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India's fiscal deficit on track, but spending challenges persist, govt. ha
Updated : 1 year, 3 months ago IST
The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India.
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FM Nirmala Sitharaman to move Banking Laws (Amendment) Bill in Lok Sabha t
Updated : 1 year, 3 months ago IST
As per the schedule issued by the secretariat, Sitharaman is expected to move the Bill further to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and
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India's foreign exchange reserves decline for eighth consecutive week
Updated : 1 year, 3 months ago IST
India's foreign exchange (forex) reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed.
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RBI to keep repo rate unchanged at meeting next week, chances of rate cut
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
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India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP gro
Updated : 1 year, 3 months ago IST
India's GDP is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).
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SBI Funds Management Limited appoints Nand Kishore as Managing Director an
Updated : 1 year, 3 months ago IST
SBI Funds Management Limited, a joint venture between State Bank of India and Amundi, Europe's largest asset manager, on Wednesday announced the appointment of Nand Kishore as Managing Director and Chief Executive Officer, a release stated.
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Rate cuts likely to boost home affordability over next 12 months: JLL
Updated : 1 year, 3 months ago IST
India's residential real estate market could see increase in affordability shift, driven by anticipated interest rate cuts by the Reserve Bank of India (RBI), a report by JLL said.
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RBI Governor Shaktikanta Das discharged from hospital
Updated : 1 year, 3 months ago IST
Reserve Bank of India Governor Shaktikanta Das has been discharged from the hospital and is doing fine now, an RBI spokesperson told the media.
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Stocks in India may react to Assembly polls outcome, fund flows for fresh
Updated : 1 year, 4 months ago IST
The Indian stock markets will react to the recently announced election outcomes of the states and domestic macroeconomic data, Foreign Institutional fund flows, and Monetory policy review meeting of Reserve Bank of India's (RBI) in the first week of December, according to the market analyst
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India's forex reserves decline for 7th straight week touching over 4-month
Updated : 1 year, 4 months ago IST
India's foreign exchange (forex) reserves dropped for a seventh consecutive week to hit an over four-month low of USD 657.892 billion in the week that ended on November 15, data from the Reserve Bank of India (RBI) showed.
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Optimal communication is gold standard for all central bankers says RBI de
Updated : 1 year, 4 months ago IST
Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.
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RBI inks treaty for cross border transactions with Maldives to promote use
Updated : 1 year, 4 months ago IST
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) in Mumbai to establish a framework to promote the use of their respective local currencies, the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR).
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