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Banker’s Trust Realtime | Market and media’s Mahabharata syndrome

Banker’s Trust Realtime | Market and media’s Mahabharata syndrome

On Wednesday, India’s benchmark stock indices rose to their highest levels since January 2011 and government bond prices rose and yields dropped to their lowest in more than three years. The main trigger was the Reserve Bank of India (RBI) governor’s statement the he would consider softening inflation while deciding on policy action on 17 June, when the central bank is due to announce its mid-quarterly policy for fiscal 2014. Did governor D.

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BANKER’S TRUST REALTIME: Lower inflation will create space for RBI action

BANKER’S TRUST REALTIME: Lower inflation will create space for RBI action

Inflation based on the wholesale price index (WPI) dropped below 5% for the first time in three-and-a-half years, creating room for the Reserve Bank of India (RBI) to consider further monetary easing in June when it announces the first mid-quarter review of monetary policy this fiscal. At 4.89%, the April inflation number is at its lowest since November 2009 and about half a percentage point less than what many analysts had expected.

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Why India Post should get a banking licence

Why India Post should get a banking licence

India’s central bank is set to open doors to a set of private and state-run entities in the banking space in Asia’s third largest economy. The objective behind doing this, almost a decade after companies were last allowed to float banks, is the so-called financial inclusion or expansion of banking services in a nation of 1.2 billion people where 40% of the adult population still does not have access to banking.

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D. Subbarao | The inflation warrior

D. Subbarao | The inflation warrior

Mumbai: Hours after cutting the policy rate by a quarter percentage point to 7.25% in the annual monetary policy for fiscal 2014 on 3 May, the last of his tenure, Reserve Bank of India (RBI) governor D. Subbarao , in an interview with Mint , said: “I cannot say absolutely (there is) no space (for monetary easing in future).