Tag: Reserve Bank of India

Central banks may scale back gold purchases in 2024, reports World Gold Council

Economy
Central banks may buy less gold in 2024 compared to 2023, when they had bought 1,037 tonnes of gold, according to a World...

rate cut: New MPC members may have least one favouring a cut, say economists

Economy
India's newly-appointed monetary policy committee members may see at least one dissenter calling for a rate cut when the group meets next week,...

Newly reconstituted MPC with 3 new members to begin maiden meeting on Monday

Economy
Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external members will commence its maiden meeting on...

CAD widens marginally on widening trade deficit

Economy
India's current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the...

Fossil fuel dominance in electricity generation to end by 2030, renewable to cross 50% share: RBI

Business
NEW DELHI: Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve...

Forex reserves rise $2.8 billion to a new high of $692.3 billion

Economy
Mumbai: The Reserve Bank of India's foreign exchange reserves rose to a fresh high of $692.3 billion in the week ended September 20,...

Central govt to issue Rs 20,000 crore ‘Sovereign Green Bonds’ in four tranches in FY25

Business
NEW DELHI: The Finance Ministry on Friday said that the central government plans to accumulate Rs 20,000 crores by introducing the...

India, Myanmar discuss ways to promote trade through local currencies

Economy
India and Myanmar on Saturday discussed ways to promote bilateral trade through their local currencies rupee and kyat. The issue was discussed...

Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee with $689 billion in reserves

Business
Reserve Bank of India chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing...
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