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RBI Governor says inflation expected to ease in second half of 2022-23
Updated : 3 years, 8 months ago IST
New Delhi [India], July (ANI): India's inflation is expected to ease gradually in the second half of the current financial year 2022-23, "precluding the chances of a hard landing" monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das.
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Cryptocurrencies are a clear danger, need to guard against any disruption
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 30 (ANI): Cryptocurrencies are a clear danger and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name, RBI Governor Shaktikanta Das has said in the foreword of the Financial Stability Re
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Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 3 years, 8 months ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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Risks to FinTech pose challenge to financial stability: RBI Governor
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the need to regulate the financial technology (FinTech) firms emanates from the challenges they pose to the financial system and the new risks they carry.
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Calling by loan recovery agents at odd hours unacceptable: RBI Governor
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Calling at odd hours and use of foul language by loan recovery agents is unacceptable, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday.
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RBI Governor advises Indian entrepreneurs to adjust to new business models
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 9 (ANI): Businesses are facing multiple challenges posed by shocks such as the global financial crisis, COVID-19 pandemic, and now the war in Europe and the success of Indian entrepreneurs in the coming years will depend on how quickly and efficiently they
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RBI proposes to link credit cards to UPI platform
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the Unified Payments Interface (UPI) platform.
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RBI raises inflation forecast for FY 2022-23 to 6.7 per cent
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) on Wednesday raised inflation forecast for the current financial year to 6.7 per cent from its earlier projection of 5.7 per cent.
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RBI retains GDP growth at 7.2 pc, inflation projected at 6.7 pc for FY 202
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): Reserve Bank of India (RBI) retained the real GDP projection of 7.2 per cent for the year FY 2022-23.
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RBI hikes policy repo rate by 50 basis points to 4.9 pc
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) on Wednesday announced to increase the policy repo rate by 50 basis points to 4.9 per cent, the second hike in five weeks aimed at quelling the inflation.
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RBI likely to hike policy interest rates; raise inflation forecast today
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) is likely to hike the policy repo rate by 40 basis points to 4.80 per cent on Wednesday and increase the inflation forecast for the current fiscal to above 6 per cent from its earlier projection of 5.7 per cent, a
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