RBI has decided to help SMEs, as part of its five pillar approach. In a notification, it has decided to provide refinancing to SIDBI, which is the Small ...
Rajan has yet another speech in which he says much of the same but two important points: Changes to Markets are coming In the coming weeks, we will ...
We note from the RBI Monthly Bulletin, that it has continued its selling spree on the dollar, selling a more than $6.9bn (gross) through the month of ...
RBI releases guidelines for foreign banks to become fully owned subsidiaries in India. This is likely to mean that banks like Citi, Stanchart and HSBC, which ...
Rajan is unlikely to be a Volcker right now. The policy press conference has this statement: I do not want to say inflation targeting because once you say the ...
Rajan has , in his first “real” policy, increased the repo rate by 0.25% to 7.75% and cut the MSF rate by 0.25% to 8.75%. Reverse repo goes to 6.75%. Note: ...
The Macroeconomic Policy for Q3 will be tomorrow, but before that we have a statement by the RBI, which has interesting ramifications for what will happen ...
(I wrote this for Pragati, in August 2013) Freedom is a wonderful thing. In 1947, we got freedom of one type, in the very month this article is published. Yet, ...
The RBI has announced that it has collected a phenomenal $10 billion through the FCNR dollar swap arrangement. The Reserve Bank has received till date USD 10.1 ...
In a speech at Harvard Business School, RBI governor Raghuram Rajan tells us a story: In part, India’s slowdown paradoxically reflects the substantial fiscal ...
