Search Results for: RBI Governor Shaktikanta Das

A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months. May 17, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
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Prepared for volatility after record surge in markets: RBI Chief

New Delhi, May 14 (ANI): Indian markets are so confident the BJP led by Narendra Modi will win the country's elections that brokers fear anything short of a decisive victory could spark the worst sell-off in years. Reacting over this, RBI governor Raghuram Rajan said that measures are in place to check any kind of volatility in the markets in next few days. Rajan said this after meeting Finance Minister P Chidambaram, who asked regulators to remain alert and take necessary actions to curb excessive volatility. Exit polls for the world's biggest election indicate that voters have turfed out the coalition government led by the Congress party, which has presided over a slump in economic growth and been troubled by a string of corruption scandals. May 14, 2014
Mothers of the Nigerian girls kidnapped by Boko Haram protest.

Boko Haram Offers to Swap Kidnapped Nigerian Girls for Prisoners

The leader of the Nigerian Islamist rebel group Boko Haram has offered to release more than 200 schoolgirls abducted by his fighters last month in exchange for its members being held in detention, according to a video posted on YouTube on Monday. May 13, 2014
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RBI Chief Stresses his Independence from Government

The head of the Reserve Bank of India (RBI) said on Friday that he - and not the government - was responsible for setting monetary policy, asserting his independence in taking a hawkish stance on inflation amid an election hinging on how to revive economic growth. May 10, 2014
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