India appoints three new members to RBI's Monetary Policy Committee
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%
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
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
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
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
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
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
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
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'
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
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
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
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
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
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.