India
RBI hikes reserve ratio on back of price fears
The Reserve Bank of India has taken emergency steps to tackle burgeoning inflation just 12 days before its scheduled monetary policy meeting.
India's Reddy on the global economy
The Reserve Bank of India is optimistic that the country's mutually beneficial relationship with the global economy will continue, Y.V. Reddy, the governor of the central bank, said.
Indian inflation "unacceptably high": Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, has said that the institution is ready to act on inflation, which hit a fresh three-year high at the end of March.
SWF to manage India's FX reserves?
Part of India's foreign exchange reserves, owned by the central bank, could be better managed by a sovereign wealth fund, Y.V Reddy, the governor of the Reserve Bank of India, said on Monday.
RBI calls for better banking
Shyamala Gopinath, a deputy governor at the Reserve Bank of India, called on banks to improve their standards of customer service.
India's inflation surge may mean rate rise
India's key inflation rate rose to a three-year high, said the government on 4 April, raising the possibility of a rate rise being imposed by the Reserve Bank of India.
Fostering lending to Indian SMEs - Mohan
India's financial system is still not adequately geared to finance new ideas and new firms, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
Emerging markets set to suffer, says IMF head
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the turmoil in the US subprime market will affect emerging market growth.
Chinese and Indian roles in world markets limited
China's and India's roles in the global financial system are relatively limited, research published by the European Central Bank finds.
Royal Monetary Authority of Bhutan: Ann Rep 06-07
2006 saw the signing of an agreement between India and Bhutan, which facilitates the flow of funds and manpower resources from India for the construction of hydropower projects in the kingdom.
India's Reddy warns on debt risks
India's high consolidated public debt to GDP ratio is a major area of vulnerability, said Y.V. Reddy, the governor of the Reserve Bank of India.
India's central bank cuts again
The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.
New payments model needed, says RBI
The Reserve Bank of India (RBI) has suggested that a change in its regulatory regime, allowing migration to a new payments model featuring the use of mobile phones and pre-paid cards, could soon be under way.
Reserve Bank of India -Annual Report 2006-2007
Real GDP growth in India accelerated to 9.4% in 2006-07 from 9.0% in 2005-06, boosted by the double digit growth in the services and industrial sectors.
India increases reserve ratio to dampen inflation
The Reserve Bank of India has hiked its cash reserve ratio from 7% to 7.5% in an effort to curb inflation. The revised ratio, which was announced as part of its mid-term review of annual policy for the 2007/08 financial year, will apply from 10 November.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.
Reserve Bank of India opposes stabilisation fund
Y V Reddy, the governor of the Reserve Bank of India, has stated that "no serious consideration" is being given to setting up a stabilisation or sovereign wealth fund in India.
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
US asks if it is losing its productivity advantage
Strong labour productivity growth in China and India may force some US firms out of business, but will also benefit the world's largest economy.
King and Reddy to speak on India
Mervyn King, the governor of the Bank of England, and Y.V. Reddy, the governor of the Reserve Bank of India, will discuss the future of the Indian economy in an event at the London School of Economics on 15 October.
India's Reddy discusses monetary policy
Y.V. Reddy, the governor of the Reserve Bank of India, said that the central bank's monetary policy would alter if turmoil in the financial markets threatened the country's economic stability.
RBI profits soar
The Reserve Bank of India (RBI) has recorded growth of 182% in gross total income to Rs 75,348 crore ($18.4 billion) during 2006-07 from Rs 26,320 crore last year on the back of the sale of State Bank of India (SBI) shares.
Norway raises rates to 4.75%
The Central Bank of Norway has increased its key policy rate by 0.25% to 4.75%, despite acknowledging recent market turmoil.
India limits overseas borrowing
In an attempt to stem the rise in the rupee, the Reserve Bank of India said that companies borrowing overseas cannot remit more than $20 million to India in a single financial year.