Articles
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Legal barriers delay RBI norms on foreign banks
Final guidelines will be issued once that has been resolved, Governor Duvvuri Subbarao said at a banking conference in Mumbai. #Business #RBI #Duvvuri Subbarao #PolicyWatch #Foreign Banks
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Why RBI might reward Chidu and cut rates next week
The RBI has been growing in confidence that the government, gripped by inertia for much of last year, is finally doing its bit to lift an economy that has slumped to its slowest pace of growth in a decade. #P. Chidambaram #RBI #Duvvuri Subbarao #Rate cut
Blog posts
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Why Subbarao told the finmin to take a walk
The latest policy is the clearest signal yet from the RBI that rates can't fall further without a lot of effort from the finance ministry #Pranab Mukherjee #Duvvuri Subbarao #PolicyWatch #MonetaryPolicy
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Dr Subbarao, easy money isn't the answer. Stand firm
The nature of banking usually ends up increasing money supply, but the devil here is deficit financing of the government by the Reserve Bank. Unless the Reserve Bank can say no to the government, it will be difficult to control money supply. #Inflation #RBI #Duvvuri Subbarao #Chart View #Money supply
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Subbarao's subtext: Govt is the real threat to economy
Government deficits are the ever-present threats to growth. This is the underlying message in the third quarter monetary policy review #Inflation #RBI #Duvvuri Subbarao #fiscal deficit #Monetary Policy Q3
Wire
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Calcutta TelegraphStatus-quo on rates
Mumbai, June 17: The Reserve Bank of India (RBI) today hit the pause button on interest rates, worried over inflationary pressures emanating from high food prices and a depreciating rupee. In its mid-quarter review of monetary policy, India’s central ban #India #Mumbai #Duvvuri Subbarao
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Economic TimesRupee’s fall, turn in global liquidity may force RBI to hold rates
MUMBAI: So near yet so far. That's how the markets feel on interest rate cuts by the RBI. Two weeks ago a 25 basis points cut in the repo rate, the rate at which the RBI lends to banks, seemed to be a certainty, but now it seems a remote possibility. A b #Bank of America #Federal Reserve #India
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Economic TimesFSDC must limit itself to coordination: Subbarao
MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao spoke straight from the shoulder against a bigger role for the government in financial stability and regulation when world over lawmakers are empowering regulators with more autonomy. Rubbishing the #Duvvuri Subbarao #India #Pranab Mukherjee