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Reserve Bank Of India News

RBI may go for another rate hike Friday, September 10, 2010 @ 5:52PMBankers are betting that rates will go up despite the fact that the impact of the previous rate hikes is yet to be felt.
July IIP at 13.76%, trumps estimates Friday, September 10, 2010 @ 5:17PMFuelled by a strong rebound in manufacturing activity, India's industrial output surged 13.76% in July from a year ago, a good 6 percentage points above the median analyst forecast and far higher than the June figure, downwardly revised to 5.76%. The better-than-expected data have strengthened the case for further monetary tightening by the Reserve Bank of India at the mid-quarter review of ...
Long haul to recovery, say tough-talking officials Friday, September 10, 2010 @ 5:14PMLong haul to recovery, say tough-talking officials
Freeing of deposit rates: Higher rates, charges on services likely Friday, September 10, 2010 @ 5:12PMBankers have given a mixed response to the possible scenario where there may be a deregulation of deposit rates as suggested by the Reserve Bank of India.
Foreign exchange reserves swell $2.5 bn Friday, September 10, 2010 @ 5:01PMForeign exchange reserves continued to rise for the second consecutive week, jumping by $2.49 billion to $285.33 billion on the back of a healthy increase in foreign currency assets and gold reserves.
Forex kitty rises $2.5 bn to $283 bn Friday, September 10, 2010 @ 4:52PMThe country?s foreign exchange reserves rose $2.5 billion during the week ended September 3, partly on account of revaluation of non-dollar assets and also of a surge in value of gold in reserves.
WRAPUP 2-Long haul to recovery, say tough-talking officials Friday, September 10, 2010 @ 4:06PM* Volcker says U.S. economy will take years to recover
Industry grows 13.8% in July, rate hike looms Friday, September 10, 2010 @ 3:52PMIndia?s industrial output beat analysts? expectations by a huge margin in July, strengthening the case for further monetary tightening ahead of next week?s crucial monetary policy review.
Forex reserves swell by $2.5 bn to $285 bn Friday, September 10, 2010 @ 9:38AMForeign exchange reserves continued to rise for the second consecutive week, jumping by $2.49 billion to $285.33 billion on the back of a healthy increase in foreign currency assets and gold reserves.
Weekly Report: Markets have a blast Friday, September 10, 2010 @ 7:52AMIt was a truncated and yet a momentum-packed week for the bourses.
Market Voice: Adrian Mowat, JPMorgan Friday, September 10, 2010 @ 7:46AMAdrian Mowat , managing director and chief emerging market strategist, JPMorgan, tells Priya Kansara Pandya and Krishna Merchant that the Indian growth story justifies the high market valuations.
India's industrial output bounces back to double digits Friday, September 10, 2010 @ 7:30AMA 63 percent rise in capital goods production pushed India's industrial output up to 13.8 percent in July, as against 7.1 percent in the previous month, according to official data released Friday.
Pranab Mukherjee expects 12-13 per cent industrial growth in 2010 Friday, September 10, 2010 @ 5:32AMNew Delhi, Sep 10 : Finance Minister Pranab Mukherjee on Friday pegged industrial growth to be between 12-13 per cent in the current year.
India's July industrial output surges 13.8 per cent, rebounding from June low Friday, September 10, 2010 @ 5:12AMMUMBAI, India - India's industrial output grew 13.8 per cent in July — far more than expected — rebounding from a 13-month low in
India's July industrial output soars; rate hike seen Friday, September 10, 2010 @ 4:59AMIndia's July industrial output soars; rate hike seen
India's July industrial output surges 13.8 per cent, rebounding from June low Friday, September 10, 2010 @ 4:59AMMUMBAI, India - India's industrial output grew 13.8 per cent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
Japan unveils $10.9 billion stimulus package Friday, September 10, 2010 @ 3:14AMTOKYO: The Japanese government said on Friday that it will spend $10.9 billion on its fresh stimulus package to grapple with the recent upsurge of the yen and downside risks to Japan’s economic growth by creating 200,000 jobs and encouraging consumer and business spending.
India's July industrial output surges 13.8 percent Friday, September 10, 2010 @ 3:07AMIndia's industrial output grew 13.8 percent in July - far more than expected - rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
India's Industrial Output Surges In July Friday, September 10, 2010 @ 2:29AMIndia's July industrial output surges 13.8 percent
India's July Industrial Output Surges 13.8 Percent Friday, September 10, 2010 @ 2:29AMIndia's July industrial output surges 13.8 percent, rebounding from a 13-month low in June India - Asia - Business and Economy - Government - Central bank
India's July industrial output surges 13.8 percent, rebounding from a 13-month low in June Friday, September 10, 2010 @ 2:19AMMUMBAI, India - India's industrial output grew 13.8 percent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
India's July industrial output surges 13.8 percent Friday, September 10, 2010 @ 2:09AMIndia's industrial output grew 13.8 percent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
IMF Sells 10 Tons Of Gold To Bangladesh Bank Friday, September 10, 2010 @ 1:58AMThe International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh Bank, the central bank of Bangladesh, worth $403 million.
Look for Undervalued, Oily E&P Plays Thursday, September 9, 2010 @ 11:30PMC. K. Cooper Senior Analyst Joel Musante likes oily exploration and production (E&P) names in name-brand plays, especially the Bakken. In this exclusive interview with The Energy Report, Joel talks about how he reaches his conclusions.
RPT-PREVIEW-India July industrial output growth seen up 7.7 pct Thursday, September 9, 2010 @ 11:02PM(Repeats story ahead of data)
No slowdown seen in factory output growth: Basu Thursday, September 9, 2010 @ 10:52PMThere are no signs of a slowdown in India's industrial output growth, senior finance ministry adviser Kaushik Basu said.
RBI Governor seeks need to hike compensation of PSU CEOs Thursday, September 9, 2010 @ 10:08PMMumbai, Sep 9 : Reserve Bank of India (RBI) Governor D Subbarao today made out a strong case for revisiting the compensation of chief executives and top executives of the Public Sector Banks to avoid the flight of talent towards the private sector.
18. Australia full-time jobs jump, risking hike in rates Thursday, September 9, 2010 @ 6:24PMSYDNEY: Australian employment surged in August as full-time jobs were created at the fastest pace in two years, adding to the risk of renewed hikes in interest rates and lifting the local dollar to a four-month peak.
IMF sells 10 tonnes of gold to Bangladesh Thursday, September 9, 2010 @ 5:34PM(adds details, analysis, market reaction, background)
IMF to sell $433m gold to Bangladesh Thursday, September 9, 2010 @ 5:30PMThe International Monetary Fund overnight announced it would sell 10 metric tons of gold to Bangladesh, worth around $433 million.
IMF to sell 400 million dollars' worth of gold to Bangladesh Thursday, September 9, 2010 @ 5:14PMWASHINGTON (AFP) - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars.
Sensex jumps 133 points Thursday, September 9, 2010 @ 4:41PMMUMBAI: Ignoring rising food inflation, the Bombay Stock Exchange benchmark index, Sensex, on Thursday jumped by 133 points to close at a 31-month high on persistent foreign institutional investment (FII) inflows, with financial stocks registering most of the gains.
IMF Announces Sale of 10 Metric Tons of Gold to the Bangladesh Bank Thursday, September 9, 2010 @ 4:17PMThe International Monetary Fund (IMF) announced today the sale of 10 metric tons of gold to the Bangladesh Bank, the central bank of Bangladesh. The sale was conducted on the basis of market prices prevailing on September 7, 2010 with proceeds equivalent to US$403 million (SDR 266 million).
Competitiveness of banks should not be linked to the scale: Gokarn Thursday, September 9, 2010 @ 4:13PMLinking competitiveness to scale may not be a right thing to do, said Reserve Bank of India deputy governor Subir Gokarn referring to the issue of consolidation in banking sector.
Rupee stronger by 16 paise to 46.47 against Dollar Thursday, September 9, 2010 @ 12:05PMMumbai, Sep 09 : The Rupee today strengthened by 16 paise to 46.47 against the dollar due to the surging trend in equity market, traders at the Interbank Foreign Exchange (FOREX) said.
PSBs can't expect pvt lenders to cut salaries: HSBC India head Thursday, September 9, 2010 @ 11:45AMPSBs can't expect pvt lenders to cut salaries: HSBC India headPSBs can't expect pvt lenders to cut salaries: HSBC India head
Bonds continue to rule mixed Thursday, September 9, 2010 @ 11:19AMAgencies Mumbai, Sept 9: The government bonds continued to rule narrowly mixed on alternate bouts of buying and selling while call rate recovered smartly on the overnight call money market here today on liquidity crunch.
No slowdown seen in India factory output growth:adviser Thursday, September 9, 2010 @ 9:07AMNEW DELHI, Sept 9 (Reuters) - There are no signs of a slowdown in India's industrial output growth, a senior adviser in India's finance ministry said on Thursday.
AmREIT Announces New Lease with Morton’s Restaurant Group, Inc. Thursday, September 9, 2010 @ 8:44AMHOUSTON--(BUSINESS WIRE)--AmREIT, Inc. announced that it has signed a lease with Morton’s Restaurant Group, Inc. for a new Morton’s Steakhouse to anchor AmREIT’s Uptown Plaza shopping center at the intersection of N. Pearl St. and McKinney Avenue in the prestigious Uptown area of Dallas, Texas. The new restaurant, which will occupy 8,500 square feet in the shopping center, will have a total ...
AmREIT Announces New Lease with Morton's Restaurant Group, Inc. Thursday, September 9, 2010 @ 8:37AMHOUSTON----AmREIT, Inc. announced that it has signed a lease with Morton’s Restaurant Group, Inc. for a new Morton’s Steakhouse to anchor AmREIT’s Uptown Plaza shopping center at the intersection of N.
Gold Prices Slip as Traders Turn to Stocks Thursday, September 9, 2010 @ 8:13AMGold prices were below their recent record highs Thursday as investors bought stocks after a better-than-expected weekly jobless claims report.
Gold Prices Settle Lower Thursday, September 9, 2010 @ 8:13AMGold prices lost steam Thursday as investors bought stocks after a better-than-expected weekly jobless claims report.
Three held with counterfeit notes Thursday, September 9, 2010 @ 7:40AMJaipur, Sep 9 (PTI) Rajasthan police today claimed to have busted an inter-state fake currency racket by arresting three persons with counterfeit notes having face value of over Rs 3 lakh here.
PRECIOUS-Gold steadies as signs of risk appetite reemerge Thursday, September 9, 2010 @ 7:14AMPRECIOUS-Gold steadies as signs of risk appetite reemerge
India raises 110 billion rupees via sale of 3 bonds Thursday, September 9, 2010 @ 4:30AMMUMBAI, Sept 9 (Reuters) - India on Thursday sold 110 billion rupees ($2.37 billion) of bonds, the Reserve Bank of India said in a statement.
Food Inflation Quickens to Two-Year High of 11.47%, Spurring Rate Pressure Thursday, September 9, 2010 @ 3:59AMIndia’s food inflation accelerated to almost a two-month high, adding pressure on the central bank to raise interest rates next week.
European Shares Fall on U.S. Economic Data Thursday, September 9, 2010 @ 3:18AMRead full story for details.
Central Bank of India sees RBI maintaining status quo Thursday, September 9, 2010 @ 3:11AMMumbai, Sep 9 : Central Bank of India chairman and managing director S Sridhar today said the Reserve Bank of India will maintain status quo in the first mid quarter review of the RBI monetary policy for the current fiscal due on September 16.
Milk, Pulses, Fruit Prices Push Up India's Food Inflation Rate Thursday, September 9, 2010 @ 2:45AM(RTTNews) - Higher prices of milk, pulses and fruits pushed up the annual inflation rate of India's prices of food, as measured by the wholesale price index, or WPI, for the week ended August 28 to 11.47 per cent from the 10.86 per cent of the preceding week.
Aussie Dollar Gains; Euro Feels Pressure Thursday, September 9, 2010 @ 2:43AMThe Australian dollar was the notable gainer overnight Thursday after impressive jobs growth figures increased speculation about rate hikes from the Reserve Bank of Australia this year.