The Expert Committee to Revise and Strengthen the Monetary Policy Framework Submits its Report
On September 12, 2013, Dr. Raghuram G Rajan, Governor had appointed an Expert Committee to revise and strengthen the monetary policy framework. The Committee submitted its report to the Governor today. Ajit Prasad Assistant General Manager Press Release : 2013-2014/1459 Report attached for download. Report of the Expert Committee to Revise and Strengthen the Monetary… Read More
Tags: Central bank, China, Committee, Federal Reserve System, finance, Monetary policy, Money supply, United States
Developments in India™s Balance of Payments during the First Quarter (April-June) of 2013-14
Preliminary data on India™s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India™s BoP during April-June 2013 India™s current account… Read More
Tags: Balance of payments, Current account, Federal Reserve System, Federated Investors, FII, GDP, Gross domestic product, India
Mid-Quarter Monetary Policy Review: September 2013
Click here to Download the Report Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect; reduce the minimum daily maintenance… Read More
Tags: Bank Rate, Basis point, Central bank, CRR, Federal Reserve System, Government, Repurchase agreement, Reserve Bank
RBI announces measures to rationalise Foreign Exchange Outflows by Resident Indians
Keeping in view the current macroeconomic situation, the Reserve Bank of India has today announced the following measures: (i) Reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth. This reduced limit would… Read More
Tags: Asia, Current account, Federal Reserve System, India, List of companies of India, rbi, Reserve Bank of India, Run batted in
RBI Study on Impact of Real Interest Rate on Growth and Investment
While lower real interest rates can stimulate growth and investment, central bank cannot adopt a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold the negative impact of inflation on growth outweighs its positive impact through lower real interest rate. This was the conclusion of a study undertaken by… Read More
Tags: Central bank, Economic growth, Federal Reserve System, GDP, India, Investment, Real interest rate, Reserve Bank of India
Central Banking in Emerging Economies Emerging Challenges
(Speech delivered by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the European Economics and Financial Centre, London on July 17, 2013) First of all, my thanks to the European Economics and Financial Centre for inviting me to speak at the Distinguished Speakers Seminar. It is an honour to which attach a lot of value.… Read More
Tags: Central bank, Duvvuri Subbarao, European Economics and Financial Centre, Federal Reserve System, Great Moderation, London, Reserve Bank of India, Supply shock
RBI releases Financial Stability Report: June 2013
The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness, timing and pace of imminent exit from unconventional monetary policies by the US is intensifying and the consequent tremors are being felt in financial markets across the… Read More
Tags: Basel II, Economy of India, Federal Reserve System, Financial Stability and Development Council, FSR, India, Non-banking financial company, Reserve Bank of India
No Additional Restrictive Measures on Gold Contemplated : CEA
Statement Made by Chief Economic Adviser Dr. Raghuram G. Rajan to the Media Today; India Has Received Net Inflow Of $3.675 Billion Between May 1 and June 10, 2013; Large Part of the Decline in the Value of Rupee In Recent Days Is Because of Dollar Strength; Significant Drop in Gold Imports Expected During June, 2013… Read More
Tags: CAD, Computer-aided design, Current account, Federal Reserve System, Government, India, Raghuram Rajan, Run batted in
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