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Finance minister Arun JaitleyBusiness
Some more steps likely to narrow current account deficit, says Jaitley

Govt cut borrowing target for current fiscal by Rs 70,000 cr and allowed oil cos to raise USD 10 bn in 1 year.

6 Oct 2018 11:16 AM IST

Steep fall in rupee hurting exportsBusiness
Steep fall in rupee hurting exports

Mr Gupta said that extreme volatility in currencies should be stemmed to help the economy including exports.

6 Oct 2018 1:59 AM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.Business
Rupee at 74 to a dollar is still better than its EM peers: Urjit Patel

Rupee has depreciated in nominal effective terms by 5.6 per cent since the end of March, says Patel.

5 Oct 2018 6:02 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
Fiscal slippages to have adverse bearing on inflation, markets: RBI

Arun Jaitley assured that the government will stick to the fiscal deficit target.

5 Oct 2018 5:21 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
RBI maintains status quo; warns volatile oil prices pose risk to...

MPC said that the recent excise duty cuts on petrol and diesel will moderate retail inflation.

5 Oct 2018 4:30 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)Business
RBI lowers retail inflation projection to 3.9-4.5 pc for second half...

Inflation is projected at 4 pc in second quarter (July-Sept) 2018-19, 3.9-4.5 pc in H2 (Oct-Mar) and 4.8 pc in...

5 Oct 2018 3:43 PM IST

RBI Governor Urjit Patel. (Photo: PTI)Business
Reserve Bank of India keeps key policy rate unchanged at 6.50 per cent

RBI in its monetary policy meet in August had decided to hike the key interest rates from 6.25 pc to 6.50 pc.

5 Oct 2018 2:42 PM IST

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.Business
RBI seen raising rates again as rupee slide accelerates

A rate hike should make domestic yields on debt more attractive for foreign investors.

5 Oct 2018 10:39 AM IST

ICICI Bank Managing Director Chanda KochharBusiness
Chanda Kochhar's Icarus moment

Before Miss Kochhar elevation, she was a key member of the bank overseeing retail business and consolidated bank...

5 Oct 2018 1:41 AM IST

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)Business
Rupee crashes to all-time low of 73.81 on capital outflows, rising oil...

The rupee has lost 110 paise or 1.51 per cent in the three sessions since Monday.

4 Oct 2018 7:42 PM IST

Finance Minister Arun JaitleyBusiness
Govt determined to contain IL&FS crisis to avoid any adverse impact:...

The government earlier this week superseded the board of IL&FS.

4 Oct 2018 7:10 PM IST

Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley with M D & CEO, ICICI Bank Chanda Kochhar during the launch of the 100 ICICI Digital Villages (Photo: PTI)Business
Chanda Kochhar: The fall of a feisty woman who broke the glass ceiling

She joined ICICI as a management trainee in 1984 and rose to play an important part in its transformation.

4 Oct 2018 7:02 PM IST

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