Rbi Governor Duvvuri Subbarao

"Both Chidambaram and Pranab Mukherjee were piqued by the Reserve Bank's tight interest rate policy on the ground that high interest rates were inhibiting investment and hurting growth," writes Subbarao, who manned the Mint Road during the global financial crisis and had a five-year tenure from September 5, 2008 to September 4, 2013.

Rupee slides again as fears grow for slowing economy

Weak economic growth, a record high current account deficit and concerns about the government's finances are proving a toxic mix for the rupee, which hit a record low of 68.85 on Wednesday after falling around 20 percent since May.

Continued weakness in rupee: Mecklai Graph

Mecklai graph of the day: The rupee has been spiraling down since recent past and a pause to this cannot be predicted. Dollar has not managed to surge as much internationally to validate such a heavy depreciation in the INR.

Three analysts see no RBI rate cut on Tuesday

Just three analysts expect the RBI to hold interest rates steady at its policy review on Tuesday, going against the overwhelming consensus for a 25 bps cut reflected in a poll in mid-January.

RBI surprises with 50 bps rate cut

The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts.

Rupee slide pushes up import costs: RBI

The rupee has depreciated 'quite significantly' in the last one month and this has pushed up import costs, RBI Governor Duvvuri Subbarao said on Thursday.

India's food inflation at 8.04% y/y as at July 23: Govt

India's food price index rose 8.04% and the fuel price index climbed 12.12% in the year to July 23, government data on Thursday showed.