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Given the growth-inflation trade-off, Governor Das took the right call, particularly in the context of global slowdown
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The pause in the policy rate hike must be seen as a pragmatic move given the global uncertainty
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Governor Shaktikanta Das on Thursday said "it's a pause and not a pivot" about the Reserve Bank's surprise decision to hold the key policy rate
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World Bank said that economic growth is likely to be impacted due to sluggish consumption growth, coupled with challenging external factors
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Later this week, on Friday, too, the markets will be closed for Good Friday. Again, on April 14, markets will be shut for trade on account of Dr. Baba Saheb Ambedkar Jayanti.
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Reserve assets accounted for 64.3 per cent of India's international financial assets during the third quarter of 2022-23
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In a letter to all agency banks on Tuesday, the RBI said that all government transactions done by agency banks for 2022-23 must be accounted for within the same financial year.
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With country's focus riveted on Adani, none noticed an important development. India's Forex reserves hit an 11-week low, rupee traded in a thin range of 82.56 to 82.89 and exports declined.
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Taming an unregulated cryptocurrency market is possible only when countries can agree on a standard regulatory framework.
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Rate hike comes as a warning to the government that the economy is still not entirely out of the woods.
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The Governor made the announcement during a RBI Monetary Policy Committee meeting where the repo rate was hiked by 25 basis points to 6.5 per cent.
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With credit disbursals picking up and the RBI increasing its lending rates to the banks banks and others are now offering higher interest rates on fixed deposits.
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Growth data of domestic economy show optimism which will provide strong impetus too
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Foodgrain production in Telangana is estimated to have hit nearly 2.03 crore tonnes including paddy production of around 1.5 crore tonnes.
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Finance Minister T Harish Rao Directs them to return extra amounts within a month
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An inflation-targeting central bank like ours should have a credible inflation measure, and like every other key fiscal or monetary parameter, this too needs a check.
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The sharp measures outlined in the December MPC review clearly indicate that fight against inflation will continue.
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According to Chowdhury, the fall in retail inflation has been due to the quick drop in vegetable prices which is a seasonal phenomenon apart from the continuing softness in edible oil prices.
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Reddy said, "The instant loan app threatens to leak sensitive information and the government should take note of this as most of the apps are operated by Chinese companies. "
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In order to protect their people from investing in volatile cryptocurrencies, curb fake currency circulation, and reduce costs associated with physical cash management, countries across the globe are looking towards digital currencies.