Raghuram Rajan

World Economic Outlook

India is Experiencing a Massive Cash Surge of More Than Rs 60,000 Crore During Election Period

The central bank of India is looking into a phenomenon of a massive surge in the public cash during the election period. Election expenses and cash gifts for voters are among the factors speculated to contribute to the cash spike.

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Reserve Bank Of India Governor Unveils Interest-Rate Decision

Home loans turn cheaper as India's RBI cuts rate to 5-year low

The Reserve Bank of India (RBI), India's central bank, has reduced repo rate by 25 basis points to 6.50 percent, indicating an over five-year low. After the rate cut, home loans will be cheaper by half a percentage.

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Union Finance Minister Arun Jaitley Addresses A Press Conference At BJP HQ

India's FM voices rate cut ahead of RBI policy review

Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.

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Union Budget 2016: Arun Jaitely Presents   His Third Budget In Parliament

India to Infuse $3.65 Billion of Capital Into Government-Run Lenders

India is about to fund $3.56 billion of capital to govrnment-run lenders because of bad and restricted loans. Banks felt relief as the government is ready to help them when they need the capital.

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Raghuram Rajan

RBI paves the way for funds inflow; Indian banks finally slash rates

The Reserve Bank of India (RBI) Governor Raghuram Rajan's latest measure to slash benchmark repurchase rate is finally giving results as commercial banks started cutting down interest rates.

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India

Business activity in India contracts again in June on weak demand

India's dominant services industry contracted for a second month in June as new business again declined, suggesting Asia's third-largest economy is struggling to maintain growth, a survey showed on Friday.

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Raghuram Rajan

Food price surge puts India's Rajan on the back foot

Prices of many foodstuffs are surging in India, despite a good start to monsoon rains - an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy.

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Reserve Bank of India

India’s central bank nearing policy crossroads

The Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank’s primary mandate.

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Bitcoin

India's new central bank governor concerned about Bitcoin

Governor Raghuram Rajan of the Reserve Bank of India has reiterated concerns about the stability and credibility of virtual currencies like the Bitcoin, TechCrunch reported.

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RBI

RBI allows banks to borrow capital overseas

The Reserve Bank of India (RBI) allowed local banks to borrow overseas up to 100% of their Tier I capital.

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Raghuran Rajan

India's faith in central bank governer Rajan was too much- James Saft

Reuters columnist James Saft wrote in his latest column that a reform change, and not a new central bank governor, could help the falling rupee and the Indian economy.

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