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R.B.I.
No change in repo rate, GDP projected at 6.5% for FY24
Chennai : The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.The MPC decided to keep the repo rate the rate at…
After delivering 25 bps hike in repo rate, RBI to change its stance
Chennai : The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to change its stance after taking a guard against inflation by delivering a 25 basis points (bps) hike in the repo rate on April 6, said economists.…
RBI’s MPC hikes policy rate by 25 bps
Chennai : The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent. Wednesday's MPC meeting is the last one for this fiscal.
The repo rate is the rate at which…
Optimistic about growth, RBI says fundamentals of Indian economy sound
New Delhi : The fundamentals of the Indian economy, according to the RBI, are sound and resilient and it is confronting strong global headwinds. These are the views of the central bank's Financial Stability Report, which expressed optimism…
RBI hikes repo rate by 35bps, to continue battle against inflation
Chennai : The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation. The repo rate, also called the policy rate,…
As fraudsters get smarter, RBI, banks get busy plugging loopholes
New Delhi : Banking frauds have taken varied dimensions with the passage of time. With the advent of digital age and online transactions, however, fraudsters too have upgraded their skills and latched on to innovative methods to rob…
RBI aiming to de-dollarize global trade and the Indian economy
New Delhi : The RBI is aiming to de-dollarize global trade and the Indian economy, Motilal Oswal Financial Services said in a report.In another move aimed at supporting the currency, the RBI allowed international trade settlement in INR on…
RBI report contradicts Mamata Banerjee’s claim on development spending
Kolkata : In political rallies or administrative review meetings, the common talking point of West Bengal Chief Minister Mamata Banerjee is her claim of keeping social development projects, especially the ones related to women and farmers,…
RBI likely to get quite perturbed with inflation above 6% in three quarters
New Delhi : With inflation likely to exceed 6 per cent for three consecutive quarters, especially if energy prices remain elevated, the RBI is likely to get quite perturbed, Emkay Global Financial Services said in a report.With higher food…
Not necessary to activate ‘Counter-Cyclical Capital Buffer’: RBI
New Delhi : The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate 'Counter-Cyclical Capital Buffer' at this point in time. In financial parlance, the 'CCyB' applies on banks to promote sustainable provision of…