RBI Hikes Key Policy Rates Like Air India pilots, even equity shares seem to have gone on strike against RBI’s move to hike key policy rates by 50 bps today. Benchmark BSE Sensex corrected a whopping 463 points indicating its disliking against the decision. The only difference being –
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Despite fraught with multiple corruption charges within the political party, one thing for sure – the reformist movement at the UPA government has reigned over the lethargically-motivated bureaucratic red-tapism. This Congress-led government has certainly stepped on the gas for finance sector reforms. And, whenever such reforms are formulated in
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It’s like – if you are wounded, then tighten the noose slowly and gently, but surely. The noose should not further hurt your wound and yet provide you protection from the outer world. Yes, that’s what RBI seems to be doing rather well – ensuring that a rate hike
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It is said that economic imbalances are a major source of crisis. Moreover, certain imbalances are so hyped with over-exuberance, that only bearish recessionary situations can dampen the spirits and correct the frothy build-up that developed into the system. However, once the recession has deepened its clutches, it is
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There’s something I want to share on how financial institutions, specifically Housing finance companies help making India Green. This is now being implemented in United States and few European countries. Let’s hope Reserve Bank of India can consider this as a good proposition. In this era of global warming,
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Winding the coil and unwind it! – thats what RBI seems to have done better than most other Central banks world over since the start of the global recession. In fact, RBI has gone one step further and announced that it will come out with more frequent mid-quarterly monetary reviews,
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By the end of the year, you may well average out with a request for an extra cheque book altogether, from your bank. Getting any clue from the above statement? Read on… If you’re one of those hasty scribblers on an all-important document of your cheque book, here is
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Returns from bank Fixed deposit (FD) are at their lowest point, attracting lower interest from the retail investors on account of low value for money when compared with high inflation rates. This leads to very negligible real rate of return when adjusted with the inflationary cost over-run to interest
» continue readingRising inflation coupled with robust IIP data is what seems to have prompted Reserve Bank of India (RBI) to go for a pre-mature rate hike just a month before the next policy meeting scheduled on April 20. RBI has hiked the repo and reverse repo rates by 25 bps
» continue readingThe WPI (Wholesale Price Index) finally moved into the positive territory at 0.12 percent for the week ended September 5, after staying in negative for 13 consecutive weeks. Primary articles, especially food items, are supposed to have pushed the headline inflation rate as measured by the wholesale price index
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