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Sep 30, 2014

RBI keeps rates on hold, warns on inflation

MUMBAI (Reuters) – The Reserve Bank of India (RBI) sent a strong signal on Tuesday that it will refrain from cutting interest rates until it is confident that consumer inflation can be reduced to a target of 6 percent by January 2016.

The RBI policy review statement reinforced Governor Raghuram Rajan’s commitment to tame inflation in a country that has long struggled with prices rising at double digit levels annually, causing most distress for the country’s poor.

Sep 30, 2014

India rates kept on hold, central bank warns on inflation

MUMBAI, Sept 30 (Reuters) – The Reserve Bank of India sent a
strong signal on Tuesday that it will refrain from cutting
interest rates until it is confident that consumer inflation can
be reduced to a target of 6 percent by January 2016.

The Reserve Bank of India policy review statement reinforced
Governor Raghuram Rajan’s commitment to tame inflation in a
country that has long struggled with prices rising at double
digit levels annually, causing most distress for the country’s
poor.

Sep 29, 2014

RBI expected to sound neutral, hold rates steady

MUMBAI (Reuters) – The Reserve Bank of India is widely expected to keep interest rates on hold on Tuesday as Governor Raghuram Rajan pursues his quest to conquer inflation, encouraged by signs that upward pressures on consumer prices have begun to wane.

Investors in India’s bonds are happy with the priority Rajan gave to breaking the “back of inflation” in a speech last week. While investors in the booming stock market have been so filled with hope by the election of Prime Minister Narendra Modi last May, that they are undeterred by the high interest rates.

Sep 29, 2014

India central bank expected to sound neutral, hold rates steady

MUMBAI, Sept 30 (Reuters) – The Reserve Bank of India is
widely expected to keep interest rates on hold on Tuesday as
Governor Raghuram Rajan pursues his quest to conquer inflation,
encouraged by signs that upward pressures on consumer prices
have begun to wane.

Investors in India’s bonds are happy with the priority Rajan
gave to breaking the “back of inflation” in a speech last week.
While investors in the booming stock market have
been so filled with hope by the election of Prime Minister
Narendra Modi last May, that they are undeterred by the high
interest rates.

Sep 26, 2014

India regains ‘stable’ outlook from S&P on Modi reform agenda

MUMBAI, Sept 26 (Reuters) – India regained its “stable”
rating from Standard and Poor’s on Friday, more than two years
after an embarrassing downgrade, in a validation of Prime
Minister Narendra Modi’s ambitious agenda of economic and fiscal
reforms.

S&P had cut India’s “BBB-minus” rating to “negative” in
April 2012, leaving it on the verge of a “junk” rating. That
came to symbolize plummeting investor confidence because of
corruption cases and a perception of the political paralysis of
the then Congress-led government.

Sep 19, 2014

India’s largest investor LIC takes bullish view of Modi’s India

MUMBAI, Sept 18 (Reuters) – The chairman of India’s largest
investor, Life Insurance Corporation of India (LIC), said on
Thursday he saw few red flags ahead, betting on a long-term
rally for the country’s stock market under a new pro-business
government.

India’s equity market has outperformed emerging market
rivals this year, thanks to overseas fund interest fuelled by
Prime Minister Narendra Modi, who came to power in May with a
pledge to boost growth and revive investment. After months of
caution, domestic investors are now also growing more confident.

Sep 18, 2014

LIC chairman bullish on Indian markets

MUMBAI (Reuters) – Life Insurance Corporation of India (LIC) Chairman S. K. Roy said he was “very bullish” about the banking, pharmaceutical, metals and IT outsourcing sectors because of expectations for a cyclical recovery and a stabilising rupee currency.

LIC, India’s most powerful investor, is also positive on the capital goods sector, Roy told Reuters in an interview at his office in Mumbai.

Aug 5, 2014

India central bank keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – India’s central bank kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

RBI keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – The RBI kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

India cbank keeps repo rate unchanged, cuts SLR for banks

MUMBAI, Aug 5 (Reuters) – India’s central bank kept its key
policy repo rate unchanged on Tuesday as widely expected, but
warned about inflationary risks should a shortfall in monsoon
rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up
resources for banks to lend, a priority for Prime Minister
Narendra Modi’s government as it seeks to encourage investment
in order to put momentum back in sluggish economic 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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