The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
Union Defence Minister Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven billion dollar bailout package, and Prime Minister Narendra Modi has given more than this in the PF package for J&K.
Faced with high inflation during the COVID-19 pandemic, the US monetary policy committee raised the policy rate by 425 basis points in 2022 and another 100 basis points in 2023 as part of its commitment to restoring price stability.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting later this week, particularly the extent of interest rate cut, if any.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any.
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI directives.
American central bank US Federal Reserve will most likely cut key interest rates twice this year -- once this month and again in December, anticipates S&P Global Market Intelligence.
India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
As the Indian government prepares to release its GDP data for the first quarter (April-June) of FY 2024-25 on Friday, the expectations are mixed amid various economic factors.
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The Maldives Police Service (MPS) has commenced a probe into allegations that the opposition tried to stage a coup d'etat after the Bank of Maldives (BML) decision on Sunday to suspend foreign transaction allowances on debit and credit cards related to Maldivian Rufiyaa (MVR) accounts, Ma