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Repo rate kept unchanged, inflation projection lowered by RBI; experts hav
Updated : 2 years, 9 months ago IST
Unchanged repo rate as was expected, lowering of inflation projection, and retention of previously forecasted GDP numbers for 2023-24 were some of the key highlights from the three-day RBI monetary policy review meeting.
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Half of Rs 2,000 notes in circulation back in system: RBI Governor
Updated : 2 years, 9 months ago IST
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
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RBI lowers India's 2023-24 inflation forecast to 5.1 pc
Updated : 2 years, 9 months ago IST
The Reserve Bank of India has lowered India's inflation projection for 2023-24 to 5.1 per cent against its April estimate of 5.2 per cent.
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Indian banks can issue Rupay prepaid forex cards: RBI Governor
Updated : 2 years, 9 months ago IST
RBI Governor said RuPay Debit and Credit cards issued by banks in India are gaining increased acceptance abroad.
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RBI keeps policy repo rate unchanged as inflation softens
Updated : 2 years, 9 months ago IST
The Reserve Bank of India's monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent.
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Indian stocks gather steam with eyes fixed at monetary policy outcome
Updated : 2 years, 9 months ago IST
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.
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Bangladesh left Pakistan behind in all sectors of economy in 2023-24: Repo
Updated : 2 years, 9 months ago IST
Bangladesh has almost USD 31 billion in reserves for the new fiscal year whereas Pakistan has less than USD 4 billion and, that too, with loans from friendly nations, the report claimed.
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SC seeks report from registry on urgent listing of plea on Rs 2000 notes e
Updated : 2 years, 9 months ago IST
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.
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Indian stocks rise slightly; focus remains on Thursday's RBI policy outcom
Updated : 2 years, 9 months ago IST
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.
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BJP slams TMC for providing monetary aid to families of Odisha train accid
Updated : 2 years, 9 months ago IST
Notably, the Reserve Bank of India (RBI) on May 19 announced the withdrawal of Rs 2,000 notes from circulation while they continue to be legal tender.
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Uttarakhand CM Dhami hands over appointment letters to 55 candidates selec
Updated : 2 years, 9 months ago IST
A total of 1,425 appointment letters were distributed. Appointment letters were provided today to all 1425 candidates selected for Constable District Police, Constable PAC/IRB (Pradeshik Armed Constabulary/Indian Reserve Battalion) and Fireman. Also, Chief Minister Dhami announced that the r
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How investors can make the most of the high FD rates by Bajaj Finance Fixe
Updated : 2 years, 9 months ago IST
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.
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