'We hiked repo rate as inflation pressures remain high'

September 20, 2013 12:32

More from RBI governor Raghuram Rajan at the press conference: "We hiked repo rate as inflation pressures remain high. Banks raised USD 1.4 billion in four days on the back of recent RBI measures and further reduction in CRR is not contemplated. Central bank does worry about growth; intent of policy today is to say cost of funding is too high." says Rajan.

« Back to LIVE

TOP STORIES

Phase 4: 76% polling in Bengal, Srinagar records highest turnout in decades

A voter turnout of over 40 per cent was recorded till 1 pm on Monday in the fourth phase of Lok Sabha elections in 96 constituencies spread over 10 states and Union Territories amid incidents of violence in Andhra Pradesh and reports of...

4 killed in Mumbai hoarding collapse, 65 injured

Personnel of the fire brigade and police rushed to the spot and launched a rescue operation, he said.

England's IPL exodus: Livingstone, Buttler leave for T20 WC

PBKS' Livingstone returns to England to address knee niggle ahead of T20 WC

Rains, gusty winds cause chaos in Mumbai; flights, trains, metro hit

Owing the sudden rains, Mumbai's Chhatrapati Shivaji international airport too announced a temporary suspension of flights. While incoming flights have been diverted to other destinations like Goa and Ahmedabad, outgoing flights have...

'Focus on Test cricket, not T20 leagues'

Vengsarkar urges young players to target playing Test cricket