News for 'Reserve Bank of India Governor'

Highlights of the Credit Policy

Bank Rate kept unchanged at 6.0 per cent.

'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."

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

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.

PSBs to Explore AI Collaboration

'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'

Rupee expected to weaken more to touch $83.5, may improve in Sep

The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts. The Indian rupee hit an all-time low recently, closing at 83.15 per dollar. Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.

Insurance firms may get bourse membership

Rajan asks banks to improve cyber security systems

Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them