Reserve Bank of India

Reserve Bank Of India News

Economic Growth May Show U.S. Consumer Spending Cooled in Second QuarterThursday, July 29, 2010 @ 11:37PMThe U.S. economy probably grew in the second quarter at about the same pace as in the prior three months, driven by a pickup in business investment as consumer spending cooled, economists said ahead of a report today.

Committee backs partial settlement of Firefly suitThursday, July 29, 2010 @ 9:28PMA Peoria County Board committee on Thursday recommended approval of a partial settlement of the Firefly Energy loan lawsuit with the bankruptcy trustee.

Shares make gains in morning tradeThursday, July 29, 2010 @ 7:40PMMainfreight paced gainers on the NZX 50 Index after the trucking firm told shareholders it lifted earnings in the first quarter.

Food inflation dips to 9.6% on cheaper cereals & veggiesThursday, July 29, 2010 @ 5:07PMFood price inflation dropped to single digit 9.67% for the first time this year, even as the government continues to face a concerted Opposition attack on rising food and fuel prices.

Aggressive policy needed: RBI officialThursday, July 29, 2010 @ 4:06PMA central bank official yesterday said current policy rates will not tame inflation and aggressive action is needed, two days after it raised rates more sharply than expected and adopted a hawkish tone.

Wall Street Sees Moderate Losses Amid Mixed IndicatorsThursday, July 29, 2010 @ 3:49PMStocks ended moderately lower on Thursday, as mixed indications from the Federal Reserve, the labor market and the earnings front prompted some selling in the equity markets. With the declines, the major averages pulled back further off their recent highs. The Dow fell by more than 30 points, adding to yesterday's nearly 40 point decline.

ADB pegs economic growth at 8.2%Thursday, July 29, 2010 @ 12:08PMThe Asian Development Bank (ADB) today said its expects the country's economy to grow by 8.2 per cent, which is less than projected by the government and the Reserve Bank of India (RBI).

Stocks Plummet After Bullard Warns Of Deflation - U.S. CommentaryThursday, July 29, 2010 @ 11:43AM(RTTNews) - Stocks have given up the remainder of some early gains and are sharply lower in early afternoon trading on Thursday, with the markets reacting to comments from St. Louis Federal Reserve Bank President James Bullard.

Good monsoon to bring down food inflation,9.67 pc a precursor?Thursday, July 29, 2010 @ 11:43AMNew Delhi, July 29 : At a time when both Houses of Parliament are being repeatedly rocked by the Opposition over the government's failure to check prices, the figure of food inflation at 9.67 per cent for the week ended July 17, a single digit number for the first time in the year, would provide some relief to the harassed UPA government.