A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
The RBI wants CPI inflation to ease further to 6 per cent by January 2016.
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
'I think the markets will move up given that there will be more money.'
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers on Sunday said it will be seen by the world as India's non-approval to a policy against inflation and bad loans.
RBI promises to take all necessary steps, including liquidity support
He used an old rule to cut the expenditure allotted to various ministries.
The RBI is expected to issue only a few bank licences after completing due diligence.
RBI Governor Rajan on Wednesday said significant progress made in curbing current account deficit.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
RBI has intervened throughout this year to prevent rupee strength although it has also stepped in at times of excessive weakness.
Rajan, further said, the government was not contemplating more steps to curb gold import, and significant reduction was likely in June.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
The Indian currency was tracking the non-deliverable forwards while lower stock futures also hurt sentiment.
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
The rupee was at 62.08/12 versus Thursday's close of 61.77/78.
RBI kas hiked short-term lending (repo) rate by 0.25 per cent to 7.5 per cent.
In his first monetary policy review since taking office on September 4, RBI Governor Raghuram Rajan increased the repo rate by 25 basis points to 7.50 per cent.
Undaunted by what non-ideal mortals call pragmatic reality, he rolled up his sleeves on his first day in office and rolled out a series of measures that turned sentiment, as if on a dime.
Reserve Bank of India Governor Raghuram Rajan, who will present his maiden policy on September 20, held discussions on Tuesday with Prime Minister Manmohan Singh and Finance Minister P Chidambaram on the macro-economic situation.
It took three years of collective fiscal profligacy and policy mismanagement to cause this crisis.
RBI governor and new FM could hog all the limelight.
"This is not an easy time as economy faces challenges. Our actions will be at measured pace given the current market turmoil," Raghuram Rajan said after he took charge as the new RBI Governor.
Raghuram Rajan, a former chief economist at the International Monetary Fund, takes charge at the RBI as the country faces its worst economic crunch since a balance of payments crisis two decades ago.
Consumer price inflation touched a nine-month high of 11.24 per cent last month.
The fake handle was opened in June this year but was not used to tweet anything before August 20.
Labour reforms have been pending in India for long.
He doesn't expect banks to raise interest rates, as they'd not reduced these after the policy rate cuts in May and March.
The future action on rate change will depend on data said the RBI Chief.
In its quarterly macroeconomic review on Monday, the central bank said it expects inflation to remain near current elevated levels for the remainder of the fiscal year that ends in March.
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
Rajan further said the current account deficit would be better in June than in May.
Media has gone beyond its traditional boundaries.
The Sensex fell nearly 2 per cent on Friday after a surprise rate hike by the RBI led to a slide in rate-sensitives like banking and auto shares.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
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