News for 'Reserve Bank of India Governor'

Stock exchanges: Why Jalan report is being bashed

The ban on listing and other roadblocks on ownership have tainted the Jalan Committee report.

Why central banks need to change

Forex reserves continue to move down; fall by another $1.4 billion

Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies

IDBI Bill report in Budget session

Dr Singh was once a King, but...

Into his 10 year, Manmohan Singh is struggling to retrieve his legacy -- thanks to bad luck, a bad situation and at least two very bad calls, says Mihir S Sharma

'The inflation momentum is coming down'

While making it clear he will continue with the strategy followed by RBI so far on inflation and exchange rate management, RBI Governor D Subbarao said, "We will be monitoring the situation closely and continuously, be mindful of implications of our monetary stance on the growth prospects and take action as appropriate." He added, "I am not sure whether we can say inflation is softening consistently, but the decline in the Wholesale Price Index is satisfying."

Highlights of the Credit Policy

Bank Rate kept unchanged at 6.0 per cent.

RBI on why inflation needs to be brought down to 5%

Inflation as measured by the Wholesale Price Index stood at 6.87 per cent in July, down from 7.25 per cent in June. It is still much above RBI's comfort level of 5-6 per cent.