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Slack in economy activity behind us as private consumption drives demand:
Updated : 1 year, 3 months ago IST
The weakness witnessed in the Indian economy, particularly in the recent quarter, is behind us, said the RBI's November bulletin released on Wednesday.
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Maharashtra Assembly Elections: RBI Governor Shaktikanta Das casts vote in
Updated : 1 year, 3 months ago IST
"The arrangements (at the polling station) were very good. I congratulate the Election Commission. The elections are being held in the middle of the week, so everyone is expecting a high voter turnout," Das said after casting his vote.
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MMAD Communications Unveils RBI-Approved Payment Aggregator Services Under
Updated : 1 year, 3 months ago IST
New Delhi [India] November 19: MMAD Communications, a leading technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand 'Mpay', post its receiving final authorization to this effect from the Reserve Bank of India (RBI). Mpay will enable
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RBI cautions public over deepfake videos of Governor
Updated : 1 year, 3 months ago IST
In a statement Tuesday, RBI said it has come to their notice that fake videos of the Governor (Shaktikanta Das) are being circulated in social media that claim launch of or support to some investment schemes by the RBI.
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India likely to attract USD 20-25 billion FPI inflows in FY25, recent outf
Updated : 1 year, 4 months ago IST
Foreign portfolio investment (FPI) inflows into India are projected to remain positive in FY25, with an expected inflow of USD 20-25 billion, according to a report by Bank of Baroda.
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India's forex reserves decline for sixth straight week by USD 6.4 billion
Updated : 1 year, 4 months ago IST
India's foreign exchange (forex) reserves dropped for a sixth consecutive week to hit a near three-month low of USD 675.65 billion as of November 8, data from the Reserve Bank of India (RBI) showed on Friday, November 15.
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Mumbai: Hoax threat call to RBI customer care dept, case registered
Updated : 1 year, 4 months ago IST
A hoax threat call was received by the customer care department of the Reserve Bank of India (RBI) in Maharashtra's Mumbai.
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Risk of inflation coming back and growth slowing down globally, says RBI G
Updated : 1 year, 4 months ago IST
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."
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If we exclude vegetable prices, CPI inflation remains in RBI's range: UBI
Updated : 1 year, 4 months ago IST
India's retail inflation rose to a 14-month high of 6.21 per cent in October, up from 5.49 per cent in August. On the back of rising vegetable prices food inflation galloped and rose in double digits for the first time in fifteen months to 10.87 per cent from 9.2 per cent in the previous mon
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Rate cut unlikely even in February, inflation to dip January onwards: SBI
Updated : 1 year, 4 months ago IST
The interest rate cut by Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
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FPI can go beyond 10% in listed company by reclassifying investment as FDI
Updated : 1 year, 4 months ago IST
The Reserve Bank of India on Monday announced that a foreign portfolio investor (FPI) investing in excess of the prescribed 10 per cent limit in a company, shall have the option of divesting their holdings or reclassifying such holdings as foreign direct investment (FDI).
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CPI inflation is likely to breach 6% in October: UBI report
Updated : 1 year, 4 months ago IST
The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent t
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