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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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RBI unlikely to cut repo rate on August 8 monetary policy: Experts
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.
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Inflation to remain around 5 per cent this fiscal: SBI report
Updated : 1 year, 7 months ago IST
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
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Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consump
Updated : 1 year, 7 months ago IST
The record-high gold prices took a significant toll on jewellery consumption. Volumes fell 19 per cent y/y to 391 tonnes, the lowest in four years.
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India's forex reserves decline slightly after hitting record high
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 40-45 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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2.08 pc of Rs 2000 notes, valued Rs 7,409 crore, still to be returned: RBI
Updated : 1 year, 7 months ago IST
The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 7 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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