India must focus on protecting economy not on what rating agencies think: Rajan

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy

RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

The office market, on the other hand, has shown nearly 98-99 per cent rent collection and low relevant micromarket vacancies

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

Terming it the most critical step, Parekh also made a strong pitch for a one-time restructuring to avoid a surge in non-performing assets

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers

He said one positive factor for Indian economy is that the agriculture sector is doing well

Housing sales in Chennai and Hyderabad plunged 74 per cent at 996 units and 1,522 units, respectively