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Rupee hits 1-1/2-month high; RBI liquidity stance eyed

3:09am EST

MUMBAI The Indian rupee strengthened on Tuesday to its highest level in 1-1/2 months, boosted by foreign fund inflows to equities, though traders remain wary of central bank intervention to prevent a sharp rally in the currency.

RBI seen holding rates; liquidity stance watched

1:19am EST

MUMBAI The Reserve Bank of India monetary policy committee is expected to leave interest rates unchanged when it meets on Friday, after data showing the economy contracting less than expected and persistently high inflation.

UPDATE 1-Sri Lanka cenbank stands pat on rates, to set lending targets

Nov 25 2020

MUMBAI, Nov 26 Sri Lanka's central bank kept its key interest rates unchanged on Thursday, but said it would introduce lending targets for certain sectors "in the near future", as it stressed upon the need for lower lending rates to boost economic growth.

RPT-India rate cuts bets fall as recovery gains hold, inflation stays high

Nov 15 2020

MUMBAI, Nov 15 Negative real rates in India and recovering growth alongside high inflation suggest its central bank has little room for more monetary stimulus, but policy is likely to stay accommodative, economists and analysts said.

India rate cuts bets fall as recovery gains hold, inflation stays high

Nov 15 2020

MUMBAI Negative real rates in India and recovering growth alongside high inflation suggest its central bank has little room for more monetary stimulus, but policy is likely to stay accommodative, economists and analysts said.

Indian government's latest stimulus to boost jobs, credit, farm sector

Nov 12 2020

NEW DELHI The Indian government announced a fresh stimulus of $16.1 billion on Thursday to be spent largely on creating jobs and boosting the nascent recovery visible in various sectors even as it tries to keep a lid on the ballooning fiscal deficit.

Delhi suffers from "severe" air pollution for third straight day

Nov 07 2020

MUMBAI Air quality in India's capital New Delhi remained in the "severe" category for a third straight day on Saturday due to increased stubble fires and vehicle emissions, the country's main environment monitoring agency said.

Exclusive: India central bank exploring investment options for reserves, sources say

Nov 03 2020

NEW DELHI/MUMBAI The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic, according to two government sources aware of the development.

Exclusive: RBI exploring investment options for reserves, sources say

Nov 03 2020

NEW DELHI/MUMBAI The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic, according to two government sources aware of the development.

India rate setters to keep policy accommodative, but wary of inflation

Oct 23 2020

MUMBAI A second wave of COVID-19 remains a threat to the Indian economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee's latest meeting, released on Friday.

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