News: Indian business sentiment fell close to the lows of 2014 in August, a Deutsche Boerse survey said adding there is “strong possibility” that the RBI will go for a rate cut before the September 29 policy meet. As per the report, Indian businesses were less confident about the business environment in ...
Read More »Power to decide on rates should remain with RBI governor: C Rangarajan
News: The government issued a revised draft of the Indian Financial Code (IFC) to propose a monetary policy committee headed by RBI ‘chairperson’ to decide on key interest rates by a majority vote. The draft has sought to take away the veto power of the RBI governor while taking rate-related ...
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