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Policy rate status quo but inflation outlook clouded by uncertainties
Updated : 2 years, 5 months ago IST
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to
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Rs 12,000 cr remain in circulation, RBI says day ahead of Rs 2000 note exc
Updated : 2 years, 5 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000-denomination banknotes from circulation but said it would continue to remain legal tender. However, the RBI had advised banks to stop issuing such banknotes with immediate effect.
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Inflation concerns serious, masks true hardships of people: Jairam Ramesh
Updated : 2 years, 5 months ago IST
Soon after the Reserve Bank of India (RBI) in its latest monetary policy review meeting flagged concerns about high inflation as the headline inflation numbers are above the central bank's upper tolerance limit of 6 per cent, Congress has said it "masks the true hardships" faced by people, p
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RBI keeps overall 2023-24 growth and inflation forecast unchanged
Updated : 2 years, 5 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting kept overall 2023-24 growth and inflation unchanged from their earlier estimates, even as the central bank flagged concerns about high inflation.
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RBI maintains status quo in policy rate, flags inflation concern
Updated : 2 years, 5 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fourth straight occasions.
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RBI onboards more banks on UDGAM portal, public can search unclaimed depos
Updated : 2 years, 5 months ago IST
The Reserve Bank of India has by far onboarded 30 banks on its UDGAM platform, a portal that enables the public to search for unclaimed deposits.
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Indian stocks in green ahead of RBI monetary policy outcome
Updated : 2 years, 5 months ago IST
Indian stock indices extended gains from the previous session, with financial market participants closely monitoring the outcome and the policy stance of the central bank RBI to be announced at 10 am today, for fresh cues.
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RBI to release monetary policy statement on Friday, pause in repo rate lik
Updated : 2 years, 5 months ago IST
he Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants
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India's NPCI sign agreement with UAE's Etihad Payments to provide cost-eff
Updated : 2 years, 5 months ago IST
This MoU will facilitate the users of both countries, which would be as seamless as a domestic transaction using a beneficiary identifier (mobile number / VPA).
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slice and North East Small Finance Bank to Merge
Updated : 2 years, 5 months ago IST
Bengaluru (Karnataka) [India], October 4: Fintech unicorn slice and North East Small Finance Bank (NESFB) are pleased to announce their upcoming merger in a pathbreaking move to accelerate their joint vision of expanding tech-enabled financial accessibility across the nation. Having received
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RBI appoints Muneesh Kapur as new executive director
Updated : 2 years, 5 months ago IST
Over a span of nearly three decades at the Reserve Bank, Kapur has worked in the areas of macroeconomic policy and research and monetary policy in the Department of Economic Policy and Research and Monetary Policy Department in RBI. He also served as adviser to the Executive Director at t
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Reliance Brands to acquire majority stake in Superdry IP for Indian territ
Updated : 2 years, 5 months ago IST
Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC.
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