RBI
- India
Inflation set to ease, though stubbornly: RBI bulletin
New Delhi: The Reserve Bank of India (RBI) has expressed optimism that headline inflation is set to ease from its September high, albeit stubbornly, on the back of easing momentum and favourable…
- India
Inflation ‘manageable’ at 7.4 percent, love to see it down to 4 percent: Sitharaman
Washington: Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 percent in India, is “at a manageable level” compared to where some other countries are at…
- Business
RBI to tell govt why it failed to check inflation since Jan
New Delhi: With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the…
- India
SC to examine 2016’s demonetisation, seeks affidavits from Centre, RBI
Delhi: The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision and also keep the files ready in connection with Centre’s letter…
- India
RBI looking at phased implementation strategy to launch digital currency
New Delhi: The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC). It has made this observation in a concept note…
- Business
RBI rate hike on expected line, says Kerala Inc
Kochi: Leading industrialists and bankers in Kerala have welcomed the rate hike decision taken by the Reserve Bank of India’s Monetary Policy Committee (MPC), as they say these measures are timely and…
- Business
EMIs to rise as RBI hikes interest rate again
Mumbai: Home, auto and other loan EMIs are set to rise further after the RBI on Friday raised the key interest rate by 50 basis points, the fourth straight increase since May,…
- India
RBI hikes repo rate to fight high inflation
Mumbai: Reserve Bank of India’s Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 percent. Explaining the rationale behind the policy,…
- Business
RBI fighting a lost INR battle, say analysts
New Delhi: A stronger USD would imply higher global inflation exported by the US, lower global trade, cry for reverse FX wars, and pressure on equities and emerging markets assets, Emkay Global…
- India
RBI set for fourth straight rate hike to quell inflation, say experts
Mumbai: The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rates for the fourth time in a row on Friday to…
- India
India’s forex reserves hit near 2-year low
Mumbai: India’s foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India’s data showed on Friday. In the previous week…
- Business
RBI ready to bring card tokenisation norms into effect from Oct 1
Mumbai: The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit…
- Business
RBI article favours frontloading of monetary policy actions to tame inflation
Mumbai: An RBI article on Friday favoured frontloading of monetary policy actions, such as interest rate hikes, to contain inflationary pressures without sacrificing medium-term economic growth prospects. The article titled ‘State of the…
- Business
RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
Mumbai: The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to…
- India
India’s forex reserves hit the lowest level in 23 months
Mumbai: India’s foreign exchange (forex) reserves slumped by $7.941 billion to $553.105 billion for the week ended September 2, the lowest level in almost two years, the Reserve Bank of India (RBI)…
