India
RBI appoints committee on rupee float
In consultation with the Government of India, the Reserve Bank of India on Monday 20 March appointed a committee to set out the framework for fuller Capital Account Convertibility.
Comment: Relaxing capital constraints
Indian policymakers surprised analysts and market participants alike this week by announcing their intention to ease capital restrictions and make the rupee fully convertible. The Indian experience with capital and exchange rate liberalisation bears some…
RBI third quarter review
On January 24 Reserve Bank of India governor, Dr Y Venugopal Reddy, presented the central bank's third quarter review of annual monetary policy for the year 2005-06.
RBI's Reddy on the role of accountants
In the speech 'Role of accountants in fostering economic growth' given on 19 January Dr YV Reddy of the Reserve Bank of India said the relationship between the RBI and the Institute of Chartered Accountants of India has been mutually reinforcing, where…
RBI's Reddy on central bank communications
In the speech 'Central bank communications: Some random thoughts' given on 23 January YV Reddy of the Reserve Bank of India said increased responsibility of maintaining financial stability and adopting inflation targeting has resulted in India adopting a…
RBI group to advise on accounting issues
The Reserve Bank of India plans to establish a small group comprising representatives from the Institute of Chartered Accountants of India (ICAI) and the central bank to discuss matters relating to audit and accounting standards.
RBI plans RTGS cover for 5000 branches
The Reserve Bank of India said it plans to bring another 5,000 bank branches under the Real Time Gross Settlement (RTGS) system mechanism by June 2006.
Fixing the RBI`s own monetary policy
This article published on Thursday 12 January says the Reserve Bank of India has an absurd officer-to-staff ratio and poor salary structures. And the staffing structure is lopsided in favour of non-officers, it says.
Singapore's Tong on riding the Asian tide
In the speech 'Riding the Asian tide' given on 8 November Goh Chok Tong said the rise of China and India will shift the global economic centre of gravity from West to East.
Why RBI is asking for autonomy
The Reserve Bank of India has been striving to attain a degree of autonomy for quite some time, according to this article published on 5 Monday December . And there are valid reasons for the RBI in doing so, it says.
India following 'passive policy' on gold
Reserve Bank of India governor, Yaga Venugopal Reddy, said on Tuesday 6 December that the federal government and the Reserve Bank of India (RBI) have been following a "passive policy" on its gold holdings.
UK's Brown says India, China to attend G7 meeting
China, India, Brazil and South Africa will attend part of the G7 finance ministers meeting this week, British finance minister Gordon Brown said on Monday 28 November.
India's PM calls for Asia growth push
India's Prime Minister Manmohan Singh has asked South Asian nations to show the resolve and maturity to grasp opportunities to become a major engine of growth for the global economy.
Interview with RBI governor YV Reddy
In an interview published on Wednesday 26 October, Reserve Bank of India governor Yaga Venugopal Reddy said baby steps are the fashion of the day. Nowadays, in monetary policy, no one takes big steps.
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
Statement by IMF's Rato on earthquake disaster
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Saturday 8 October in Washington, D.C. regarding the earthquake affecting Pakistan, north India and Afghanistan.
RBI's Reddy urges firms to disclose fx exposure
India's central bank governor called on companies to make more disclosures on their exposure to foreign exchange and derivative products on Friday.
Comment: Intervention tightrope
Central bank officials from three of the world's most important emerging markets this week made comments to the effect that they are intervening in foreign exchange markets and could continue to do so in the future. The reasons they put forward for doing…
Forex volatility a concern for RBI
The Reserve Bank of India is concerned about volatility in the rupee's exchange rate, RBI deputy governor Rakesh Mohan said on Wednesday 5 October.
RBI adviser says no pressure on rates
An Indian monetary policy adviser said in an interview on Tuesday 27 September he saw no immediate upward pressure on interest rates but warned that the central bank could not ignore rising U.S. rates.
BOK report sees China dominant economy by 2040
China will become the world's largest economy in terms of GDP by 2040, and India will closely follow its heels, according to a soon to be released report from the Bank of Korea.
RBI's Mohan on communications in central banks
In the speech 'Communications in central banks: A perspective' given on 9 September Rakesh Mohan of the Reserve Bank of India said central bank communication has come a long way. From the secretive central bankers, allegations are now made that they are…
RBI: Banks must improve technology to manage risk
A senior Reserve Bank of India official said Thursday 15 September that Indian banks need to strengthen technology platforms to manage risks better.
Mohan on the Indian economy in a global setting
In the speech 'Indian economy in the global setting' given on 8 September Rakesh Mohan of the Reserve Bank of India said India must seize the opportunities offered by forces of globalization to improve the quality of its people's life.