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October 29, 2013

RBI hikes repo rate by 25 bps, cuts MSF by 25 bps; loans to get costlier

Inflation worries on Tuesday forced the Reserve Bank of India (RBI)to continue its firm stance and hike the short-term lending (repo) rate by 0.25 per cent, a step that will make corporate and consumer loans more expensive.

July 31, 2013

RBI not in favour of sovereign bond

The current account deficit has been above sustainable levels for the last three years. The rupee should have depreciated because of high CAD. In other words, depreciation was programmed into the rupee, said RBI governor D Subbarao.

July 30, 2013

RBI cuts growth forecast, keeps key interest rates unchanged

The recent liquidity tightening measures will be rolled back in a calibrated manner as stability is restored to the foreign exchange market," the RBI said today.

July 18, 2013

RBI creates Rs 25k cr repo window for mutual funds

This is being done to manage the heavy redemptions that are expected due to sudden losses in debt funds following the tightening of liquidity and the hike in overnight lending rates.

July 16, 2013

22 banks fined Rs 50cr for know your customer violations

The Reserve Bank of India on Monday imposed a fine of Rs 49.5 crore on 22 banks following investigations into allegations of money laundering levelled against them by a web portal, which had conducted a sting operation on their branches.