BofA Merrill Lynch said that the RBI Act permits transfer of past excess reserves.

They opined the high non-performing loans in the system do not require additional capital to be kept aside by the Reserve Bank.

Gupta sees inflation reaching 3.3 per cent in May -- well within the RBI’s target range.

Transfer of excess RBI capital to the government will not impact liquidity if it is used for bank recapitalisatiin, the firm said in a repo...

BofAML’s note comes as the panel led by former RBI Governor Bimal Jalan prepares to submit its report in the coming weeks.

From a record $426 billion in mid-April, reserves have fallen by $32 billion till October.

Markets are pricing in at least 50 basis points of rate increases in the coming 12 months.

Oil strategists from BofA have raised their Brent crude forecasts to $71.8 per barrel in FY19.

The country’s foreign exchange reserves now stand at $354.5 billion, making India one of the top nine holders of forex reserves in the worl...

The new GDP series has captured the changing structure of the Indian economy. "The share of manufacturing has increased to 15.8% from 11.9%...

We think that we are on a slow recovery to 6% level growth next year -- 6.3 is our number.

"IIP number had a boost because of base effects in the last few months. But that has now gone. So, they have gone back to their usual range...

"We believe that the economy will do a 4.5-5 per cent kind of growth till the June quarter and then ratchet up to 5-5.5 per cent in the nex...

Bank of America Merrill Lynch feels that it is critical to mobilize lumpy capital inflows to augment RBI's armory.

The rupee vs dollar exchange rate stalemate is likely to continue till the RBI rebuilds its foreign exchange reserves, says a report.

DSP Merrill Lynch has appointed Indranil Sen Gupta as chief India economist.

Investment banking and broking firm DSP Merrill Lynch today appointed Indranil Sen Gupta as Chief Economist.