India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed.
SBI Capital Markets anticipated the interest rate cut in the late calendar year of 2024, adding that the Reserve Bank of India (RBI) is now focusing on local disinflation and growth while monitoring global trends.
The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged again is a boon for the Indian real estate sector, said real estate consultancy firm Anarock.
Georgieva, while welcoming the participants of the 23rd annual conference, invoked the need to supervise the dynamic financial sector. "Changes are being driven by many factors--from economic developments to geopolitics to climate--and by the force of ever-accelerating technological advancem
This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary policy report, which predicts a robust growth rate of 7.2 per cent for India in the fiscal year 2025.
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
The RBI has revised the GDP forecast for the current FY 24-25 to 7.2 per cent from 7 per cent earlier, and the CPI inflation is projected at 4.5 per cent.
The Monetary Policy Committee (MPC), chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions amidst a challenging economic landscape.
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
Edelweiss Financial Services Limited's subsidiary, Edelweiss Rural & Corporate Services Ltd., received a tax demand notice of Rs. 2.61 crores from the Income Tax Department, the company informed the exchange in its filing.