The Reserve Bank released the document “Macroeconomic and Monetary Developments: First Quarter Review 2008-09†to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-09.

*Real gross domestic product (GDP) growth for 2006-07 was placed at 9.2 percent in the advance estimates of the Central Statistical Organisation (CSO) released in February 2007, over and above 9.0 per cent in 2005-06. *Industrial activity expanded strongly, with real GDP originating in industry...

The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabilities vis-àvis foreign exchange reserves, prepayment/repayment of external debt, Financial...

RBI seeks comments from the public for this paper. Comments may be sent to the Chief General Manager-in-Charge, Department of Banking Operations and Development, Reserve Bank of India, Central Office, Shahid Bhagat Singh Marg, Mumbai - 400 001 or may be emailed through RBI website:...

The Reserve Bank had constituted an internal working group to review the existing access criteria and suggest changes that may be adopted for access to Payment and Settlement Systems. The Group has proposed specific eligibility criteria for membership to different Payment Systems. The underlying...

The robust performance of the Indian economy continued during the second quarter (July-September) of 2005-06. According to the Central Statistical Organisation (CSO), the economy recorded a real GDP growth of 8.0 per cent in the second quarter of 2005-06 maintaining the momentum of growth in the...

* Repo Rate increased to 7.25 per cent from 7.0 per cent. * The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholly or partially is retained. * Reverse Repo Rate, Bank Rate and CRR kept unchanged. * GDP growth forecast...

Annual report of RBI for the year 2006-07

This technical paper sets out the benefits and downsides of issuing IIBs along with explaining its structure comprising of indexation (principal or interest), inflation index lag, issuance method, methodology to compute settlement price, tenure, etc.

This discussion paper on the form of presence of foreign banks in India has been prepared taking into account, inter-alia, the lessons learnt from the recent global financial crisis and the practices followed in other countries. Based on the feedback received on the approach outlined in the...