Mumbai: As widely expected, the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis point to 5.40 per cent in a bid to tame inflation which has been above its comfort level for the past six months in a row.
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.
New Delhi: A few days after former RBI Governor Raghuram Rajan and ex-NITI Aayog Vice-Chairman Arvind Panagariya dismissed concerns over the possibility of India facing a Sri Lanka-like economic crisis, Finance Minister Nirmala Sitharaman Tuesday told Rajya Sabha the rupee's fall against the USD was not alarming and the unit has performed better than its peers.
Mumbai: Amid consistent depreciation of the rupee against the US dollar, Reserve Bank of India (RBI) Governor Shaktikanta Das Friday said that the Indian rupee has been holding up well compared to both advanced and EME (emerging market economies) peers.
Mumbai: Reserve Bank of India (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”
New Delhi/UNI: Amid continuing geo-political uncertainties and apprehensions of some of the major economies slipping into recession, industry body FICCI on Thursday projected the Indian economy to grow at seven percent in the FY 2022-23.
New Delhi: Sitharaman's statement on cryptocurrencies or Virtual Currencies (VCs) in Parliament was in response to a five-pointer question by Thirumavalavan, a member of Parliament from Tamil Nadu's Chidambaram.
Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.
New Delhi: India's June retail inflation dipped marginally to 7.01 percent in June to 7.04 percent in May, according to government data released on Tuesday, breaching Reserve Bank of India (RBI) target of 2 to 6 percent for six consecutive months.
Mumbai: The Reserve Bank of India (RBI) has given in-principle nod to RazorPay and Pine Labs among other payment gateways and fintech companies who had applied for payment aggregator licence.
The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.
Mumbai: Mastercard is back in the good books of the Reserve Bank of India (RBI) almost a year after the central bank imposed restrictions on its operations.
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.