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India's forex sufficient to meet 11 months of imports, 96 pc of external d
Updated : 1 year, 2 months ago IST
India's foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of external debt outstanding at end-June 2024, stated the Reserve Bank of India (RBI) on Tuesday.
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Expected decline in food prices in January could increase odds of rate cut
Updated : 1 year, 2 months ago IST
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) could consider a rate cut in February if food inflation declines in January, says a report by ICICI Bank.
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Delhi, Punjab, Kerala & Puducherry spend more on day-to-day expenses r
Updated : 1 year, 2 months ago IST
It said, "Several States have announced sops pertaining to farm loan waiver, free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women in their Budget for 2024-25."
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Electricity distribution companies continue to remain a burden on state fi
Updated : 1 year, 2 months ago IST
Electricity distribution companies (DISCOMs) continue to weigh heavily on State finances, says a report by the Reserve Bank of India (RBI).
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Economic slowdown in country serious enough to demand immediate policy att
Updated : 1 year, 2 months ago IST
The ongoing economic slowdown in the country has become serious enough to demand immediate policy attention, said Monetary Policy Committee (MPC) Member Nagesh Kumar.
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India's foreign exchange reserves continue to decline
Updated : 1 year, 2 months ago IST
India's foreign exchange (forex) reserves continue to decline. In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.
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High growth can be secured only through price stability: RBI policy minute
Updated : 1 year, 2 months ago IST
Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of Reserve Bank of India emphasized before keeping the policy rate unchanged in the latest meeting.
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RBI board meeting discusses economic situation and outlook, appreciates ou
Updated : 1 year, 2 months ago IST
As per a statement from the central bank, the Board placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his tenure as Governor. Former RBI Governor Shaktikanta Das has served as the head of the central bank for six years which has ended on December 1
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RBI may delay rate cut to April next year amid Fed's Hawkish stance: Yes B
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) may postpone the beginning of its rate cut cycle to April 2025 because of the Federal Reserve's shift towards a more hawkish monetary stance, says research a report by Yes Bank.
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RBI flags rising subsidies by states as incipient stress
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday termed increasing spending by states on subsidies as an "incipient stress" and called for rationalisation of such outgoes.
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RBI may face tougher path in Feb rate cut as Fed reshaped global monetary
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) may face a tougher path for cutting interest rates in February, according to a report by Angel One's Ionic Wealth.
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IBC data provides valuable insights to handle complex cases: M Rajeshwar R
Updated : 1 year, 3 months ago IST
M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.
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