Canada is the top supplier of pulses to India, which is expected to import 1 million tonnes more this year.
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand.
Two-thirds of gold demand in India comes from rural areas where jewellery is a traditional store of wealth.
The new hire, Gangadhar Darbha, joined as a consultant
RBI takes steps to control inflation but the masses are not convinced.
The RBI's next policy review is set for Sept. 29.
Companies are still struggling to recover from years of exuberance.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
The best way to curb gold demand is by reducing black money in circulation.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
For easy and wide access, the government plans to market the bond through post offices and various brokers.
Overhauling India's bloated and often sluggish state banks is critical for the government
A gradual weakening of the rupee, however, may add to inflationary pressures.
Rbi cut rates for teh third time to ease economic situation.
Chiekcn prices set to go up across cities in India.
RBI will cut rates in its next policy announcement on June 2.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances