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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI may keep repo rate unchanged in rest of FY19: report

The repo rate currently stands at 6.5 per cent.

13 Nov 2018 3:15 PM IST

Retail inflation cools to year-low of 3.31 per cent in October.

Industrial growth slips to 4-month low of 4.5 per cent in Sept

The factory output rise was 2.6 per cent in same period of the last fiscal.

13 Nov 2018 10:19 AM IST

While Indias calculations are based on dollar terms, the US calculations are based on local currency.

India's cotton subsidy crosses WTO cap, says US

US accuses India of providing a subsidy that is higher than officially reported

13 Nov 2018 1:35 AM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

Inflation slips to 1-year low, industry grows 4.5 per cent

Inflation fell to one-year low due to lower food prices. Food inflation contracted by 0.86 per cent in October.

13 Nov 2018 12:28 AM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

GST a monumental reform, hit growth only for 2 quarters: Arun Jaitley

Former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing the India's growth story.

12 Nov 2018 11:04 AM IST

RBI Governor Urjit Patel at a press conference to announce the monetary policy, at the RBI head-office in Mumbai. (Photo: PTI)

RBI vs govt: The 18 wise men tasked with supervision of the Mint...

RBI board is scheduled to meet next on Nov 19 amid an ongoing tussle with the government on multiple fronts.

12 Nov 2018 10:54 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP)

India sensitive to growth: Raghuram Rajan

Commenting on the rising Non-Performing Assets (NPA), he said the best thing to do in such a situation is to clean up .

11 Nov 2018 1:19 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP)

Notes ban, GST held back India's economic growth: Raghuram Rajan

The current seven per cent growth rate is not enough to meet the country's needs, says Rajan.

10 Nov 2018 4:44 PM IST

: Indias economic growth picked up sharply in October-December quarter (third quarter) expanding by 7.2 per cent, which indicates that economy has turnaround after demonetisation and GST.

Rs 82,775 crore GST refunds to exporters done; Rs 5,400 crore is...

The disposal rate of GST refunds is 93.8 per cent as on October 31.

10 Nov 2018 10:57 AM IST

(Representational Images)

Economists devise way to solve India's growth puzzle

Many economists find the new series puzzling as it is based on nominal indicators.

10 Nov 2018 12:46 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Not seeking massive reserve transfer from RBI, in talks for 'capital...

Government has actually foregone (Rs) 70,000 crore of budgeted market borrowing this year.

9 Nov 2018 6:05 PM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

India October inflation likely hit 12-month low, below RBI target:...

Consumer price inflation likely slowed to 3.67 pc in Oct from 3.77 pc, according to the poll of 35 economists.

9 Nov 2018 11:45 AM IST