking stocks plunge
ICICI Bank, HDFC Bank and Axis Bank were down 1% each.
 "RBI rate hike spooks market; banking stocks plunge")
Analysts' View: RBI's Monetary Policy review
Check out what the experts say
 "Analysts' View: RBI's Monetary Policy review")
SBI chief sees small rise in deposit rates
However, she didnot specify the extent of the increase
 "SBI chief sees small rise in deposit rates")
Rajan continues his fight against inflation
The RBI governor plans to slow down demand driven non-food inflation, which it expects will result in lowering of core inflation
 "Rajan continues his fight against inflation")
RBI endorsed Urijit Patel's 'glide path' to disinflation: Varun Goel
: RBI will be looking to reduce headline CPI to 8% by January 2015 and 6% by January 2016
 "RBI endorsed Urijit Patel's 'glide path' to disinflation: Varun Goel")
Hike in key interest rate to hit property market: CREDAI
It is a highly disappointing step by RBI to raise repo rate. It is not going to help RBI curb inflation any more, says Parsvnath Developers Chairman
 "Hike in key interest rate to hit property market: CREDAI")
'RBI wants to pull down rising prices'
Sustained inflation creates instability in market since it depreciates Rupee on REER basis
 "'RBI wants to pull down rising prices'")
Bonds fall after surprise RBI rate hike
Markets take heart from comments that RBI doesnot forsee near-term tightening if CPI eases
RBI has implicitly accepted Urjit Patel panel's recommendations: experts
Say the central bank will likely hold rates in the next policy
RBI seeks to control inflation: India Inc
Hike to increase finance costs to 12% on an average for large corporates
RBI sees 5-6% economic growth in 2014-15
Says inflation risks likely to stay
 "RBI sees 5-6% economic growth in 2014-15")
Countering consumer inflation bodes well for economy: experts
The aim is to bring CPI inflation down to 6% by January 2015
 "Countering consumer inflation bodes well for economy: experts")
Silver lining: CAD likely to be within RBI's comfort zone after 3 years
Rupee recovers on rate hike
 "Silver lining: CAD likely to be within RBI's comfort zone after 3 years")
Muthoot Pappachan's MFI to get company umbrella
The growth in loans by MFIs and the improving regulatory environment for micro lenders have convinced it to create a separate subsidiary for this business
 "Muthoot Pappachan's MFI to get company umbrella")
Public sector banks may opt out of insurance broking model
Bankers to express concerns to Rajiv Takru in crucial meeting today
 "Public sector banks may opt out of insurance broking model")
Status quo likely in RBI policy
Rajan is expected to strike a hawkish tone on inflation
 "Status quo likely in RBI policy")
Bank unions call for strike on Feb 10-11 after wage talks fail
Earlier, bank unions had announced plans for a two-day nationwide strike on January 20-21, followed by further strikes in February and March
 "Bank unions call for strike on Feb 10-11 after wage talks fail")
Rupee the worst performer among EM currencies
Street feels pressure is temporary as macro fundamentals are improving
 "Rupee the worst performer among EM currencies")