Indian stock indices managed to trade on a positive note throughout Wednesday's session and settled substantially high with all eyes now focused on the Reserve Bank of India's (RBI) decision from the ongoing bi-monthly monetary policy review.
Earlier, advocate Upadhyay sought an urgent hearing in this matter. However, the top court refused to hear the plea on an urgent basis, stating that the matter was not urgent and would be taken up in July, after the re-opening of court.
Indian stock indices traded marginally higher Wednesday morning, but investors' focus remains on the Reserve Bank of India's decision at the ongoing bi-monthly monetary policy review.
Pune (Maharashtra) [India], June 6: The repo rate has been increased by a total of 100 basis points (bps) in 2023. The Reserve Bank of India (RBI) increased the repo rate by 25 bps in February, followed by another 50 bps in April and 25 bps in May. The repo rate is now at 6.50 per cent.
The Reserve Bank of India (RBI) has come up with a Financial Inclusion Dashboard named Antardrishti, a platform that will provide insights to assess and monitor the progress of financial inclusion. RBI governor Shaktikanta Das launched it on Monday.
Indian stock indices traded largely on a steady note Tuesday morning as investors stared at the the Reserve Bank of India's bi-monthly monetary policy review for fresh cues.
Deputy Governor at the Reserve Bank of India, Rajeshwar Rao, said time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.
India's overall foreign exchange reserves declined from USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by Reserve Bank of India on Friday showed.
These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks on May 22 in New Delhi. He also addressed private sector banks on May 29 in Mumbai.