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The Reserve Bank of India's very public and oft repeated motivation for its interventions in the foreign exchange market is to reduce 'undue volatility' in the rupee. It should probably add the internationalisation of the Indian currency as a secondary but increasingly important...
A day after India's headline inflation rate for August came in below the Reserve Bank of India's 4% target for the second consecutive month, Governor Shaktikanta Das today said the central bank still some "distance to cover" and can't "afford to" ignore prices. Speaking in...
The Securities and Exchange Board of India today passed a fresh order in the National Stock Exchange's co-location case, absolving the exchange, former managing directors Ravi Narain and Chitra Ramkrishna, and five other former officials of the charge of collusion and connivance with broker OPG...
Overall vehicle despatches to dealerships in India rose slightly over 7% on year to 2.13 mln units in August, and exports were up nearly 14% on year at 433,771 units, according to data released today by the Society of Indian Automobile Manufacturers. The overall vehicle sales volume was driven by...
State Bank of India, the country's largest lender, is likely to return to the debt market next week with a fresh batch of tier-II bonds, putting on hold its earlier plan of a tier-I bond offering, sources aware of the development said. According to merchant bankers, the bank plans to...
