Search For "rb"
High-interest rates sacrifice growth: RBI monetary policy member Varma fav
Updated : 1 year, 11 months ago IST
Noting that that economic growth in 2024-25 is projected to slow by over half a percent relative to 2023-24, Varma said it was a reminder that high interest rates entail a growth sacrifice.
Read More
Inflation remains main concern against rate cuts: RBI policy minutes
Updated : 1 year, 11 months ago IST
Inflation continues to remain the main concern for the Reserve Bank of India's monetary policy committee members before it goes ahead and loosens its stance on key interest rates.
Read More
Food prices a challenge for final descent in inflation: RBI policy minutes
Updated : 1 year, 11 months ago IST
Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI's monetary policy meeting that was held earlier this month.
Read More
India's forex exchange reserves decline after seven-week rise
Updated : 1 year, 11 months ago IST
As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
Read More
RBI seeks comments on draft rules to regulate payment aggregators
Updated : 1 year, 11 months ago IST
Comments or feedback on the draft directions may be sent by email or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, on or before May 31, 2024.
Read More
Interest rate cuts in India seem off the table: Morgan Stanley
Updated : 1 year, 11 months ago IST
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent, the seventh time in a row. The repo rate is the rate of interest at which the RBI lends to other banks.
Read More
RBI allows early redemption in Sovereign Gold Bond Scheme, 2017-18 Series
Updated : 1 year, 11 months ago IST
The press statement of the RBI says early redemption price has been fixed at Rs 7260/- per unit of SGB, based on the average closing gold price over the previous three business days.
Read More
MP: INDIA bloc extends support to AIFB candidate RB Prajapati against VD S
Updated : 1 year, 11 months ago IST
Congress general secretary-in-charge of communications, Jairam Ramesh, has issued a written statement in this regard. SP candidate Meera Yadav's nomination was rejected on April 5 due to lack of a signature at one place and not having an updated voter list.
Read More
Crisil expects RBI to initiate repo rate cuts from mid-2024
Updated : 1 year, 11 months ago IST
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
Read More
India forex reserves rise for seventh week to reach fresh peak
Updated : 1 year, 11 months ago IST
India's foreign exchange reserves rose for the seventh straight week to hit a fresh all-time high of USD 648.562 billion in the week ending on April 5, as per the latest data released by the Reserve Bank of India (RBI).
Read More
March 2024 retail inflation hits 10-month low at 4.85 per cent; Experts ca
Updated : 1 year, 11 months ago IST
Sinha and Jasrai stated, "March 2024 retail inflation at 4.85 per cent was 10 months low and was on expected lines. Retail inflation now for 54 consecutive months and 18 quarters is higher than the RBI inflation target of 4.0 per cent. While the headline inflation is trending downwards, the
Read More
"Financial market reforms by RBI aimed at providing strong bedrock for mar
Updated : 1 year, 11 months ago IST
Das said, "The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in
Read More