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Rate cuts off the table, show monetary policy panel minutes

The subdued prices of vegetables and fruits in summer, when prices normally tend to escalate, gave comfort to Reserve Bank of India (RBI) governor Urjit Patel to hold on to rates, but the higher oil..
Credit: DNA - Published

RBI opposes idea of independent payments regulator, issues dissent note

The Reserve Bank of India (RBI) has released a dissent note on the Inter-Ministerial Committee for finalisation of amendments to the Payment and Settlement Systems (PSS) Act, 2007, and opposed the idea..
Credit: DNA - Published

Videos for "Urjit Patel"

RBI's Patel Says Rates Increased to Curb Inflation: Statement [Video]RBI's Patel Says Rates Increased to Curb Inflation: Statement  06:25

Aug.01 -- Reserve Bank of India Governor Urjit Patel speaks at a briefing in Mumbai about the decision by India's central bank to raise its benchmark interest rate to the highest in two years as it..

Credit: Bloomberg Global Business - Published

Citigroup Says PBOC Has More Flexibility to Let Yuan Weaken [Video]Citigroup Says PBOC Has More Flexibility to Let Yuan Weaken  01:56

Aug.01 -- David Lubin, head of emerging-market economics at Citigroup, discusses the outlook for the yuan as Reserve Bank of India Governor Urjit Patel said at a briefing in Mumbai that he sees a real..

Credit: Bloomberg Global Business - Published

Patel Says RBI Remains `Vigilant' on Inflation After Raising Key Rate [Video]Patel Says RBI Remains `Vigilant' on Inflation After Raising Key Rate  05:45

Jun.06 -- Reserve Bank of India Governor Urjit Patel speaks about the economy and inflation at a press briefing in Mumbai after policy makers raised the repurchase rate to 6.25 percent from 6 percent,..

Credit: Bloomberg Politics - Published

Fed Tapering Pace Hurting Emerging Markets, RBI's Patel in FT [Video]Fed Tapering Pace Hurting Emerging Markets, RBI's Patel in FT  02:08

Jun.04 -- India’s central bank governor Urjit Patel has made a plea to the U.S. Federal Reserve to slow the pace at which it plans to shrink its balance sheet to help emerging economies overcome..

Credit: Bloomberg Global Business - Published

 

RBI stance to keep rupee under pressure

Reserve Bank of India (RBI) stance on the forex market will put pressure on the rupee. The central bank, in its monetary policy last week, made it clear that it will not try to defend the rupee..
Credit: DNA - Published

Fiscal deficit slippage to crowd out private investment: RBI to government

Reserve Bank Governor Urjit Patel on Friday said it was crucial that the fiscal deficit target is maintained as any slippage would impact inflation and crowd out private sector investment apart from..
Credit: Sify - Published

RBI to back IL&FS board's solvency bid

The RBI will engage with the new management, if necessary, on assistance in its efforts going forward, says Urjit Patel
Credit: DNA - Published

RBI does not hike repo rate, but your EMIs will still go up

Your equated monthly installments (EMIs) of retail loans -- home, car, personal loans -- will go up with banks hiking interest rates amid credit growth pick-up and scarce capital. The Reserve Bank..
Credit: DNA - Published

RBI governor Urjit Patel says central bank does not have target for rupee, currency at 74 still better than its peers

After the Reserve Bank of India (RBI) in its fourth bi-monthly policy this fiscal left the policy rates unchanged and ruled out a rate cut in the rest of the fiscal, the rupee plummeted to 74.13..
Credit: Firstpost - Published

Rupee at 74 to a dollar is still better than its emerging market peers: RBI Guv Urjit Patel

After the Reserve Bank of India (RBI) in its fourth bi-monthly policy this fiscal left the policy rates unchanged and ruled out a rate cut in the rest of the fiscal, the rupee plummeted to 74.13..
Credit: DNA - Published

Sensex sinks 792 pts as RBI keeps rate unchanged, closes below 35k-mark

The BSE Sensex plunged 792 points Friday to end at a near six-month low of 34,376.99 after the *RBI *unexpectedly maintained status quo on the policy rate but changed its stance to "calibrated..
Credit: DNA - Published

RBI keeps repo rate unchanged at 6.50%: Full text of fourth bi-monthly policy statement for fiscal 2018-19

Out of six members of the Monetary Policy Committee (MPC), five members,including RBI Governor Urjit Patel voted in favour of status quo in repo rate.
Credit: Firstpost - Published

RBI monetary policy updates: Repo rate unchanged at 6.50%; governor Urjit Patel rules out further rate cuts

RBI is known to enter the markets via intermediaries to either sell or buy US dollars to keep the rupee in a stable orbit
Credit: Firstpost - Published

RBI keeps repo rate unchanged at 6.5%

The MPC headed by RBI Governor Urjit Patel said that the recent excise duty cut by the government on petrol and diesel will help contain inflation.
Credit: Rediff.com - Published

Rupee hits new low of 74.13, plunges 55 paise against US dollar

The Indian rupee Friday crashed below the 74-level against the US dollar for the first time ever after the Reserve Bank kept its key policy rate unchanged. The domestic currency was quoted 55 paise..
Credit: DNA - Published

Reserve Bank of India keeps key lending rate unchanged at 6.5%

Reserve Bank of India keeps key lending rate unchanged at 6.5%. This is breaking news Article Type:  Report Sections:  Business Authors:  DNA Web Team Agencies:  DNA..
Credit: DNA - Published

RBI to help IL&FS restore its solvency

Reserve Bank of India (RBI) Governor Urjit Patel on Friday said that the central bank will engage with and support debt-stricken IL&FS in its efforts to salvage the infrastructure financing company.
Credit: Sify - Published

RBI MPC begins three-day meet, may raise rate by 25 bps to counter impact of rising oil prices on inflation

The six-member Monetary Policy Committee (MPC), headed by RBI governor Urjit Patel, began three-day deliberations on Wednesday to decide on the key policy rates amid expectations that it would go for a..
Credit: Firstpost - Published

Preventive vigilance more effective than punitive one: RBI Governor

RBI Governor Urjit Patel on Thursday said that preventive vigilance is the most effective governance mechanism at public sector institutions as opposed to punitive and detective vigilance.
Credit: Sify - Published

Attend RBI Governor's lecture without fail: Central Vigilance Commission to anti-corruption officials

RBI Governor Urjit Patel is likely to talk about key issues related to the banking and financial sector among others at the programme to be organised by the CVC at its office
Credit: Firstpost - Published

Confident of surpassing 7.5% GDP growth rate, says Arun Jaitley

Union Finance Minister Arun Jaitley on Saturday said that the government was confident of surpassing 7.5% GDP growth rate projected in the Budget for 2018-19, and would strictly maintain the 3.3 per..
Credit: DNA - Published

PM Narendra Modi meets Arun Jaitley to review economic state

After an economic review meeting between Prime Minister Narendra Modi and Finance Ministry on Friday, Finance Minister Arun Jaitley announced the government will take immediate steps to curb..
Credit: DNA - Published

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