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Headline inflation moderating but remains above targets of central banks:
Updated : 3 years, 2 months ago IST
He said the banking and non-banking financial service sectors in India remained healthy and financial markets evolved in an orderly manner
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RBI projects real GDP growth for 2023-24 at 6.5 pc
Updated : 3 years, 2 months ago IST
During his speech on Thursday, the governor said that RBI projected GDP growth in FY24's first quarter (Q1) at 7.8 per cent; the second quarter (Q2) at 6.2 per cent; the third quarter (Q3) at 6.1 per cent; and the fourth quarter (Q4) at 5.9 per cent.
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RBI decides to keep repo rate unchanged at 6.5 pc
Updated : 3 years, 2 months ago IST
Five out of six members of MPC voted to remain focused on withdrawal of accommodation to ensure inflation aligns with target while focusing on growth, RBI Governor Shaktikanta Das said on Thursday. The Monetary Policy Committee of the central bank decided to take a pause after a rate hike
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RBI likely to announce another repo rate hike tomorrow to manage inflation
Updated : 3 years, 2 months ago IST
Governor Shaktikanta Das will announce the outcome of the meetings at 10 in the morning, followed by a press conference at noon which would be telecast.
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Indian stocks in green ahead of RBI monetary policy outcome
Updated : 3 years, 2 months ago IST
Indian stock indices extended their gains, though marginally, on Wednesday as investors at large are eyeing the outcome of the three-day Reserve Bank of India's monetary policy committee meeting -- the first in 2023-24 which started Monday.
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India stands out as fastest-growing economy, but RBI should halt any more
Updated : 3 years, 2 months ago IST
ASSOCHAM President Ajay Singh said, "Though India remains the fastest-growing nation amongst the major economies, growth is uneven even as the global headwinds from volatile energy prices, geo-political developments and threat of recession in major economies need to be watched with an abunda
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RBI may hike repo rate by 25 bps in ongoing policy meet: Emkay report
Updated : 3 years, 2 months ago IST
The monetary policy committee of the Reserve Bank of India, when it announces the outcome of the ongoing policy meeting on Thursday morning, is likely to hike the repo rate by 25 basis points (100 basis points is equivalent to 1 percentage point), according to advisory firm Emkay Global Fina
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Ukraine receives first tranche of USD 2.7 billion financial aid from IMF
Updated : 3 years, 2 months ago IST
Ukraine has received the first tranche of USD 2.7 billion from a new International Monetary Fund (IMF) EEF program, CNN reported quoting Ukrainian Finance Minister Sergii Marchenko.
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State Bank of Pakistan likely to raise interest rate to unlock IMF loan pr
Updated : 3 years, 2 months ago IST
The staff-level agreement between the International Monetary Fund (IMF) and Pakistan was scheduled to take place on February 9.
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Mayhem in Pakistan amid rising inflation, cost-of-living
Updated : 3 years, 2 months ago IST
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
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Shaktikanta Das congratulates Team RBI on completing 88 years of service t
Updated : 3 years, 2 months ago IST
The Governor said in a tweet, "Congratulations Team RBI for 88 years of dedicated service to the nation. It's an humbling moment. A day to rededicate ourselves to the responsibilities of this national institution."
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Pakistan's inflation soars to 35.4 per cent in March, highest since 1965
Updated : 3 years, 2 months ago IST
Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
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