March 03, 2024 11:32 (IST)
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Market experts divided on RBI's choice to maintain key policy rate

New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.

RBI increases GDP growth forecast for FY24 to 7% amid geopolitical turmoil

Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.

RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh

New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.

Industry hails RBI's decision to keep key policy rate unchanged, continue withdrawal of accommodative stance

Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced it will maintain the repo rate at 6.5 percent for the fourth consecutive time.

RBI to test more use cases in the pilot of wholesale CBDC

Mumbai: The Reserve Bank of India will test more use cases in the pilot of wholesale central bank digital currency (CBDC), media reports said.

RBI Governor Shaktikanta Das rated top Central banker globally

New Delhi: Reserve Bank of India Governor Shaktikanta Das has been ranked the best Central banker globally with a rating of ‘A+’.

Central banks of India, UAE agree to link UPI systems, card payments

Abu Dhabi: The Central banks of India and UAE on Saturday inked agreements in Abu Dhabi to set up a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.

In relief for borrowers, RBI keeps repo rate unchanged at 6.5%

Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.

PM Modi congratulates RBI Governor Shaktikanta Das for ‘Governor of the year’ award

Prime Minister Narendra Modi Friday congratulated RBI Governor Shaktikanta Das for receiving the ‘Governor of the year’ award in the Central Banking Awards 2023.

Global economy likely to shrink but worst may be over: RBI Governor

New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.

'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.

Inflation is likely to follow downward trajectory in India: Shaktikanta Das

Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.

India's forex reserves grow after four weeks of decline

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.

Rupee finding its own course, forex reserves adequate: Nirmala Sitharaman dismisses opposition's concern over economic crisis

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.

Rupee holding up well compared to advanced, EME peers: RBI Guv

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.