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Success of RBI’s rare $5 billion forex swap today expected to prompt an encore

In an unusual move, RBI will buy dollars from banks for three years & offer them rupees in return.
RBI logo displayed on a gate at the central bank's headquarters in New Delhi | Bloomberg/Bloomberg

RBI delays implementing new accounting rules, preventing pile-up of bad bank loans

The new rules were supposed to kick in at the start of the new fiscal, after being delayed last year.
The Bombay Stock Exchange

Markets reverse early gains after an 8-day winning run

The S&P BSE Sensex fell 0.6% to 38,164.61 at the close in Mumbai, its steepest decline since 26 February.
Bank notes | Getty Images

Top bond holders are trading central govt bonds for state govt debt

Lenders are earning extra returns of 100 basis points as some state govts are borrowing funds at as high as 8.4%.
RBI Governor Shaktikanta Das

RBI’s new boss Shaktikanta Das is stuck between a rock and a hard place

If the RBI keeps buying government bonds, it surrenders its power to teach the government a lesson in fiscal arithmetic.
Latest news on Shah Faisel | ThePrint.in

Former IAS officer Shah Faesal to launch political party on Sunday

Shah Faesal, who resigned from the IAS in January, will launch his political outfit 'Jammu and Kashmir People's Movement' in Srinagar on Sunday. 
PM Modi

Elections won’t stop economic reforms, says CEA K. Subramanian

Investors needn't worry about policy continuity because whichever party comes to power will have to continue economic reforms, Subramanian says.

Rupee’s advance seems to be causing some discomfort for RBI

The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.
Bimal Jalan

Low inflation gives RBI room to support economy, says former governor Bimal Jalan

Jalan says RBI should decide how much it can do to facilitate credit flow & investment in the economy, given global risks & elections at home.

Focus shifts to April rate cut as inflation quickens

Retail inflation rose to a four-month high of 2.57% in February, but stayed benign leading to calls for the RBI for lower interest rates.

On Camera

File photo of Narendra Modi at the Dhola Sadia Bridge, across River Brahmaputra, in Assam | PIB

Under Modi government, the PMGSY road scheme is connecting every last Indian

Beneficiaries of the programme from Manipur, Meghalaya and Odisha talk about how their lives were transformed thanks to the newly built roads.

Rahul Gandhi’s Rs 72,000 income pledge: Are populist freebies the only way to win elections?

Congress president Rahul Gandhi Monday pledged to give Rs 12,000 per month to every family in India if the Congress is voted to power in the 2019 elections.


A Chinook helicopter

India inducts Chinook helicopters, adds muscle to military along China border

Each Chinook helicopter can lift 45 soldiers, artillery guns or even light armoured vehicles to high altitudes. It can also fly through narrow mountain valleys.
National Interest

Why Rahul Gandhi’s Congress is in danger of morphing into a clueless NGO

Congress has questions but no answers, ‘leaders’ but no winners. Weeks before polls, it’s behaving like a virtuous, anti-establishment NGO just doing its thing.