Search For "monetary policy"
RBI hikes repo rate by 0.40 per cent, cites inflation worries
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): The Reserve Bank of India's Monetary Policy Committee in an unscheduled meeting on Wednesday unanimously decided to increase the policy repo rate by 40 basis points to 4.40 per cent with immediate effect citing inflation worries.
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RBI raises repo rate by 40 basis points to 4.40 pc with immediate effect
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect.
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Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
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Inflation worries dominated RBI's April 6-8 Monetary Policy Committee meet
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 22 (ANI): Challenges posed due to persistently high inflation dominated the Reserve Bank of India's Monetary Policy Committee meeting held during April 6-8, as per the minutes of the meeting released by the RBI on Friday.
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Sensex slumps 482 points; IT, energy, banking stocks slide
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 11 (ANI): The Indian equities markets benchmark Sensex slumped 482 points on Monday dragged by heavy selling pressure in IT, energy and banking and financial stocks.
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RBI may shift focus to inflation, start hiking policy rates from August
Updated : 3 years, 11 months ago IST
New Delhi [India], April 9 (ANI): The Reserve Bank of India (RBI) has maintained the policy repo rate at a record low of 4 per cent for almost the past two years in order to support economic growth, hit by COVID-19 pandemic. Although in the first policy review of the current financial yea
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Sensex surges 412 points as RBI keeps policy rates unchanged
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Indian equities markets benchmark Sensex jumped 412 points on Friday led by a strong buying support in the index heavyweight Reliance Industries as the Reserve Bank of India (RBI) kept key policy rates unchanged in its first monetary policy
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RBI keeps policy rates unchanged; raises inflation forecast, lowers growth
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): In the first monetary policy review of the financial year 2022-23, the Reserve Bank of India (RBI) on Friday kept key policy interest rates unchanged for the 11th time in a row and sharply raised inflation projection and lowered growth forecast du
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Card-less cash withdrawal to be made available at all ATMs: RBI
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Friday proposed to make card-less cash withdrawal facility available across all banks and automated teller machine (ATM) networks using unified payments interface (UPI).
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RBI raises inflation forecast for FY 2022-23 to 5.7 per cent
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Friday revised upward the inflation forecast for the current financial year to 5.7 per cent from its earlier projection of 4.5 per cent announced in February.
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RBI keeps repo, reverse repo rates unchanged for 11th time in row
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India's (RBI) Monetary Policy Committee on Friday voted to keep the benchmark repo and reverse repo rates unchanged for the 11th consecutive time.
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