PM Modi, Arun Jaitley hail outgoing RBI governor Urjit Patel

It is important for the Indian government to heed the RBI's message on financial stability, IMF's Chief Economist Maurice Obstfeld said, amid reports of friction between the central bank and the finance ministry.

India's growth very solid, government should heed RBI's message: IMF

Benchmark indices nursed losses for the second straight day Wednesday as the RBI left the repo rate unchanged, while global markets wobbled on renewed concerns over the US-China trade dispute.

Sensex tanks 250 points on RBI status quo, grim global cues

The Reserve Bank of India Wednesday left the repo rate unchanged while maintaining the stance of 'calibrated tightening' of policy. The key rate remains unchanged at 6.

RBI keeps repo rate unchanged at 6.5%, retains GDP growth projection at 7.4%

The Reserve Bank is likely to maintain status-quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, opined experts.

RBI likely to keep interest rate unchanged on December 5

The RBI will pump in another set of liquidity in December by infusing Rs 40,000 crore into the system through open market operations (OMOs). “Based on an assessment of the durable liquidity needs going forward, the RBI has decided to conduct the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 400 billion in the month of December 2018,” the central bank said in a release Tuesday.

RBI to pump in additional liquidity of Rs 40,000 crore in December

The Reserve Bank will hold the rates for the remainder of the fiscal year ending March 2019 and is likely to go for “measured hikes” in FY20 as inflation inches up, Singaporean lender DBS has said.

RBI may hold the rates baton till March: Report

Have made up my mind not to contest next elections: Sushma Swaraj The BJP's Sushma Swaraj said Wednesday that she will not contest the 2019 elections. "It is the party which decides, but I have made up my mind not to contest next elections," Swaraj said (watch video below).

News brief: Big stories of the day

The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the matter said on Tuesday.

After RBI relaxes deadline, banks will be able to lend extra $35-42 billion: Sources

Former Union finance minister P Chidambaram Monday expressed happiness after the government "grudgingly acknowledged" the independence of the Reserve Bank of India.

Glad government acknowledged independence of RBI: Chidambaram

Reserve Bank of India(RBI) board members N Chandrasekaran along with other members are meeting today amid reports of government pushing for massive capital transfer from India's central banker.

RBI board members meet as government seeks credit, liquidity

The board of the Reserve Bank of India (RBI) on Monday agreed to ease liquidity for the financial sector and increase credit to small businesses, two sources present at the meeting said.

After marathon meeting, RBI board agrees to improve liquidity

Union minister Piyush Goyal Monday denied any confrontation between the Centre and country's central bank - Reserve Bank Of India (RBI). Goyal also said that there was nothing objectionable in discussions among the members of RBI's board of directors (BOD) about the central bank's responsibilities towards the country.

No confrontation between Centre and RBI: Piyush Goyal

The BSE benchmark Sensex rallied over 300 points Monday to end at over a six-week high of 35,774.88 as investors widened their portfolios ahead of the RBI's board meet outcome amid foreign fund inflows.

Sensex rallies over 300 points ahead of RBI board meet outcome

Congress President Rahul Gandhi on Monday launched a scathing attack on Prime Minister Narendra Modi and said that he and his party coterie is destroying every institution they can get their hands on.

RBI board meeting: Rahul Gandhi says Urjit Patel and his team 'must show Narendra Modi his place'

As Prime Minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year’s general election it is getting the central bank’s board to take on a much more powerful role, according to government officials and board members.

Govt pressure on RBI will become abundantly clear in Monday meeting: Board members

West Bengal Chief Minister Mamata Banerjee Friday accused the NDA government of destroying key Indian institutions such as the CBI and the RBI and claimed that after the Lok Sabha elections, the saffron party that has made 'building statues' its poll agenda will itself be reduced to a statue.

NDA destroying institutions like CBI, RBI; BJP will be reduced to a statue after 2019 polls: Mamata

India's government and its central bank are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to unnerve investors.

Modi government, RBI close to ironing out policy differences: Sources

RBI Board member S Gurumurthy said Thursday that the government is not eyeing the RBI's surplus cash reserves but only looking at the formulation of a policy that would define how much of a cash reserve the bank needed to keep with it.

Govt wants policy on how much cash reserve RBI should have: Board member S Gurumurthy

Govt, RBI nearing truce, threat of Urjit Patel resigning off table: Sources

Rupee and bonds rose in early trade on Wednesday, boosted by a fall in global oil prices and on the central bank`s announcement to buy bonds via open market purchases.

Rupee, bonds surge on lower oil prices, RBI bond buy announcement

The government and the Reserve Bank of India seem to be veering around to an agreeable solution with respect to relaxation of the Prompt Corrective Action (PCA) framework and the easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said.

RBI, govt trying to reach common ground on key issues: Sources

With headline inflation expected to remain benign in the second half of the current fiscal, a report Monday said the Reserve Bank of India (RBI) is likely to keep repo rate, or the rate at which it lends to the banks, unchanged in the rest of the fiscal.

RBI may keep repo rate unchanged for remainder of fiscal year: Report

The current tussle between the Central Government and the Reserve Bank of India (RBI) has brought into focus the issue of autonomy of the central bank in operationalising its monetary policy.

Evolution of central banking in India

Rbi, News on Rbi, stories on Rbi, articles on Rbi, Rbi stories at Wion, Rbi news, Rbi latest news

rbi