Modi will also need to reconcile market demands with those from forces within his own administration
Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
RBI promises to take all necessary steps, including liquidity support
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Rajan said the central bank has used up all its "space available" to cut interest rates
A two-year extension at the helm of the RBI still looks a real possibility
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
Lenders have reported a surge in their bad loans in the six months to March after an asset quality review ordered by the central bank.
The funds, some of which have invested in the NSE for almost a decade, want the exchange to list as soon as possible so that they can exit and pay back investors in their funds
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
The draft guidelines include a move to allow large industrial companies to buy up to 10 per cent stakes in new lenders
Markets hope the Budget will steer spending towards infrastructure.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Fiscal outlook to be little bit challenging next year: CEA
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
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