Don't think RBI will be rushing to cut rates: Experts
last updated on December 16, 2011 at 6:21 pm
moneycontrol
Reserve Bank Governor D Subbarao today said he cannot speculate on when he will start cutting policy rates, but assured that the central bank will ensure that there is enough liquidity in the system by conducting open market operations.
The Reserve Bank of India bought Rs 11194 crore ($2.02 billion) of government bonds through open market operation ( OMO) on Friday, lower than the notified Rs12000 crore.The RBI bought the 9.15 percent bonds maturing in 2024 at Rs 104.73 , yielding...
In the past 18 months the banking regulator has been fairly active. Number of constraints or disincentives have been imposed on banks; about a couple of months back the savings rate was deregulated, recently the NRI interest rates have been...
MUMBAI (Reuters) - The rupee strengthened for a second session on Friday, continuing its recovery from record lows hit this week, after the Reserve Bank of India (RBI) stepped in to defend the currency and exporters and custodian banks were heavy...