RBI to launch pilot project on QR code-based coin vending machines
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
RBI to announce first monetary policy of 2023 on Feb 8
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
RBI's reschedules Aug MPC meeting due to 'administrative exigencies'
Mumbai: Reserve Bank of India (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”
Financial markets slide amid fears of global recession
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.
US stock indexes tumble as Fed's monetary policy tightening fans recession fears
US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.
RBI policy rate hike: Experts react
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
RBI hikes repo rate by 40 bps to 4.4 pc
Mumbai: Reserve Bank of India (RBI) Wednesday raised key interest rate by 40 basis points to 4.40 per cent with immediate effect.
Experts laud RBI's move to address inflationary pressures while balancing growth
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore
Mumbai/IBNS: Reserve Bank of India will conduct another three day Variable Rate Reverse Repo (VRRR) auction next week in order to draw out up to Rs 2,00,000 crore.
Banks, business community laud RBI's accommodative stance on repo rate
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).