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Gurumurthy said that another fiscal package could be unveiled towards the end of the second quarter.

Bond holdings as a proportion of deposits stood at about 29% in the two weeks ended Dec. 2

The interim budget in February had pegged fiscal deficit target at 3.4 percent.

On a weekly basis, the Indian currency has gained 61 paise.

Market players would be heading back to the drawing boards to re-work the budget math.

The calibrated reduction in SLR will continue till it reaches 18%. The current SLR is 19.5%.

Gurumurthy told ET “Acharya going public on issues not discussed in or disclosed to the board which met just two days earlier”.

Hit by month-end dollar demand from importers, the domestic currency had fallen by 18 paise against the greenback to settle at 66.16 on Thu...

Gurumurthy expects the average inflation for FY16 to be well within RBI’s expected trajectory.

The 144 Reg(s) status allows the bond to be sold to qualified institutional buyers in the US without the need to register the issue with th...

Astrong deposit growth may encourage banks to lower deposit rates and may, subsequently, lead to lower lending rates, too. High inflation, ...