Singapore, Apr 10 (ANI): Fitch Solutions has revised its forecast for the Reserve Bank of India (RBI) to keep its policy repurchase (repo) rate on hold at 4 per cent over the course of FY22 (April 2021 to March 2022) from its prior view for a 25 basis points cut to 3.75 per cent.
Mumbai (Maharashtra) [India], April 7 (ANI): The Reserve Bank of India (RBI) on Wednesday kept key interest rates on hold and maintained an accommodative policy stance to nurture a fragile economic recovery amid a sharp new wave of Covid-19 cases.
Singapore, March 18 (ANI): Fitch Solutions on Thursday revised its forecast for Indian rupee to average Rs 73.50 per US dollar in 2021, slightly stronger from Rs 75.50 per US dollar previously, which reflects its view for the rupee to mostly trade sideways over the course of year.
Melbourne [Australia], March 11 (ANI): While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent a debt crisis any time soon, S&P Global Ratings said on Thursday.
Paris [France], March 10 (ANI): The Organisation for Economic Cooperation and Development (OECD) sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022.
New Delhi [India], February 26 (ANI): The pace of underlying growth in Indian economy remains subdued and does not foresee a sharp ramp up in pace of GDP expansion in Q4 FY21, according to investment information agency ICRA.
Mumbai (Maharashtra) [India], February 5 (ANI): The Reserve Bank of India (RBI) on Friday kept the repo rate and reverse repo rate unchanged at 4 per cent and 3.35 per cent respectively while continuing the accommodative stance.
Singapore, February 2 (ANI): Deficit targets presented in India's Budget are higher and medium-term consolidation more gradual than expected, Fitch Ratings said on Tuesday.
Singapore, February 2 (ANI): India's Budget for fiscal 2022 (ending March 31, 2022) represents a comprehensive effort by the Central government to shore up the country's nascent economic recovery, S&P Global Rating said on Tuesday.
New Delhi [India], January 30 (ANI): As COVID-19 vaccinations are being done at a "good pace", the contact-sensitive sector along with momentum in manufacturing and other service sectors will contribute to the GDP growth, said Chief Economic Advisor Krishnamurthy Subramanian while giving the
New Delhi [India], January 27 (ANI): With International Monetary Fund (IMF) projecting that India will reclaim the status of world's fastest-growing economy and projected its growth at 11.5 per cent in 2021, experts on Wednesday said that India is rebounding to achieve the target of a USD 5
Mumbai (Maharashtra) [India], January 8 (ANI/NewsVoir): The year 2020 will go down in history as a year of unprecedented change - starting with nationwide lockdowns, economic turmoil, and a great deal of personal loss for many.