'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
As it stands, there does not seem to be a threat to prices.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
In a forthright "last public lecture" before he retires next week, RBI Governor D Subbarao was on Thursday sharply critical of the government, blaming its "loose fiscal stance" for the current economic woes, and warned that the root cause of rupee depreciation is "domestic structural factors."
Markets taking cue on future rate cuts from RBI policy.
The global economy is fragile now. It continues to face both long-term and short-term issues.
Financials are the top gainers along with index heavyweights.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
New Delhi was reluctant to spook investors by clipping the bank's wings
The RBI must first deal with the adverse turn of events in the CPI.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
The Reserve Bank on Thursday said the macroeconomic risks to the Indian economy have increased over the last six months due to the fall in growth, external sector developments and subdued performance of the corporate sector.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The Reserve Bank left interest rate unchanged.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
This is the index's biggest single-day fall in almost a month
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
The HSBC/Markit purchasing managers index for the services industry inched up to 47.1 in October from 44.6 in September, the fourth successive monthly contraction of service sector output across India.
India's manufacturing sector activity contracted for the third straight month in October amid falling levels of production and new orders, as the business climate within the country remained tough, an HSBC survey said on Friday.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
In the last financial year, GDP growth was 7.3 per cent.
According to the final recommendations of an expert committee, the weight of primary (unprocessed) food items will go down by 0.5-1.0 percentage points in the new series compared to the current one
CPI inflation could fall marginally but stay above RBI's comfort level.
'We don't know how much the Pay Commission outflow will be.'
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
Rajan expressed concerns on pressures on the services front.
The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging markets like India, a report said.
IMF attributes the slower growth rate to supply-side bottlenecks.
The broader NSE Nifty dropped by 48.65 points, or 0.45 per cent to 10,808.05 after shuttling between 10,773.55 and 10,833.70.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Credit profiles have turned healthier from a year ago
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
