The recent weakness of the rupee has been due to yuan's devaluation.
The new hire, Gangadhar Darbha, joined as a consultant
A reading below 50 means contraction in the sector.
ICICI Bank chief Chanda Kochhar on Wednesday said the country has many positives like high forex reserves, and low current account and fiscal gaps, which can help it weather the ongoing volatilities.
While the US is definitely recovering, Europe, Japan and, now, China are all going through another wave of what some fear could be a multi-year slowdown.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
India's first quarter GDP growth print was 7.9 per cent y-o-y, primarily led by urban consumption demand
It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.
Officials said Sebi is closely in touch with RBI on the market developments.
This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
RBI's foreign exchange reserves fell $237.5 million.
The RBI guv said global economy is actually recovering, though slowly
The Congress on Friday claimed that that "vitriolic tirade" against RBI Governor Raghuram Rajan by Subramanian Swamy has the "full backing" of NDA government and Bharatiya Janata Party.
India's crony capitalists will have had their day in the sun.
After Chakrabarty's exit there will be two vacancies for deputy governors in the central bank.
'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.'
On the employment front, services employment was unchanged in April.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
Shifting its stance of monetary policy towards targeting retail inflation as it is an "inequitable tax", RBI today said it may exceed 8 per cent by March end and efforts will continue to bring it down.
The RBI plans to increase e-smart facility.
From note ban result to Delhi's next L-G, a few things to look forward to.
Unhedged exposure of the corporate poses a risk and overall percentage of hedging remains low.
A specialised force with 1,000 personnel to be formed in the state for the same.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Lagarde had said an Indian could head IMF.
The Indian economy is reviving, helped by positive policy actions.
RBI rate cut is a welcome step for all citizens of India as everyone is looking for near-term boost in economy.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
According to HSBC, the 'storm has abated' for the Indian markets as the US Fed has deferred tapering of its quantitative easing stimulus, and as the new Reserve Bank of India Governor Raghuram Rajan has taken steps to contain the rupee fall.
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
"Let people pay, but if they don't pay, go after them"
The rupee added another 8 paise to end at 61.23 against the dollar, the highest level in more than two weeks, as the US currency traded stable ahead of the outcome of Federal Reserve's meeting today and as domestic shares surged to a record.
The RBI is working to nudge large foreign banks with 30 or more branches in India to get incorporated locally.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
The very best of Indian cuisine was served to the Obamas at the presidential banquet
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
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