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Dec 2, 2014

India’s RBI leaves rates on hold, says could ease early 2015

MUMBAI (Reuters) – The Reserve Bank of India held interest rates steady as widely expected at a policy review on Tuesday, and said it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit.

Uneasy over India’s weak recovery from its slowest phase of growth since the 1980s, the six-month-old government of Prime Minister Narendra Modi had been seen as favoring an early reduction in rates, but RBI Governor Raghuram Rajan said containing inflation was a prerequisite.

Dec 2, 2014

RBI leaves rates on hold, may cut early next 2015

MUMBAI (Reuters) – The Reserve Bank of India (RBI) held interest rates steady as widely expected at its policy review on Tuesday, but said it could cut interest rates by early next year depending on whether inflation eases further and on fiscal developments.

Forty-one of 45 economists polled by Reuters had forecast that the RBI would keep the repo rate at 8.00 percent, while four expected a reduction of 25 basis points.

Dec 2, 2014

India’s RBI leaves rates on hold, may cut early next 2015

MUMBAI, Dec 2 (Reuters) – The Reserve Bank of India held
interest rates steady as widely expected at its policy review on
Tuesday, but said it could cut interest rates by early next year
depending on whether inflation eases further and on fiscal
developments.

Forty-one of 45 economists polled by Reuters had forecast
that the RBI would keep the repo rate at 8.00
percent, while four expected a reduction of 25 basis points.

Dec 1, 2014

India’s RBI seen holding rates, sounding dovish to soothe government

MUMBAI (Reuters) – The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government’s call for help to revive economic growth.

Forty-one of 45 economists saw the RBI keeping the repo rate INREPO=ECI at 8.00 percent at its policy review, while four expected a reduction of 25 basis points.

Dec 1, 2014

RBI seen holding rates, sounding dovish to soothe government

MUMBAI (Reuters) – The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government’s call for help to revive economic growth.

Forty-one of 45 economists saw the RBI keeping the repo rate at 8.00 percent at its policy review, while four expected a reduction of 25 basis points.

Oct 22, 2014

Fears for tough penalties grow as India cleans up business

MUMBAI, Oct 22 (Reuters) – An unprecedented ban on India’s
largest property developer from tapping capital markets has
fuelled expectations of tougher penalties ahead, as the
country’s regulators feel emboldened to take on even companies
long sheltered by political connections.

The result has been a slide over the past week in shares of
firms known to be under investigation – adding to what was
already a year-long weakness in the stocks of companies seen as
tied to the Congress party, which was ousted from power in May.

Oct 15, 2014

State elections could unlock Modi reform push

MUMBAI (Reuters) – Voters from Maharashtra and Haryana headed to the polls on Wednesday for the first major elections since Prime Minister Narendra Modi stormed to power five months ago, in a test of support that could unlock a round of delayed economic reform.

Opinion polls showed Modi’s Bharatiya Janata Party (BJP) was likely to win in both states, unseating unpopular incumbents, but fall short of a majority in each.

Oct 15, 2014

India state elections could unlock Modi reform push

MUMBAI (Reuters) – Indian voters from two states headed to the polls on Wednesday for the first major elections since Prime Minister Narendra Modi stormed to power five months ago, in a test of support that could unlock a round of delayed economic reform.

Opinion polls showed Modi’s Bharatiya Janata Party (BJP) was likely to win in Haryana and Maharashtra, unseating unpopular incumbents, but fall short of a majority in each.

Oct 12, 2014

Modi seeks state election wins to support reform agenda

MUMBAI (Reuters) – Prime Minister Narendra Modi spearheaded his party’s campaign for elections later this week in Maharashtra state, knowing that victory in the home of financial hub Mumbai will make it easier to push through economic reforms.

The state of Haryana also votes on Wednesday. But it is Maharashtra that will provide the best test of how well Modi’s appeal is holding up, five months after he stormed to power in a general election with promises to mend a country battered by corruption scandals, high inflation, and sharply slowing growth.

Oct 12, 2014

India’s Modi seeks state election wins to support reform agenda

MUMBAI (Reuters) – Prime Minister Narendra Modi spearheaded his party’s campaign for elections later this week in Maharashtra state, knowing that victory in the home of India’s financial hub Mumbai will make it easier to push through economic reforms.

The smaller northern state of Haryana also votes on Wednesday. But it is the western state of Maharashtra that will provide the best test of how well Modi’s appeal is holding up, five months after he stormed to power in a general election with promises to mend a country battered by corruption scandals, high inflation, and sharply slowing growth.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
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