LIVE MARKET TRACKER :   BSE SENSEX   31138.21      |    NSE NIFTY 9574.95    
GLOBAL MARKETS :  NASDAQ 6265.2495   +0.4580%    |    FSI London 7424.13   -0.20%    |    NIKKEI Japan 20132.67   +0.11%
  USD GBP EUR CAD AUD INR
USD - 0.7870 0.8937 1.3277 1.3181 64.5290
GBP 1.2719 - 1.1368 1.6883 1.6757 82.0797
EUR 1.1189 0.8801 - 1.4801 1.4736 72.1941
CAD 0.7552 0.5936 0.6749 - 0.9949 48.6810
AUD 0.7575 0.5973 0.6786 1.0066 - 48.9610
INR 0.0155 0.0122 0.0139 0.0206 0.0205 -
Indian-Commodity  :  Economy  :  Low interest rates globally could distort markets: Raghuram Rajan

Low interest rates globally could distort markets: Raghuram Rajan (06-Sep-2016)

Raghuram Rajan, after stepping down as the Governor of the Reserve Bank of India has warned that 'low interest rates globally could distort markets and would be difficult to abandon'. He said that low interest rates should not be a substitute for “other instruments of policy” and 'various kinds of reforms' that are needed to encourage growth.

Rajan further stated that countries around the world, including the United States and Europe, have kept interest rates low as a way to encourage growth. But countries could become “trapped” by fear that when they eventually raised rates, they 'would see growth slowdown.

His views hold importance as the world's central banks appear to be at a loss about how to get global growth moving again and there are numbers of voices saying that low rates are not doing the job and that governments must take other, more politically difficult steps to reinvigorate growth.

Talking about India, Rajan said his tight monetary policy had helped bring India's rate of inflation - currently about 6 percent - down to the upper end of the government's target range and expressed hope that his successor will finish the process of cleaning bank balance sheets.


Top News Today
Bharti Airtel launches Digital Care in Hindi and 10 regional languages
(23-Jun-2017)

Bharti Airtel launches Digital Care in Hindi and 10 regional languagesBharti Airtel (Airtel) has launched *121# Digital Care platform in Hindi and 10 more regional languages - Punjabi, Marathi, Gujarati, Tamil, Telugu, Malayalam, Kannada, Bangla, Oriya and Assamese. This......click on news to read complete article.

Kotak Bank's arm aims Rs 200 crore total premia in FY18
(23-Jun-2017)

Kotak BankKotak Mahindra General Insurance, a subsidiary of Kotak Mahindra Bank, is looking at achieving Rs 200 crore in total premia by the end of FY18. The private sector general insurer is also targeting a three-fold......click on news to read complete article.

Pincon Spirit to set up PET manufacturing plant at Asansol
(23-Jun-2017)

Pincon Spirit to set up PET manufacturing plant at AsansolPincon Spirit has received its board's approval to set up Rice Bran Oil Refinery & Solvent Extract Automated Plant at Dankuni Industrial Area in West Bengal at a tentative cost of Rs 30.00 crore.......click on news to read complete article.

International Stock News
US markets closed mostly lower on Thursday
(23-Jun-2017)

US markets closed mostly lower on ThursdayThe US markets closed mostly lower on Thursday, as weak financials and consumer staples shares eclipsed a rally in the health-care and biotechnology sectors. The Federal Reserve said that the 34 largest......click on news to read complete article.

US markets closed mostly lower; Nasdaq post moderate gains
(22-Jun-2017)

US markets closed mostly lower; Nasdaq post moderate gainsThe US markets closed lower on Wednesday, weighed down by losses in the energy sector as oil prices continued to slide. But the Nasdaq Composite posted moderate gains, thanks to a surge in biotechnology......click on news to read complete article.

US markets closed lower as oil enters bear-market
(21-Jun-2017)

US markets closed lower as oil enters bear-marketThe US markets closed lower on Tuesday, as investors dumped energy shares after crude-oil prices slipped into bear-market. Crude oil prices sank to a 10-month low on ongoing worries about a supply glut......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.