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Repo rate likely to be on hold, cuts expected in early 2024: Morgan Stanle
Updated : 2 years, 11 months ago IST
The Reserve Bank of India is likely to keep the repo rate on hold for now as inflation figures seem to be under control and any reduction in the key interest rate is expected only in the early part of 2024, Morgan Stanley said in a report.
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RBI releases monthly bulletin of April 2023
Updated : 2 years, 11 months ago IST
According to a statement from RBI, the five articles are -- State of the Economy; Recent Regime Reversal in Inflation: The Indian Experience; Capital Outlay of Indian States: An Empirical Assessment of its Role and Determinants; Industrial Relations Code and Labour Productivity: A Cross-Coun
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India, Bangladesh agree to settle bilateral trade transactions in rupee, t
Updated : 2 years, 11 months ago IST
In order to facilitate cross-country transactions, Sonali Bank and Eastern Bank will open accounts in the State Bank of India and ICICI Bank. The two Indian banks will also open similar accounts in the two Bangladeshi banks, as per the news report.
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Retail inflation eases to 5.66 pc; falls within RBI target range now
Updated : 2 years, 11 months ago IST
According to the data released by the Ministry of Statistics and Programme Implementation, rural inflation stood at 5.51 per cent while urban inflation was at 5.89 per cent in March. In February this year, it was 6.72 per cent and 6.10 per cent for rural and urban inflation respectively.<
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Indian stocks open in green; inflation data eyed for fresh cues
Updated : 2 years, 11 months ago IST
Indian stock indices opened Tuesday's trade on a positive note, largely due to the pause in an interest rate hike by RBI which brought cheers among investors.
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Does Repo Rate pause mean good times for the real estate sector?
Updated : 2 years, 11 months ago IST
Delhi NCR [India], April 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) declared that the repo rate, which remains at 6.5% from the most recent review meeting, has not changed for the first time in the previous 12 months. The RBI has kept the repo rate at its current level. The real esta
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Indian stocks extend gains; focus now on inflation data, Q4 earnings
Updated : 2 years, 11 months ago IST
The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effects of the policy rate tightening so far.
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Unchanged interest rate by RBI a boon for housing sector: Anarock
Updated : 2 years, 11 months ago IST
The pause in interest rates by the Reserve Bank of India (RBI) is positive for the real estate market, which faced headwinds amid layoffs by large corporates globally, said real estate consultancy firm Anarock.
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India's foreign exchange reserves decline 329 mn to USD 578.45 bn
Updated : 2 years, 11 months ago IST
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 4.38 billion to USD 509.691 billion
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SC grants 3 more weeks to Finance Ministry to respond on plea seeking mech
Updated : 2 years, 11 months ago IST
A bench of Chief Justice of India DY Chandrachud and Justice JB Pardiwala posted the matter for hearing on April 28.
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RBI's retail pilot of the digital rupee goes live in India's 4 metro citie
Updated : 2 years, 11 months ago IST
New Delhi [India], April 7 (ANI/PNN): As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, includin
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Here's how experts reacted to RBI keeping repo rate unchanged after 250 bp
Updated : 2 years, 11 months ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent, to assess the effects of the policy rate tightening done so far.
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