Moreover, uncertainty over monsoon is likely to put pressure on prices of essential commodities
RBI deputy governor says the apex bank will not use OMOs regardless of what the yields are
'My expectation is that inflation in the month of September will go below 7%'
For the second consecutive time, the Reserve Bank of India (RBI) today left the key interest rates unchanged in its attempt to fight inflation
Planning commission deputy chairman says growth rate will be lower than what was projected at the time of budget
Mixed reaction, with disappointment in some quarters, others say RBI call was correct
CRR unchanged at 4.75% inflationary pressure still high
RBI kept policy rates unchanged in view of rising inflation, and global economic uncertainty
The move will inject Rs 30,000 crore into the banking system
Reduction in policy interest rate rather than supporting growth could exacerbate inflationary pressure: RBI
Says there is an urgent need for rate cut to take economy to a higher trajectory
The government will have to address the concerns over data security to promote innovation in banking technology
Exporters can also buy forex only after using all their existing foreign currency holdings
The government has set a target of credit flow for the 2012-13 fiscal at Rs 5.75 lakh cr
The rupee has shed 9% since March, the biggest fall among major Asian currencies
Earlier in the day, RBI said that central bank was closely watching the rupee
"We have taken steps and will take further steps if necessary"
The rupee fell to a life-time low of 54.91 to the dollar today
Move to avoid inconvenience to tax assesses: RBI
Amount to be credited same day for Axis bank account holders, any other bank covered under NEFT network to take two days