Reserve Bank of India has said it would take into account falling inflation while deciding on policy initiative in its review next month.
"We certainly will take note of the
Encouraged by the declining trend in inflation, the Finance Ministry today made a case for further rate cut by the Reserve Bank to boost sagging growth.
The Reserve Bank has directed banks to do away with stapling of note packets and issue only clean currency notes to the public.
As the Reserve Bank gears up for a trial of plastic currency notes, it has to dispose of soiled paper currency bills worth an estimated amount of over Rs two
The RBI has no plans to retire foreign currency forward contracts to meet the liquidity deficit in the financial system and would instead consider bond purchases and other measures, the
Banks which exceed the target of opening brances in rural areas in a year, will be allowed to carry forward the additional number to the next fiscal, RBI has said.
The Reserve Bank today reduced the requirement of holding HTM (held-to-maturity) category bonds in the SLR (statutory liquidity ratio) portfolio for the banks to 23 per cent from the existing
Sticking to government's projection of economic growth of 6. 1-6
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