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RBI may revise liquidity management framework, introduce longer-term buy-s
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is likely to announce significant changes to its Liquidity Management Framework (LMF), according to a report by the State Bank of India (SBI).
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Slump in India's forex reserves continues, hits 10-month low at USD 625.87
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves (Forex) continue to decline, extending their slump for the sixth consecutive week, standing at USD 625.87 billion as of January 10, according to the weekly data released by the Reserve Bank of India (RBI).
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SC dismisses plea alleging Kashmiri separatist group's money exchanged by
Updated : 1 year, 5 months ago IST
The Supreme Court has dismissed a petition which alleged that the Reserve Bank of India (RBI) exchanged currency notes worth Rs 30 crores that were defaced by a Kashmiri separatist group in 2013.
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RBI likely to follow the path of shallow rate cut in Feb MPC meeting: Repo
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) may opt for shallow rate cuts in its upcoming Monetary Policy Committee (MPC) meeting in February 2025, says a report by Sharekhan, a capital markets company. This comes amidst a cautious global economic environment.
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RBI lifts restrictions on Asirvad Micro Finance, DMI Finance
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has decided to lift restrictions placed on Asirvad Micro Finance and DMI Finance, with immediate effect, which was initially imposed in October 2024.
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India's forex reserves continue to fall, kitty now stands 10% below peak
Updated : 1 year, 6 months ago IST
In the week that ended December 27, the country's foreign exchange kitty declined by USD 4.112 billion to USD 640.279 billion, data from the Reserve Bank of India (RBI) showed.
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RBI may reduce policy rates by 50 basis points in the first half of 2025:
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.
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Rupee will marginally depreciate against USD in CY25, will outperform many
Updated : 1 year, 6 months ago IST
The Indian Rupee (INR/RS) depreciated by 2.8 per cent in CY24 but still outperformed many of its peers. The Reserve Bank of India (RBI) has actively intervened in the forex market to manage currency fluctuations.
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Modi regime has created five time more employment than UPA regime: Union L
Updated : 1 year, 6 months ago IST
The government has significantly boosted employment in the past decade, creating nearly five times more jobs than during the United Progressive Alliance (UPA) era from 2004 to 2014, says Union Labour and Employment Minister, Mansukh Mandaviya citing data from the Reserve Bank of India (RBI)
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RBI directs banks to implement beneficiary name look-up for RTGS, NEFT tra
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up facility to customers for fund Transfers by April 1, 2025.
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Indian household debt rising but relatively low compared to other emerging
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs).
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Personal Loans and Services Sector are key drivers of banks credit growth:
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted.
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