Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 35 results for "Reserve Bank of India"

When Harry met Sally syndrome

BENJAMIN ONG  |  MONDAY, 2 FEB 2015
... jumpstarted it all with its "surprise" decision to abandon its CHF1.20/euro peg. This was the same time as the Reserve Bank of India's surprise (because it was handed down 2 weeks before its scheduled meeting) rate cut announcement. Then it was the Danish ...

Central bank surprises

BENJAMIN ONG  |  THURSDAY, 22 JAN 2015
... Swiss National Bank (SNB) stomp the CHF1.20/euro line in the sand it drew way back in September 2011 and the Reserve Bank of India (RBI) lower its key interest rates last week. This week opened with the Danmarks Nationalbank - Denmark's central bank ...

That other surprise

BENJAMIN ONG  |  TUESDAY, 20 JAN 2015
... interest rates to even more negative. It also overshadowed another unexpected central bank policy move. The Reserve Bank of India (RBI) cut its key interest rates by 25 bps each - the repo rate to 7.75%, the reverse repo rate to 6.75%, the marginal standing ...

Indian optimism

BENJAMIN ONG  |  WEDNESDAY, 11 JUN 2014
... to 8.6% in April from 8.31% in March and 8.03% the month before. Stubbornly high inflation has kept the Reserve Bank of India (RBI) on the sidelines. In its June policy meeting, the RBI did nothing - it kept its key repo rate unchanged at a high 8.0% ...

BRICs without BRI

BENJAMIN ONG  |  WEDNESDAY, 26 MAR 2014
... annual rate back in 2010/11 to just 4.7% as at the December quarter of last year - and that's even before the Reserve Bank of India's (RBI) latest round of interest rate hikes flow through into the economy. C appears to be the only BRIC standing. While ...

While America was shuttered

BENJAMIN ONG  |  MONDAY, 21 OCT 2013
... close to joining forces with the SPD. All's well. Not in the Indian channel from the looks of it. Former Reserve Bank of India (RBI) governor Duvvuri Subbarao must be thanking his lucky stars that his term in office ended when it did - right in the midst ...

India's triple dilemma

BENJAMIN ONG  |  WEDNESDAY, 31 JUL 2013
... could set its own monetary policy to bring down the drachma to help restore growth in its economy. Not the Reserve Bank of India (RBI). No not the RBI, Virginia. The RBI announced liquidity tightening measures last week after the Indian currency hit ...

Falling BRICs

BENJAMIN ONG  |  FRIDAY, 22 MAR 2013
... counting in spite of the continued deterioration in growth fundamentals. That is, with the exception of the Reserve Bank of India (RBI). The RBI lowered its benchmark rate from 7.75% to 7.5% two days ago but at the same time, it cautioned that, "Even ...

On positive contagion, reflation and the great rotation

BENJAMIN ONG  |  MONDAY, 4 FEB 2013
... great rotation. Reflation. Yes. The central banks are still onto it... and are being joined by others. The Reserve Bank of India (RBI) lowered interest rates and its reserve requirement only last week. Speculation is that the Bank of Korea would follow ...

Open wide, come inside

BENJAMIN ONG  |  THURSDAY, 31 JAN 2013
... should help increase fund inflows into the country, easing pressure on the current account and give the Reserve Bank of India (RBI) room to lower interest rates. It didn't take long. Though hard to justify given India's still high inflation rate, the ...