Archive for September 17th, 2012

Central Bank Watch

Reserve Bank of India: Balancing Priorities

September 17, 2012

After a mid-quarter policy review, monetary officials in India cut the RBI’s cash reserve requirement to 4.75% from 5.0% but left its key 8.0% repo rate for borrowing and 7% reverse repo rate for deposit-taking unchanged.  A statement released by the central bank predicts greater “pressures on liquidity over the next few weeks,” notes moves […] More

New Overnight Developments Abroad - Daily Update

Quiet Monday, Steady Dollar

September 17, 2012

The dollar is unchanged on net from Friday closing levels against the yen, loonie, Swiss franc and kiwi.  The greenback has risen 0.2% against the Aussie dollar and 0.1% versus the yuan and euro, but it is 0.1% softer relative to sterling. Chinese equities slumped 2.5% on concern over limited scope for monetary policy to […] More