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CRR lowered by 50 bps, key rates unchanged

Abheek Barua: Rates will rise slowly, and late
The cut in banks' cash reserve ratio, or CRR, last Tuesday should give Indian industry and the financial markets reason to cheer. The cut came despite both a somewhat uncomfortable print for core inflation (inflation shorn of the impact of food and fuel), at 7.8 per cent for December 2011, and some senior Reserve Bank of India (RBI) officials' apprehensions (at least as reported in the press) that

Passing the buck on policy

In its third quarter review of monetary policy, released on Tuesday, the Reserve Bank of India kept the policy rate — the repo rate for banks — constant at 8.5 per cent, while cutting

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Subbarao goes halfway, keeps industry guessing on rate cut

50-bp reduction in CRR to release Rs 32,000 crore repo rate unchanged at 8.5%. Reserve Bank of India Governor D Subbarao on Tuesday went halfway by cutting the cash reserve ratio, which determines

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Ministry prods RBI to cut rates, bankers not hopeful

The finance ministry wants the Reserve Bank of India (RBI) to switch its policy stance, with growth concerns occupying centre stage and inflation showing signs of moderating. A ministry official said

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ASSOCHAM calls for reduction in repo rates
New Delhi, Jan 17 (IBNS) With inflation showing signs of moderation and velocity of exports increasing, industry body ASSOCHAM on Tuesday called for 50 basis points reduction in repo rate to ease mounting cost of borrowings and at least one percentage point reduction in cash reserve ratio (CRR) to inject liquidity into the banking sector.

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Rajeev Malik: The RBI won't save 2012

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