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RBI keeps inflation projection for 2022-23 unchanged at 6.7 per cent
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India on Friday decided to keep inflation projection for the current financial year unchanged at 6.7 per cent and said that the retail inflation would remain above the upper tolerance level of 6 per cent through the first thre
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Rupee depreciation more because of US dollar strength than weakness in fun
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The depreciation of the Indian rupee is more on account of the appreciation of the US dollar rather than weakness in macroeconomic fundamentals of the Indian economy as the domestic currency is faring much better than several other currencies, Re
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RBI Monetary Policy: Latest hike takes repo rate above pre-pandemic levels
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India has unanimously decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation. Today's hike takes the repo rate above pre-pande
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RBI raises repo rate by 50 bps to cool inflation, 3rd hike in row
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India has raised the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation.
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Indian stocks largely steady, RBI's policy outcome in focus
Updated : 3 years, 7 months ago IST
New Delhi [India], August 5 (ANI): Indian stocks traded largely steady this morning ahead of the Monetary Policy statement of the Reserve Bank of India Governor Shaktikanta Das scheduled at 10 a.m., where he will announce the outcomes of the latest monetary policy review meeting.
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RBI set to hike policy rates for the third time in a row to tame inflation
Updated : 3 years, 7 months ago IST
New Delhi [India], August 4 (ANI): The Reserve Bank of India is likely to hike the policy repo rate by 25 to 50 basis points on Friday, the third hike since the beginning of the current financial year, in order to tame the inflationary pressure.
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M1xchange offers 'Small to Small Factoring' in partnership with YES BANK a
Updated : 3 years, 7 months ago IST
New Delhi [India], August 4 (ANI/PNN): M1xchange, India's first and leading TReDS platform, in partnership with YES BANK and RBL Bank, announced today that it had started testing of 'Small-Small Factoring' product under the Reserve Bank of India's (RBI's) third cohort of the regulatory sandb
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RBI's monetary policy review underway; here's what analysts see as possibl
Updated : 3 years, 7 months ago IST
New Delhi [India], August 4 (ANI): The three-day Reserve Bank of India's monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation.
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Introducing RoboApe (RBA) and Dogecoin (DOGE) - The next-level meme coins
Updated : 3 years, 7 months ago IST
New Delhi [India], August 3 (ANI/ATK): RoboApe (RBA) and Dogecoin (DOGE) are some of the tokens taking crypto to the next frontier and spreading the word to people who are new in the world of digital cash and assets.
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RBI has allowed invoicing, payments for international trade in Indian Rupe
Updated : 3 years, 7 months ago IST
New Delhi [India], August 2 (ANI): The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in the Indian Rupee, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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PM Modi lauds record 6 billion UPI transactions in July
Updated : 3 years, 7 months ago IST
New Delhi [India], August 2 (ANI): Prime Minister Narendra Modi has lauded the outstanding accomplishment of 6 billion UPI transactions in July, the highest ever since 2016.
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"The only sustainable way we can get to 5 trillion is if the bottom 600 mi
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 2 (ANI/PRNewswire): Speaking at the first edition of Lentra Digital Lending Transformation Global Summit 2022 in Mumbai, the former Finance Secretary and RBI Governor, Dr Duvvuri Subbarao emphasized the crucial role of technology-related policy initiat
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