subbarao

The Reserve Bank of India has scope to cut interest rates during this calendar year, Governor Duvvuri Subbarao said in a news conference after the central bank's policy review , though he declined to elaborate further. Subbarao said fiscal measures from the government would not necessarily...

The Reserve Bank of India chief Duvvuri Subbarao will be offered a 2-year extension to his term, a government source told Reuters on Tuesday. Subbarao's 3-year term was due to end in September.

Subbarao recently said during an international conference that Forex intervention incurs huge cost so we should make sure that we are ready for the costs that are associated with forex intervention. He further added that sterlizing ( controlling the liquidity arising from the FDI) the liquidity...