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India central bank deputy governor Acharya resigns before end of term

8:21am BST

MUMBAI Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, citing personal reasons, the central bank said on Monday, confirming a media report.

India's flagging economy needs urgent boost amid muted inflation: MPC minutes

20 Jun 2019

MUMBAI With inflation in India well within the monetary policy committee's (MPC) mandated target, it is crucial to give higher importance to faltering economic growth, members said in the minutes of the June meeting released on Thursday.

India's flagging economy needs urgent boost amid muted inflation - MPC minutes

20 Jun 2019

MUMBAI, June 20 With inflation in India well within the monetary policy committee's (MPC) mandated target, it is crucial to give higher importance to faltering economic growth, members said in the minutes of the June meeting released on Thursday.

India's central bank relaxes stressed asset guidelines for lenders

07 Jun 2019

MUMBAI The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower's accounts within 30 days of default, according to a circular issued on Friday.

India's central bank cuts rates, turns 'accommodative' as economy slows

06 Jun 2019

MUMBAI The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its policy stance to "accommodative," after latest data showed the economy growing at its slowest in over four years. | Video

India central bank seen cutting rates, may turn 'accommodative' after dismal GDP

04 Jun 2019

MUMBAI A worrying slowdown in India's economy makes a cut in the central bank's benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to boost banks' liquidity to ensure they drop their lending rates too.

Indian markets rally, rate cut bets firm after weak GDP growth

03 Jun 2019

MUMBAI India's benchmark 10-year bond yield dropped to a more than one-and-half-year low while shares and the rupee gained as a sharp decline in economic growth in the March quarter firmed expectations for at least a quarter-point rate cut on Thursday.

Indian officials see little chance of finding missing climbers alive

02 Jun 2019

MUMBAI Two Indian air force helicopters conducted reconnaissance missions around the Nanda Devi mountain in the Himalayas for eight missing climbers without success on Sunday and survivors are unlikely to be found, two state government officials said.

Indian officials see little chance of finding missing climbers alive

02 Jun 2019

MUMBAI, June 2 Two Indian air force helicopters and a rescue team scoured the Himalayan region around the Nanda Devi mountain for eight missing climbers without success on Sunday and survivors are unlikely to be found, two government officials said.

Indian stocks shed gains as euphoria over Modi election win fades

23 May 2019

MUMBAI/BENGALURU India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy.

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