Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
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.
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.
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
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.
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.
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.
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so