RBI Deputy Governor Viral Acharya, who was the face of central bank’s Independence, has reportedly resigned six months before the scheduled end of his term. Acharya, who joined the RBI on January... Read more »
The Centre for Monitoring Indian Economy (CMIE) has said that the past data would not indicate that a reduction in interest rates necessarily translates to rise in investments. In its previous meeting,... Read more »
Bankers have rejoiced as the RBI slashed interest rates and changed the policy stance from neutral to an accommodative one. The repo rate is now positioned at 5.75%. While it seems that... Read more »
For the third time in a row, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) today slashed interest rates by 25 basis points, as was widely expected. The MPC consisted... Read more »