Tag: Reserve Bank of India

Indian benchmark equity indices Sensex and Nifty opened lower for the fifth consecutive session on Tuesday, dragged by banking and auto stocks, as weak global sentiment weighed on markets.The BSE Sensex was trading 207.95 points,...
US stock futures inched lower as investors digested President Donald Trump's announcement of 25% tariffs on global steel and aluminum imports. Futures attached to the S&P 500 (ES=F) slipped 0.2%, while...

India slashes income taxes and rates, but Modi govt has to convince investors

Prime Minister Narendra Modi is counting on a two-pronged stimulus of tax and interest rate cuts to turn around India’s slowing economy, but...

RBI starts deliberations on interest rate amid expectations of 25-bps cut

Days after the Union Budget, the Reserve Bank of India (RBI) on Wednesday started deliberations on the monetary policy amid expectations of a...

RBI to cut rates to 6.25% in February, followed by one more cut next quarter: Poll

The Reserve Bank of India (RBI) is set to cut its main policy rate on Feb. 7 followed by just one more cut...

India’s foreign exchange reserves hit 10 month low at $625 billion

NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as...

RBI predicts stronger economic growth in H2 FY25, driven by demand rebound and rural resilience

Kolkata: The second half of the current fiscal year would result in faster economic growth than a relatively circumspect first half, boosted by...

Ensure nominations in all accounts, lockers: RBI to banks

The Reserve Bank on Friday asked banks to ensure nominations in new and all existing customers' deposit accounts and safety lockers, highlighting that...

Reserve Bank of India rolls out steps to boost Rupee power overseas

The Reserve Bank of India (RBI) Thursday allowed banks to open rupee accounts at their overseas branches for people residing outside the country...

Rupee sees best single-day gain since June to close at 86.36 vs US dollar

The Indian Rupee strengthened 30 paise to close at 86.36/$1 on Wednesday, its best single-day gain since June 3, aided by a softer...

RBI Governor Sanjay Malhotra signals he’s open to more flexible rupee

India’s new central bank governor has shown a willingness to allow the rupee to move more freely in tandem with peers in the...

Dollar sales by private banks help Rupee recover from lifetime low

The rupee weakened to its lifetime intraday low on Thursday to 85.93 per dollar before closing at 85.848/$1, little changed from the previous...

New RBI governor seeks to improve forecasts, sources say

India's new central bank governor Sanjay Malhotra has initiated a review of the Reserve Bank of India's inflation and growth forecasting tools to...

India regulatory changes: Sea change in regulatory top deck this year

Mumbai: India's regulatory landscape could be set for further changes in key personnel, with the crucial role of central bank governor having just...

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