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Indian markets make substantial gains from day's low in anticipation of ra
Updated : 1 year, 3 months ago IST
The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts.
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Notable decline in forex reserve because RBI using forex to manage currenc
Updated : 1 year, 3 months ago IST
The recent decline in India's forex reserve from USD 705 billion to USD 656.58 billion is because the central bank is using forex reserve to manage currency volatility says a report by Union Bank of India.
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Nifty, Sensex opens flat amid ongoing MPC meet, RBI to balance the resurge
Updated : 1 year, 3 months ago IST
Indian stock markets continue their upward movement as the selling pressure reduces and foreign investors buy into Indian markets.
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RBI may explore other liquidity tools like open market operations (OMOs) a
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India.
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RBI raises UPI Lite wallet limit to Rs 5,000
Updated : 1 year, 3 months ago IST
The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.
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RBI's MPC meeting begins today, all eyes on central bank action on rising
Updated : 1 year, 3 months ago IST
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting to determine the policy rate in the country commenced today in Mumbai.
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Morgan Stanley revises India's GDP Growth to 6.3% from 6.7% for FY25
Updated : 1 year, 3 months ago IST
The downgrade comes after the growth slowdown in the quarter ending September 2024. India's GDP growth slowed to 5.4 per cent year-on-year (YoY) in the July-September quarter of 2024, marking its lowest level since March 2023.
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RBI advises banks to organize special campaigns like Aadhaar updation for
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free.
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RBI unlikely to cut rates in upcoming MPC meeting: SBI Report
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
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Indian stocks will react to GDP numbers, monetary policy outcomes for fres
Updated : 1 year, 3 months ago IST
The Indian stock indices will react to the disappointing GDP numbers, and await RBI monetary policy decisions, for fresh market cues, during the week that starts Monday.
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India's foreign exchange reserves decline for eighth consecutive week
Updated : 1 year, 3 months ago IST
India's foreign exchange (forex) reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed.
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Time to cut interest rate to spur GDP growth, says economist Charan Singh
Updated : 1 year, 3 months ago IST
Expressing his disappointment at the second-quarter estimates of 5.4 per cent GDP growth, Charan Singh, Chief Executive Officer, EGROW Foundation, has said that corrective measures should be taken faster economic growth and interest rates should be brought down.
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