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RBI hikes repo rate by 50 bps to fight high inflation, tightening policies
Updated : 3 years, 9 months ago IST
Mumbai [India], September 30 (ANI): Reserve Bank of India's Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 per cent. Explaining the rationale behind the policy, the governor said the bleak global economic outlook, persisting inflati
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RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at
Updated : 3 years, 9 months ago IST
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read More
Indian markets open in negative territory during morning trade
Updated : 3 years, 9 months ago IST
Mumbai [India], September 30 (ANI): Indian markets on Friday were volatile and in negative territory during the morning trade. At 9.25 IST, the 30-share Sensex fell 0.33 per cent to 56,224 while Nifty was down 0.31 per cent to 16,786, as market participants track global cues and wait for RBI
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India's current account deficit widens to 2.8 per cent of GDP in April-Jun
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI): India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data r
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Better for RBI to allow rupee to depreciate a bit, finding its natural bal
Updated : 3 years, 9 months ago IST
New Delhi [India], September 28 (ANI): It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.
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Three-day RBI monetary policy meet starts today; another repo rate hike li
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today.
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Why should Indians invest in the Dubai real estate market?
Updated : 3 years, 9 months ago IST
New Delhi [India], September 27 (ANI/NewsVoir): Dubai has been the destination of choice for Indian investors for quite many years. Since 2004, Indians have been among the Top 3 nationalities to buy properties in Dubai, having purchased real estate worth AED 83.62 billion in the last five ye
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RBI imposes monetary penalty on Hissar Urban Cooperative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 3 lakh on Hissar Urban Cooperative Bank Ltd for violation of banking norms.
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RBI imposes monetary penalty on Andaman & Nicobar State Co-operative B
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 5 lakh on Andaman and Nicobar State Co-operative Bank Ltd for non-compliance with certain provisions of the banking laws.
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RBI imposes monetary penalty on Varachha Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors.
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India's forex reserves hit near 2-year low
Updated : 3 years, 9 months ago IST
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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