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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rate cut with 7 per cent of growth never happened in India or globally: SB
Updated : 1 year, 5 months ago IST
After the RBI projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by State Bank of India noted that a rate cut with a 7 per cent growth never happened in the history.
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Sensex, Nifty lose initial gains, close in red post RBI's status quo on ra
Updated : 1 year, 5 months ago IST
The Sensex fell by 167.71 points, closing at 81,467.10, while the Nifty50 dropped 31.20 points, settling at 24,981.95.
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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RBI increases UPI limit for keypad phones, UPI lite wallet limit also incr
Updated : 1 year, 5 months ago IST
In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
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RBI cautioned NBFCs for incentives and targets for loans, warned action
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
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RBI projects 7.2 pc GDP growth for FY25, CPI inflation to moderate at 4.5
Updated : 1 year, 5 months ago IST
Das said, "Real GDP growth for 2024-25 is projected at 7.2 per cent. With Q2 at 7 per cent, Q3 at 7.4 per cent and Q4 7.4 per cent. Real GDP growth for Q1 of next financial year that is 2025-26 is projected at 7.3 per cent and the risks are evenly balanced."
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RBI keeps repo rate unchanged at 6.5 pc, changes stance to neutral to alig
Updated : 1 year, 5 months ago IST
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
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Nifty, Sensex open in green, RBI policy announcement to drive markets toda
Updated : 1 year, 5 months ago IST
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
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RBI MPC announcement today, unlikely change in rates, RBI may change stanc
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
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Snapping six-day losses, stocks rise again; BJP's Haryana assembly poll pe
Updated : 1 year, 5 months ago IST
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
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M Rajeshwar Rao re-appointed RBI Deputy Governor for another year
Updated : 1 year, 5 months ago IST
The central government has re-appointed M Rajeshwar Rao as Deputy Governor, Reserve Bank of India for one year with effect from October 09, 2024, or until further orders, whichever is earlier.
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