Tag: Reserve Bank of India

India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has today raised key interest rates for the thirteenth time since March 2010, in a bid to tame stubbornly high inflation. The central bank lifted its main rate to 8.5% from 8.25% as inflation soars on the back of higher food and fuel prices and the measures were widely [...]

October 25, 2011 More
Indian inflation eases in September

Indian inflation eases in September

Figures today revealed India’s wholesale price inflation eased to annual rate of 9.72% last month, down from August’s rate of 9.78%. However, the rate is still significantly above the central bank’s target of between 4% and 5% and represented the tenth consecutive month that inflation has been above the 9% mark. Stubbornly high inflation has [...]

October 14, 2011 More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has today raised key interest rates for the twelfth time since March 2010, in a bid to tame stubbornly high inflation in a thriving economy. The central bank lifted its main rate to 8.25% from 8% as inflation soars on the back of higher food and fuel prices and [...]

September 16, 2011 | 0 Comments More
Indian inflation rises in August

Indian inflation rises in August

Figures today revealed India’s wholesale price inflation rose to 9.78% last month – the highest level in a year – and significantly above the central bank’s target of between 4% and 5%. Not only was the rate up from July’s increase of 9.22%, it was also higher than expectations of a 9.70% increase. This represented [...]

September 15, 2011 | 0 Comments More
Indian economic growth slows in Q2

Indian economic growth slows in Q2

According to the finance ministry, India’s economy expanded by 7.7% in the April to June period – much slower than the 8.8% growth in the same period a year earlier. It was the weakest growth in six quarters and was attributed to a slowdown in construction activity. Construction saw an increase of just 1.2% during [...]

August 30, 2011 | 0 Comments More
India lowers growth forecast to 8.2%

India lowers growth forecast to 8.2%

India, which is Asia’s third largest economy, has lowered its growth forecast for the current fiscal year to March 2012 to 8.2% from 9%. The revision comes amid global uncertainty and a series of interest rate hikes to combat stubbornly high inflation. Last week, the Reserve Bank of India (RBI) raised key interest rates for [...]

August 1, 2011 | 0 Comments More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has raised key interest rates for the eleventh time since March 2010, in a bid to tame stubbornly high inflation in a thriving economy. The central bank lifted its main rate to 8% from 7.5% as inflation soars on the back of higher food and fuel prices. In a [...]

July 27, 2011 | 0 Comments More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has today raised key interest rates for the tenth time since March 2010, in a bid to tame stubbornly high inflation in a thriving economy. The central bank raised its repo rate, at which it lends to banks, to 7.25%, and its reverse repo rate, at which it borrows [...]

June 16, 2011 | 0 Comments More
India’s economic growth slows in Q1

India’s economic growth slows in Q1

May 31, 2011 | 0 Comments More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has today raised key interest rates for the eighth time in less than a year, in a bid to tame stubbornly high inflation in a thriving economy. The move, which was widely expected, saw the central bank raise its repo rate, at which it lends to banks, to 6.75%, [...]

March 17, 2011 | 0 Comments More
Indian economy to surge ahead but inflation a “threat”

Indian economy to surge ahead but inflation a “threat”

The Indian economy is projected to expand 8.6% in the current fiscal year, according to Government estimates. The Indian economy, which is the world’s second fastest-growing major economy behind China, grew by a staggering 8.9% on an annual basis in the July to September period. However, the economy faces headwinds – the country’s inflation rate [...]

February 7, 2011 | 0 Comments More
Reserve Bank of India in further interest rate hikes

Reserve Bank of India in further interest rate hikes

The Reserve Bank of India (RBI) has today raised key interest rates for the seventh time in less than a year, in a bid to tame stubbornly high inflation in a thriving economy. The move, which was widely expected, saw the central bank raise its repo rate, at which it lends to banks, to 6.5% [...]

January 25, 2011 | 0 Comments More
Indian inflation rate falls in line with expectations

Indian inflation rate falls in line with expectations

Figures today revealed India’s wholesale price inflation rate fell last month to 7.48%, from 8.58% the previous month - in line with expectations of 7.50%, but still significantly above the central bank’s target of between 4% and 5%. The figures suggest the Reserve Bank of India (RBI) will keep interest rates on hold when it [...]

December 14, 2010 | 0 Comments More
Indian industrial output growth slows

Indian industrial output growth slows

Figures published today revealed a slowdown in industrial output in India - which fell to a 16-month low. India’s statistics office said output grew 4.4% on an annualised basis in September - less than expected and down from August’s 6.9% growth. Federal finance minister, Pranab Mukherjee, described the industrial slowdown as a “matter of concern” [...]

November 12, 2010 | 0 Comments More
India lifts interest rates to 5%

India lifts interest rates to 5%

The Reserve Bank of India (RBI) has today elected to lift interest rates from 4.5% to 5% - higher than the 4.75% that economists had expected. It is the fifth such rise since March as the country battles to tame inflation. India’s inflation rate, which is the highest among the Group of 20 leading nations, [...]

September 16, 2010 | 0 Comments More
Indian inflation rate eases to 8.5% in August

Indian inflation rate eases to 8.5% in August

India’s inflation rate fell last month to its lowest level since January, Government data showed today. Headline inflation eased to 8.5% in August from a revised 9.8% in July - however, this partly due to a change in the way the index is calculated. The new index includes a wider range of consumer goods, such [...]

September 14, 2010 | 0 Comments More
India raises interest rates to combat inflation

India raises interest rates to combat inflation

The Reserve Bank of India (RBI) has raised its key interest rate from 4% to 4.5% in a bid to combat rising inflation. It is the fourth such increase this year and economists had only expected a rise to 4.25%. Inflation rose to 10.55% in June and the latest interest rate hike is a fresh [...]

July 27, 2010 | 0 Comments More
India raises interest rates to combat inflation

India raises interest rates to combat inflation

The Reserve Bank of India (RBI) has raised its key lending and borrowing rates from 5.25% to 5.5%, in a bid to combat rising inflation. Inflation rose to 10.16% in May – far exceeding the central bank’s own estimate of 8.5%. The wholesale price index rate, which represents the highest since 2008, is the central [...]

July 4, 2010 | 0 Comments More
India’s inflation rate surges above 10% mark

India’s inflation rate surges above 10% mark

June 14, 2010 | 0 Comments More
India interest rate hike sends Asian shares plummeting

India interest rate hike sends Asian shares plummeting

The Reserve Bank of India (RBI) surprised markets on Friday by raising its key lending and borrowing rates by 25 basis points, in order to combat rising inflation. The hike sparked fears that other central banks in Asia may increase their efforts to fight inflation, which sent shares lower throughout Asia today. Hong Kong lost [...]

March 22, 2010 | 0 Comments More