India appoints three new members to RBI's Monetary Policy Committee
Oct 02, 2024, at 03:23 am
New Delhi: The government has appointed Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as the new external members of the Reserve Bank of India's Monetary Policy Committee (MPC), according to a government statement released on Tuesday.
RBI keeps lending rate unchanged at 6.5%
Jun 07, 2024, at 03:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.
RBI keeps repo rate unchanged in line with market expectations
Apr 06, 2024, at 04:54 am
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
US Federal Reserve keeps key rates unchanged in a unanimous decision
Nov 02, 2023, at 06:59 am
Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
RBI's Monetary Policy Committee likely to keep repo rate steady at 6.50%: Report
Oct 04, 2023, at 06:33 am
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
RBI’s policy hawkish to the rising inflationary risks: HDFC treasury research
Aug 10, 2023, at 11:51 pm
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
RBI to launch pilot project on QR code-based coin vending machines
Feb 09, 2023, at 07:52 am
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
RBI to announce first monetary policy of 2023 on Feb 8
Feb 08, 2023, at 06:59 am
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
Nov 13, 2022, at 07:33 pm
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
RBI's reschedules Aug MPC meeting due to 'administrative exigencies'
Jul 21, 2022, at 11:45 pm
Mumbai: Reserve Bank of India (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”
Financial markets slide amid fears of global recession
Jun 19, 2022, at 08:09 am
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.
US stock indexes tumble as Fed's monetary policy tightening fans recession fears
Jun 17, 2022, at 06:01 am
US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.
RBI policy rate hike: Experts react
Jun 08, 2022, at 09:03 pm
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
RBI hikes repo rate by 40 bps to 4.4 pc
May 04, 2022, at 08:39 pm
Mumbai: Reserve Bank of India (RBI) Wednesday raised key interest rate by 40 basis points to 4.40 per cent with immediate effect.
Experts laud RBI's move to address inflationary pressures while balancing growth
Apr 08, 2022, at 11:32 pm
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Feb 10, 2022, at 06:52 am
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Feb 08, 2022, at 11:55 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
Feb 04, 2022, at 06:36 am
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore
Dec 25, 2021, at 05:46 am
Mumbai/IBNS: Reserve Bank of India will conduct another three day Variable Rate Reverse Repo (VRRR) auction next week in order to draw out up to Rs 2,00,000 crore.
Banks, business community laud RBI's accommodative stance on repo rate
Oct 08, 2021, at 11:18 pm
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
Aug 06, 2021, at 10:43 pm
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Aug 06, 2021, at 09:42 pm
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
RBI to announce Monetary Policy on Oct 9
Oct 07, 2020, at 04:39 am
Mumbai/IBNS: The Reserve Bank of India (RBI) will announce monetary policy on October 9.
Wholesale inflation increases 0.58% in November
Dec 16, 2019, at 12:57 pm
New Delhi/IBNS: The wholesale inflation jumped 0.58% in November, government data released on Monday revealed.