Search For "reserve bank of india"
RBI unlikely to cut rate as India's growth is higher than potential output
Updated : 1 year, 9 months ago IST
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
Read More
RBI is unlikely to cut rate or change status in Oct 9 monetary policy: BoB
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
Read More
Monetary Policy Committee of RBI reconstituted with new members
Updated : 1 year, 9 months ago IST
The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement.
Read More
India's forex reserve touches fresh record high of USD 692.3 billion
Updated : 1 year, 9 months ago IST
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.
Read More
Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 9 months ago IST
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
Read More
Bajaj Finserv New Car Loan simplifies the borrowing experience for new car
Updated : 1 year, 9 months ago IST
Pune (Maharashtra) [India], September 25: As the festive season approaches, many people dream of purchasing a new car. The thrill of driving a new vehicle and the joy it brings is hard to resist. However, buying a car can be a significant financial commitment, which is where car loans come i
Read More
Riding on NRI-Shakti: Fi Money Goes International
Updated : 1 year, 9 months ago IST
Bengaluru (Karnataka) [India], September 24: India's digital inclusion journey for Financial services has progressed at breakneck speeds with fintech players entering the foray. While the homebound have reaped the benefits of the developments in the financial space, the obvious next step is
Read More
Jefferies expects 25 basis points repo rate cut by RBI this year
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
Read More
Household consumption to surge in Q2 as headline inflation eases and rural
Updated : 1 year, 9 months ago IST
Household consumption in India is set to experience accelerated growth in the second quarter of FY 2024-25, the Reserve Bank of India said in its September Bulletin released on Friday.
Read More
RBI may go for a rate cut in Feb 2025 as inflation is still above 4 pc: SB
Updated : 1 year, 9 months ago IST
In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move, potentially announcing a rate cut by February 2025, according to a report by SBI Research.
Read More
Despite being leader in digital transactions, cash circulation increasing
Updated : 1 year, 9 months ago IST
Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the currency in circulation has increased su
Read More
Fed rate cut will facilitate fund flows to India and emerging markets: Exp
Updated : 1 year, 9 months ago IST
The US Federal Reserve's move to cut the rate by 50 basis points will facilitate flows to emerging markets. Experts say a weaker dollar and lower rates are favourable for India and emerging economies.
Read More