The Indian equity market exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. After a subdued start, the Nifty 50 index remained range-bound for most of the week, showing signs of fatigue. Selective buying in key heavyweights across sectors kept the sentiment positive. In the first week of August, investors will …
RBI Monetary Policy Announcement: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the second bi-monthly monetary policy of the financial year 2024-25. The RBI Governor said that the Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5 per cent for the eight consecutive time by a …
THE RESERVE Bank of India Friday left the repo rate — the rate at which it lends to banks — unchanged at 6.5 per cent on concerns over rise in food inflation, and revised upwards the real gross domestic product (GDP) growth projection for 2024-25 to 7.2 per cent. The central bank retained the FY25 …
Aspirational Goals for RBI@100 in a Multi-Year Time Frame: 1. Monetary Policy and Liquidity Management Positioning the Reserve Bank as Leader of the Global South Review of Monetary Policy Framework to address: Balancing price stability and economic growth from an Emerging Market Economy (EME) perspective; Refinements in monetary policy communication; and …
Aspirational Goals for RBI@100 in a Multi-Year Time Frame: 1. Monetary Policy and Liquidity Management Positioning the Reserve Bank as Leader of the Global South Review of Monetary Policy Framework to address: Balancing price stability and economic growth from an Emerging Market Economy (EME) perspective; Refinements in monetary policy communication; and …
07 Jun 2024, 10:14 AM IST RBI MPC Meeting Live: FY25 CPI inflation forecast retained at 4.5% RBI MPC Meeting Live: RBI retained CPI inflation forecast for FY25 at 4.5%. 07 Jun 2024, 10:13 AM IST RBI MPC Meeting Live: FY25 GDP growth forecast raised to 7.2% RBI MPC Meeting Live: RBI raised its GDP …
While maintaining the stance of “withdrawal of accommodation”, RBI Governor Shaktikanta Das highlighted that stance should be seen in the context of “incomplete transmission and inflation ruling above the target of 4% and our efforts to bring it back to the target on a durable basis.” The RBI governor reiterated its commitment to remain vigilant …
The National Payments Corporation of India (NPCI) has directed members to comply with the Reserve Bank of India’s (RBI’s) decision to increase the Unified Payment Interface (UPI) transaction limit to ₹5 lakh for hospitals and educational services by January 10. This means customers will be able to make payments up to ₹5 lakh via UPI …
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, December 22, highlighting that domestic food inflation unpredictability, and volatility in crude oil prices and financial markets in an uncertain international environment pose risks to the inflation outlook. Hence, the central bank’s monetary policy continues to remain …
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of …