RBI's monetary policy review News

RBI Governor Urjit Patel had argued for avoiding premature policy action citing "high uncertainty" on inflation outlook while voting for status quo on interest rates at the monetary policy review earlier this month.

The NSE Nifty after shuttling between 8,294.95 and 8,216.40 ended at 8,266.45, up 65.40 points, or 0.80 percent.

Reserve Bank Governor Raghuram Rajan on Thursday met Finance Minister Arun Jaitley and discussed macroeconomic issues.

Disappointed by RBI's decision to keep interest rates unchanged, India Inc on Tuesday said there is a need to cut the rates by 75 basis points in remaining months of 2015 and hoped for monetary easing after Union Budget.

Realtors' apex body CREDAI on Tuesday expressed disappointment at the RBI's decision to keep the key policy rates unchanged, saying the country cannot afford any more delay in pushing the economic growth.

Strongly defending RBI's decision to hold the key rates in the absence of any new data points, Governor Raghuram Rajan on Tuesday said further rate reductions will depend on the quality of fiscal consolidation and how it aides the disinflationary process.

It was his birthday on Tuesday, but there was no party in store for the markets when RBI Governor Raghuram Rajan announced a status-quo on interest rates.

Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank warned Tuesday.

After trading in the positive territory in early trade, the benchmark BSE Sensex slumped by 221 points after the RBI kept the interest rate unchanged.