India’s central bank board will meet today with new worries emerging about the institution’s independence.
India needs a much greater focus on macroeconomic stability than some of its Asian peers, report says.
In the end, India’s vanquished central banker left with scarcely a whimper.
Having shunned the spotlight for most of his time as RBI governor, Urjit Patel is now being hailed as a martyr in the press.
There’s no obvious successor yet, and investors are naturally anxious about who will take the helm.
Fitch Ratings lowered its 2018 growth forecast for Asia’s third-largest economy to 7.2 percent.
India’s economy grew at a much slower pace than expected last quarter, giving RBI more reason to maintain status quo this week.
India's World-Beating Economic Growth Cools as Cash Crunch Hurts
Members, including government nominees, will press for some weak banks to be removed from so-called prompt corrective action list.
Gurumurthy has argued the case for lower reserves -- a step that would give the government more cash ahead of an election year.
Central bank may be open to easing tight money conditions by injecting cash through open market purchases of bonds.
India Inflation Eases More Than Estimated Before Rate Review
The government’s demand is expected to further fuel tensions with the RBI.
The world’s fastest-growing economy is also one of the most difficult to decipher.
“Patel is a self-respecting scholar of economics (Ph.D in Banking from Yale),” Swamy tweeted. “He should be persuaded to stay.”
The Indian rupee slid on speculation that the rift between the government and central bank is widening.
Government wants RBI to ensure liquidity amid growth risks.
The world’s largest healthcare program in India is running up against a challenge.
Amnesty India Decries Crackdown on Dissent as Offices Raided
A low inflation spell in an election year should be good news for any government, right? Wrong.
Will take appropriate legal action against the allegations, Akbar says in a Twitter post.