The main event in Asia on Friday is in India. The Reserve Bank of India is overwhelmingly expected to hold its key repo rate at 6.50%, after a sharp rise in inflation past the RBI's 6% tolerance ...
The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign ...
India's GDP growth rate fell unexpectedly to 5.4% in the July-September quarter, its slowest pace in seven quarters, while inflation is quickening again and the rupee has fallen to record lows ...
Indian central bank Governor Shaktikanta Das steered clear of giving any indication on his tenure in Friday’s monetary policy ...
Physical gold was sold at a discount in India for the first time in six weeks, as a weaker rupee drove up prices and in turn moderated demand, while top ...
Banks can now offer FCNR-B deposit rates up to ARR plus 400 basis points for 1-3 years and ARR plus 500 basis points for 3-5 years, significantly raising the previous caps.
The Reserve Bank of India, in a fine balancing act between boosting growth and reigning in inflation, came up with several ...
Most other Asian currencies traded flat with the Taiwanese dollar and Thailand's baht adding a modest 0.2% each.
RBI has announced Introduction of the Secured Overnight Rupee Rate (SORR) a benchmark based on the secured money markets. The Reserve Bank had set up the Committee on the MIBOR Benchmark to review the ...
Prices of parboiled rice exported from India fell this week as the rupee depreciated to a record low even as demand for the ...
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract ...
RBI Governor Shaktikanta Das on Friday reduced the cash reserve ratio (CRR) to 4% in two phases, aiming to address liquidity deficits caused by rupee depreciation and capital outflows. While there was ...