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India's GDP to grow 7% in FY26, Crisil raises growth forecast
Updated : 3 months ago IST
The Indian economy is poised to grow at 7.0 per cent in the current fiscal 2025-26, Crisil said as it raised projections by 50 basis points soon after the country registered robust growth in the first half.
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CBDCs more superior to Stablecoins as they satisfy all attributes of money
Updated : 3 months ago IST
Central Bank Digital Currencies (CBDCs) are digital tokens like Stablecoins, but they are inherently superior since they satisfy all the attributes that money should have, RBI Deputy Governor T Rabi Sankar argued.
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GST reforms may reduce retail inflation by 35 basis points in 2025-26: SBI
Updated : 3 months ago IST
The decline in Consumer Price Index (CPI) or retail inflation due to massive GST rate rationalisation has been around 25 bps so far in the September-November 2025 period, according to estimates put forth by SBI Research.
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India's forex reserves rise by $1.03 billion to $687.26 billion
Updated : 3 months ago IST
India's foreign exchange reserves rose marginally, by USD 1.033 billion in the week that ended December 5 to USD 687.260 billion, driven by a jump in gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
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India retail inflation to average 2.5% in 2025-26 fiscal: Crisil
Updated : 3 months ago IST
As the base effect on food fades, headline Consumer Price Index or retail inflation is likely to edge up slightly to average at 2.5 per cent this financial year 2025-26, Crisil has asserted.
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RBI DG raises concerns over growing prominence of stablecoins
Updated : 3 months ago IST
"Over time, the form of money has evolved with technology - from commodities to metal to paper to balances in deposit accounts to now, digital tokens. While the forms of money have evolved with technology, the fundamental character of money - what it represents, or what gives it credibility
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RBI to conduct Rs 50,000 crore OMO purchase on December 18
Updated : 3 months ago IST
According to the statement, the OMO purchase will be carried out through a multi-security auction using the multiple price method. The operation will cover government securities maturing between 2029 and 2054, including 6.75% GS 2029, 6.10% GS 2031, 6.54% GS 2032, 7.18% GS 2033, 6.33% GS 203
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RBI announces OMO purchase auction results; to hold underwriting auction f
Updated : 3 months ago IST
The Reserve Bank of India on Thursday released the results of its Open Market Operation (OMO) purchase auction of Government of India securities, aggregating to a notified amount of Rs 50,000 crore, and also announced plans to conduct an underwriting auction for a separate G-Sec sale on Dece
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As US Fed ends year with another rate cut, BoB Economist predict RBI to se
Updated : 3 months ago IST
For India, the Fed's stance carries important implications, particularly in the context of currency volatility and interest-rate differentials. The BoB Economist Dipanwita Mazumdar expected India's Reserve Bank of India (RBI) to settle at 5% repo rate in the Calendar Year 2026.
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Delhi Police seize over Rs 3.5 crore in demonetised notes; four held for i
Updated : 3 months ago IST
Delhi Police recovered demonetised currency notes of Rs 500 and Rs 1,000 with a face value of more than Rs 3.5 crore and arrested four men allegedly involved in an illegal exchange racket, officials said on Wednesday.
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Decision on freezing UPI payments rests with RBI, NPCI: SBI's Ashwini Kuma
Updated : 3 months ago IST
State Bank of India Managing Director (Corporate Banking and Subsidiaries) Ashwini Kumar Tewari on Wednesday said the banking system in India is looking at ways and means to help customers retrieve funds in cases of fraud or inadvertent transactions, but stressed that any move to introduce a
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RBI plans long-term USD/INR swap to boost liquidity
Updated : 3 months, 1 week ago IST
The Reserve Bank of India is set to inject liquidity into the banking system through a long-term USD/INR Buy/Sell Swap auction, marking a key move to ease financial conditions at a time when liquidity needs closer attention. According to an RBI press release on Monday, the central bank will
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