Free Press Journal
  • policy rate cut

    Depositors worried of further rate cuts

    Last week’s decision of the Monetary Policy Committee was keenly awaited. Would they cut the Reserve Bank of India’s policy rate by 25 or 50 basis points? (One basis point is one hundredth of one percent). This is called the repo rate, at which banks borrow emergency funds from the RBI against some collateral. It is called the “overnight window”, and helps banks tide over temporary mismatches in demand and supply of funds at

  • Window is scant, RBI to cut rates by 25 bps on Apr 5, Deutsche

    New Delhi: Demand for policy rate cut may be considerable, but given the central bank’s inflation target, rate cut space is scant, and the Reserve Bank is likely to cut only 25 bps in the upcoming monetary policy, a Deutsche Bank report says.

  • Indian Rupees

    Making the crash work in your favour

    The devaluation of the Chinese yuan, coupled with anxieties about Beijing’s ability to revive the flagging economy, tasted first blood with a massive global stock market slide and a currency tumble. Worse is expected, especially for countries that relied on the Chinese economy as the main growth driver. Rumours abound of the contagion spreading, as indeed it did during the East Asian crisis because of the interlocking of economies. So far, there

  • Raghuram Rajan

    Raghuram Rajan leaves rates unchanged; asks banks to lower rates

    Mumbai: Reserve Bank today kept its policy rates unchanged, with Governor Raghuram Rajan saying that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts.

  • Telecom tariffs to go down as Trai cuts call connect charge

    New Delhi: In a bid to boost fixed line phone connections in the country, telecom regulator Trai today removed charges that a landline service provider has to pay to the other service providers for transmitting its customers’ phone calls – a move that is likely to lead to lower tariffs.

  • RBI

    RBI May Ease Rates Further: Chief Economic Advisor

    Davos: Lauding RBI’s role in helping bring down inflation, Chief Economic Advisor Arvind Subramanian said the central bank may further ease the interest rates as improvement on price front has opened the space for monetary easing.