The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
Delhi has come to accept the Taliban takeover in Kabul as a reality and seems increasingly unsure of its dogmatic view of the Taliban as a mere proxy of the Pakistani military and security establishment, observes Ambassador M K Bhadrakumar.
With the revision, term deposit between 180-210 days less than Rs 1 crore (Rs 10 million) would now earn 7 per cent against existing 6.80 per cent, SBI said in a statement.
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
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RBI had previously cut repo rate by 0.25% each in January and March.
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
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