February 04, 2023 08:09 (IST)
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Hockey Men's World Cup 2023: India beat Japan 8-0 in classification match | Amid row, Kerala Congress screens controversial BBC documentary on PM Modi in Thiruvananthapuram | Republic Day Parade to showcase India’s indigenous military prowess, cultural diversity | Mulayam Singh Yadav, Zakir Hussain conferred Padma Vibhushan award | Dilip Mahalanabis, who pioneered ORS use, to be awarded Padma Vibhushan

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.

Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier

Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.

RBI hikes repo rate by 50 basis points

New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike  repo rate by 50 basis points to 4.90 percent.

RBI maintains status quo, keeps repo rate unchanged at 4 percent

Mumbai/UNI: 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.

Covid-related liquidity measures were introduced with sunset date: RBI Governor

Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.

RBI maintains status quo, keeps repo rate unchanged at 4 percent

New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.

RBI Guv Shaktikanta Das cautions depositors chasing high returns, interests

New Delhi/UNI: While terming the higher deposit insurance cover of Rs five lakh as an important milestone, Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors chasing higher returns.

RBI Governor asks banks to strengthen grievance redressal mechanism

Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.

Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das

Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.

RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth

Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.