Industry welcomes Reserve Bank of India decisions in its first monetary policy report of FY 25. One of the key highlights of the report is the RBI's decision to maintain the repo rate at its current level, a move that has been widely applauded by industry leaders.
Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
Chennai (Tamil Nadu) [India], April 2: The cardinal directions of the compass - North, East, West, and South - hold significance beyond mere geographical orientation; they form an integral aspect of the ancient architectural science known as Vastu Shastra. People often consult these directio
Speaking at the 90th-anniversary celebration of the Reserve Bank of India (RBI), Prime Minister Narendra Modi on Monday asked the central bank to assess a newer banking structure to fund future needs.
According to a PM office press release, Prime Minister Modi unveiled a commemorative coin and applauded the pivotal role of the RBI in shaping India's economic landscape.
Governor Das remarked, "The journey of reserve bank over the 9 decades has been one of efficient functioning and contribution to the nations' progress."
"The transformation occurred because there was honesty and consistency in our efforts. This change has come because our policies, intentions and decisions were clear. When the intentions are clear, then the policies are right. When policies are right, then the decisions are right. And whe