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Suvashree Choudhury

Rivals unite in Indian state in bid to beat Modi in elections

12 Jan 2019

NEW DELHI/MUMBAI Two political rivals in the northern Indian state of Uttar Pradesh will form an alliance in a bid to defeat Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in national election scheduled for May, leaders of the parties said.

RPT-EXCLUSIVE-India central bank to eye Dec qtr results before easing lending curbs on some banks

11 Jan 2019

MUMBAI, Jan 10 Eleven Indian state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday.

Exclusive: India central bank to eye December quarter results before easing lending curbs on some banks

10 Jan 2019

MUMBAI Eleven Indian state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday.

Rupee turns around on global dollar weakness, stocks also recover

20 Dec 2018

MUMBAI The Indian rupee posted on a turn-around on Thursday as the dollar weakened globally while stocks also recovered most of the day's loss after a weak opening for both markets.

UPDATE 3-Indian rupee turns around on global dollar weakness, stocks also recover

20 Dec 2018

* Rupee turns around as global dollar weakens, dollar inflows

RBI's monetary policy committee sounds cautious on inflation: minutes

19 Dec 2018

MUMBAI India's monetary policy committee sounded cautious on inflation and preferred to wait for more data to see for how long price pressure and growth momentum would remain soft, according to minutes of its Dec. 5 meeting published on Wednesday.

UPDATE 1-India's interest rate panel sounds cautious on inflation - minutes

19 Dec 2018

* Panel uncertain over inflation outlook, to wait for more data

Indian markets rise after capital boost, crude slide

19 Dec 2018

MUMBAI, Dec 19 Indian shares, bonds and the rupee currency rallied in early trade on Wednesday as crude prices softened and the central bank announced a hefty open market bond purchase for January.

RBI board seeks more discussion on governance under new boss

14 Dec 2018

MUMBAI The board of the Reserve Bank of India (RBI) said on Friday it had deliberated on the central bank's governance framework and decided the matter requires "further examination".

UPDATE 2-India c.bank board seeks more discussion on governance under new boss

14 Dec 2018

* Das seeks time to study data before taking more steps - source

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