Tag: Reserve Bank of India

RBI governor Shaktikanta Das: Rate cut now is very risky

Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering...

NBFCs: RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

As Reserve Bank of India (RBI) on Thursday sought action against four Non Banking Financial Companies asking them to cease and desist from...

Inflation: Food on boil, retail inflation hits nine-month high of 5.5%

India’s retail inflation surged to a nine-month high of 5.5% in September, driven by higher food inflation and an unfavourable base effect, official...

Currency Swap Agreement: RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap window

The Reserve Bank of India on Monday entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency...

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

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

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

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

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

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

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

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

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

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