RBI

The Reserve Bank of India (RBI) has asked banks to reduce their exposure to non-banking financial companies (NBFCs), which have given loans mostly against gold, sending shares of such companies sharply lower.

The Reserve Bank of India (RBI) surprised markets with a 50 basis point cut in the main interest rate, the first policy easing in three years, as focus turned to lifting lending controls and tackling a slowdown in the economy.

Asian stock markets ended lower Monday as surge in Spain's borrowing costs renewed concern over the eurozone debt crisis.

The Reserve Bank of India (RBI) is expected to ease rates when it announces the annual credit policy on Tuesday, in order to lift constraints on lending and in a response to the continued shortage of liquidity in the banking sector faced with a slow moving economy.

(Reuters) - Asia's manufacturers stepped up the pace in March to fill an influx of new orders as Europe's debt crisis subsided and U.S. growth picked up, dispelling some of the gloom that had shrouded the global economy.

The upcoming baseball season will be the last for Atlanta Braves third baseman Chipper Jones after the club announced his retirement at the end of the 2012 season.

Following the Reserve Bank of India (RBI) leaving its repo rate unchanged at Thursday’s meeting and given that measures of activity have picked up recently and inflation is set to fall only gradually in the coming months, the forecast for rate cuts have been reduced to 100 basis points this year according to Capital Economics.

India's industrial output in January grew 6.8 percent from a year earlier, which is the fastest it has seen for the last seven months, according to a statement from the Central Statistical Office.

The Reserve Bank of India (RBI) made the decision on Friday to cut its cash reserve ratio (CRR) by 75 basis points in a response to continued shortage of liquidity in the banking sector.

India's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. GDP rose 6.1 percent in October to December compared with a year earlier, a lower-than-expected increase, figures from the statistics office showed.

A majority of external members of the Reserve Bank of India's advisory panel on monetary policy had suggested a cut in the repo rate at the January monetary policy review, minutes released by the central bank showed.

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India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, sparking hopes that the RBI will start cutting interest rates sooner rather than later to battle the country's economic slowdown.

The rupee fell on Thursday, weighed by dollar purchases by some state-owned banks, negative local equities and caution over prolonged Greek bailout discussions.

The rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery.

Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.

Manappuram Finance Ltd (MNFL.NS), which provides loans using gold as collateral, said on Tuesday its board will meet on February 10 to discuss a Reserve Bank of India (RBI) notice that prohibited it from accepting or renewing deposits from the public.

The Indian economy is estimated to grow 6.9 percent this fiscal year, its slowest pace in three years, the government said, as tight monetary policy and a logjam in government policy making coupled with weak global conditions stifles investment.

The nation's capital has been a leader when it comes to real estate. While much of the country's housing market continues to languish, Washington D.C. and the surrounding area have seen tight inventory and price growth in recent months.

The rupee hit a three-month high on Thursday, encouraged by gains in domestic equities, and after manufacturing data in China and Germany boosted investor appetite in high-yielding emerging market assets.

India, the world's fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran despite U.S. and European sanctions against Tehran, finance minister Pranab Mukherjee said on Sunday during a visit to Chicago.