RBI
- 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)…
- Business
Canara Bank raises benchmark lending rate by up to 0.15%
New Delhi: Canara Bank on Tuesday said it has hiked the benchmark MCLR by up to 0.15 percent, a move that will make loans costlier. The revised marginal cost of funds-based lending…
- Business
Credit growth outpaced deposit growth of banks in June: RBI
Chennai: Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022…
- Business
RBI lifts business curbs imposed on American Express Banking Corp
Mumbai: The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central…
- India
Freebies are never free; inform voters of its impact: RBI member
New Delhi: Freebies are never ‘free’ and when political parties offer such schemes, they must be required to make the financing and trade-offs clear to voters, RBI Monetary Policy Committee (MPC) Member…
- Business
Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC meet
Mumbai: RBI Governor Shaktikanta Das said the retail inflation is “unacceptably and uncomfortably” high and proposed the 50 basis points hike in repo rate at the recent monetary policy review meeting. The…
- Business
India’s forex reserves rises after 4 weeks of fall
Mumbai: India’s forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the…
- Business
Loan EMIs to rise as RBI increases repo rate by 50 bps
Mumbai: The EMIs on the loan will rise as the Reserve Bank of India (RBI) on Friday hiked the repo rate by 50 basis points to 5.40 percent to contain inflation. Several…
- India
Indian economy is an island of financial stability: RBI Governor
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the country’s economy is an island of stability despite two Black Swan events and multiple shocks. “In an ocean of high…
