According to the RBI report, the unrest in the global economy continue, it can impact the jobs in the country's labour-intensive sectors and may even affect domestic demand.
Select bankers will meet RBI Deputy Governor Subir Gokarn, who is in-charge of the monetary policy department, and other central bank officials on July 12.
Economists and experts have suggested that the central bank should intervene in the Indian forex market to halt the sharp depreciation in rupee value.
Subir Gokarn, Executive Director and Chief Economist at Standard & Poor's Asia Pacific, is heading the shortlist of candidates for the Reserve Bank of India Deputy Governor's post. Gokarn is also a Business Standard columnist.
Though the index of industrial production expanded 11.7 per cent in November, the Reserve Bank of India sees the recovery still skewed and says the uneven recovery would dominate the central bank's thinking.
Along with Subir Gokarn's appointment as the fourth deputy governor, the Reserve Bank of India on Wednesday reshuffled some of the key portfolios of its deputy governors and executive directors.
Deputy governors Subir Gokarn, Usha Thorat and Shyamala Gopinath will get additional portfolios, which were until now under K C Chakrabarty, RBI said in a statement today. The central bank did not give any reason for the reshuffle and said the changes will be effective tomorrow.
Containing high food prices is a dominant policy concern, the Reserve Bank said on Tuesday, amid expectations that it may raise short-term borrowing and lending rates next month.
He based his optimism on hedging tools available.
Most of the Asia-Pacific economies would be cushioned by healthy foreign exchange reserves in the last quarter of the current calendar year, global ratings agency, Standard & Poor, said in a report.
The Reserve Bank of India (RBI) has decided to give new banking licences to create more capacity and competition in the Indian banking space but the right size is yet to be determined. "The right size of a bank remains a debate for the industry," said Deputy Governor Subir Gokarn.
Leading economists on Friday called for more fiscal measures to sustain the Indian growth story.
New dy governor of RBI says capital flows, inflation challenges.
The Reserve Bank of India on Thursday said the Greek debt crisis would not change its roadmap to exit from the accommodative stance, as the central bank has already factored in the impact of global uncertainties in its exit-policy.
The Reserve Bank on India on Thursday said that high inflation, primarily driven by food prices, has begun to spread to the broader economy now, but it is likely to ease in the coming months on the back of an expected moderation in food prices with the arrival of fresh crops.
RBI depty governor Subir Gokarn stopped short of giving a new estimate, saying the recovery was mainly driven by government spending and it was premature to forecast without knowing the impact of the monsoon on the third quarter figures.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
The collapse of Lehman Brothers was clearly a point of inflection, in which the rate of decline of the financial system accelerated sharply and its impact on the global economy intensified. In retrospect, it could have been any one or more of the global financial institutions to precipitate the collapse.
The government's decision to put on hold even limited cuts in ration shop entitlements spells trouble for any future attempts to target subsidies.
The roads in India is a powerful stimulant to rural employment. It will have a strong multiplier effect on the local economy, says Subir Gokarn.
Rating agency Crisil on Friday said growth rates witnessed in the current fiscal in several sectors are expected to continue for 3-5 years, even as it predicted rising wages in the information technology sector by 2007-08.
The economy is expected to grow by 6.75-7 per cent during 2005-06 and inflation is likely to hover around 5-5.5 per cent, rating agency Crisil said on Friday.
'It is far too early to celebrate the numbers.' 'They are still fairly weak compared to the pre-pandemic level.'
Here is some background on the candidates seen as potential successors to Rajan at the RBI
FII's too have invested in huge amount in the country
The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.
The RBI will have to focus on constructive change to ensure growth.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
Chidambaram has been magnanimous in endorsing my book, says the former RBI Governor D Subbarao.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Modi will also need to reconcile market demands with those from forces within his own administration
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The data-generation ability of technology can not only provide real-time feedback on its return on investment but also evaluate education programmes.
Experts will give their inputs for Budget.
55% of cultivable land still doesn't come under irrigation.
The WTO toolkit provides various instruments to deal with such situations - anti-dumping duties, countervailing duties and safeguard measures.
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