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Raghuram Rajan: India has a new anti-inflation cheerleader
Industry may have been happy to see the back of former RBI Governor Subbarao, a hawkish Governor, who failed to cut interest rates, despite the duress from industry and government. Now, industrialists love to give out sound bytes against high ...
Subbarao blames government for rupee dip, economic woes
Mumbai: In a forthright "last public lecture" before he retires next week, RBI Governor D Subbarao was Thursday sharply critical of the government, blaming its "loose fiscal stance" for the current economic woes, and warned that the root cause of rupee ...
CRR, SLR could come down further: Subbarao
Mumbai: Outgoing RBI Governor D Subbarao, who had disagreed with bankers' call to further trim the cash reserve ratio or pay interest on these deposits, and cut SLR, Tuesday said "perhaps" there is a need to reduce these rates. "I ...
RBI Governor pitches for greater autonomy for central banks
Pitching for greater autonomy for central banks, RBI Governor D Subbarao on Thursday said that if they are allowed to function independently, economies will be best served. "Economies will be best served if governments ensure that their central banks are able ...
Subbarao leads meeting of the FSDC Sub Committee
A meeting of the Sub-Committee of the Financial Stability Development Council (FSDC) was held today in Hyderabad. Dr. D. Subbarao, Governor, Reserve Bank of India and other officials, chaired the meeting. The Sub-Committee reviewed the recent developments in the global ...
Rupee slide: Governor meets Prime Minister
A day after hinting that the central bank would take necessary steps to arrest the rupee's slide, RBI Governor D Subbarao today met Prime Minister Manmohan Singh and is believed to have discussed the issue with him. Although the rupee has ...
RBI holds repo rates; disappoints markets
The Reserve Bank of India (RBI) today held repo rates steady, as was largely expected, guided by elevated inflation numbers. “Overall inflation at 7% was discomforting. Cannot ignore overall inflation. If there are definite signs of decline we will take action. ...
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