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The meeting has been called under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, RBI said in a statement on Thursday.
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New Delhi: The three-day Reserve Bank of India’s monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation. In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked […]
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Mumbai: The country’s monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Reserve Bank of India’s Deputy Governor Michael D Patra said on Friday. Financial inclusion appears to have gone up, with the level of the RBI’s financial inclusion index rising from 49.9 in […]
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This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by M&M, Maruti, Bharti Airtel, Sun Pharma and NTPC.
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The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.
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Initial shock relays through the economy via various channels - labour markets weaker, household incomes lower.
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Keeping inflation at the epicentre of monetary policy is an assurance that it will not be allowed to go awry
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Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.
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Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics...
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Former RBI chief Raghuram Rajan opined that the government's target to make India a $5-trn economy by 2024-25 is more aspirational.
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The government last week moved to ban private cryptocurrencies.
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RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.
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The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.
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The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).
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UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.
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RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities
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RBI's six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative
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Time is nigh to transfer rural branches of PSU banks to their sponsored rural banks to achieve financial inclusion
