NEW DELHI: As economic activities gather momentum and struggle to return to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is rebounding at a higher rate than most other predictions. The central bank’s monthly bulletin for December said that more evidence has emerged since the …
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NEW DELHI: A relentless flood of funds rushing into Indian markets may tip the central bank’s delicate balancing act in 2021. For most of this year, the Reserve Bank of India has limited exchange gains as global investors invested around $ 50 billion in stocks and shares in companies. This …
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MUMBAI / NEW DELHI: The Reserve Bank of India (RBI) on Friday celebrated stable interest rates, forecast a lower GDP contraction for the second half of the year, and strongly elevated inflation projections, stating that growth will return to positive territory in the third and fourth quarters of fiscal year …
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The Reserve Bank of India (RBI) left nothing to surprise today and investors have been comforted by a fairly firm policy stance. Monetary policy rates have remained intact, and even the stance has not changed in the face of various challenges that lie ahead. What Governor Shaktikanta Das did was …
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The Reserve Bank of India had to ask HDFC Bank to suspend the launch of digital businesses or the issuance of new credit cards due to the “overwhelming presence” of the lender, Governor Shaktikanta Das said on Friday. “You see, we cannot put together hundreds of thousands of customers who …
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MUMBAI: Clients will soon be able to transfer funds via real-time gross settlement (RTGS) which will be available 24 hours a day in the coming days, Reserve Bank of India (RBI) Governor Shaktikanta said on Friday. You give. “The RTGS system will soon go 24/7 in the next few days …
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The Reserve Bank of India on Friday revised the real GDP growth projection for 2020-21 from -9.5% to -7.5%. The central bank had estimated GDP to shrink 9.5 percent in its previous assessment in October. RBI’s bullish stance pushed Indian equities to record highs as BSE Sensex crossed the 45,000 …
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Maintaining the status quo for the third time in a row, the Reserve Bank of India decided on Friday to keep the benchmark interest rate unchanged at 4%, but maintained an accommodative stance, implying further rate cuts to come. if the need arises to support the economy hit by the …
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Mumbai: The Governor of the Reserve Bank of India, Shaktikanta Das, will announce the policy decision of the monetary policy committee on Friday at 10 am, followed by a press conference at 12 noon. Here are the 5 things to keep in mind. Qualify action: The MPC is likely to …
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MUMBAI: The Indian economy has shown a stronger rebound in recovery momentum than expected, said Reserve Bank of India governor Shaktikanta das Thursday. Addressing the 4th Annual Day of the Foreign Exchange Traders Association of India (FEDAI), he cited a normalization of activity at various speeds in Q2FY21, after the …
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