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A rate cut is unlikely before December, it may even be pushed back furthe
Updated : 1 year, 7 months ago IST
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 7 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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RBI sees a positive shift in FPI's flows in the domestic market, USD 9.7 b
Updated : 1 year, 7 months ago IST
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
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Economists & Industry welcomed RBI's decision of no rate cut amid conc
Updated : 1 year, 7 months ago IST
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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RBI Governor Shaktikanta Das projects 7.2 pc GDP growth for 2024-25, repor
Updated : 1 year, 7 months ago IST
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
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Repo rate remains unchanged at 6.5 per cent for ninth consecutive time: RB
Updated : 1 year, 7 months ago IST
Governor Das stated, "After a detailed assessment of the evolving macroeconomic and financial conditions and the overall outlook. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent."
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Stock market opens in negative ahead of RBI monetary policy
Updated : 1 year, 7 months ago IST
The Sensex opened 242.27 points lower at 79,225.74, while the Nifty slipped by 74.75 points to open at 24,222.75.
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RBI to release policy at 10 am today, rate change unlikely: experts
Updated : 1 year, 7 months ago IST
RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.
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RBI expected to hold repo rate steady in upcoming MPC meeting: Care Edge
Updated : 1 year, 7 months ago IST
Adding the reasons behind its anticipation, the credit agency further emphasized factors such as the inflation and, overall risk of food inflation due to the above-normal monsoon will influence the decision of the monetary committee.
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ARTH Partners With deAsra Foundation To Empower Nano and Small Businesses
Updated : 1 year, 7 months ago IST
Gurugram (Haryana) [India], August 6: ARTH, a licensed Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), specializing in providing financial services to nano and small businesses, has entered into a strategic partnership with deAsra Foundation. This collab
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No rate cut on Thursday MPC meeting, RBI may cut rate in October policy re
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has started its three-day monetary policy committee (MPC) meeting in Mumbai on Tuesday.
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