Reuters India Business

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the central bank cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions. The NSE Nifty 50 settled 0.12% lower at 24,677.8, while the BSE Sensex …

Indian benchmarks log best week in 6 months as cenbank boosts liquidity Read More »

MUMBAI (Reuters) – The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold for the first time in more than four years, effectively easing monetary conditions as economic growth slows. The monetary policy committee kept the key lending …

Changes to India’s cash reserve ratio since 1992 Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks’ cash reserve ratio, effectively easing monetary conditions amid slowing economic growth. The rupee closed at 84.6875 against the U.S. dollar, up from its …

Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall Read More »

(Reuters) – The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as economic growth slows. The Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.50% for an eleventh straight policy meeting. …

Indian cenbank holds rates steady; cuts banks’ cash reserve ratio Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio that banks are required to hold for the first time in over four years, effectively easing monetary conditions as economic growth slows. India’s GDP growth rate fell …

India’s RBI supports growth with liquidity boost but holds rates amid high inflation Read More »

By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India may ease monetary conditions on Friday by reducing banks’ cash reserve ratios after economic growth slowed to a seven-quarter low, but inflationary pressures may make it reluctant to cut interest rates just yet, analysts said. The six-member monetary policy committee (MPC) is largely expected …

India cenbank may ease policy Friday through liquidity if not rates, analysts say Read More »