Tag: Shaktikanta Das

Why stock market is up today: 4 key factors behind today’s rally; Sensex surges 650 pts, Nifty above 23,350

Stocks
Indian benchmark indices, Nifty50 and Sensex, surged on Friday, rebounding from a weak start, driven by attractive large-cap valuations and renewed optimism over easing foreign selling.The BSE Sensex climbed 665 points, or 0.87%, to 77,013,...

India’s $23 billion plan to rival China factories to lapse after it disappoints

Economy
Indian Prime Minister Narendra Modi's government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to...

Revenue secretary Sanjay Malhotra to be next RBI governor

Business
Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as...

IITian at RBI’s helm: What awaits Sanjay Malhotra at Central bank

Economy
After Shaktikanta Das, another finance ministry bureaucrat has been appointed as the governor of the Reserve Bank of India (RBI). Revenue Secretary Sanjay...

The CRR cut now may deliver more than lower rates

Economy
Former Federal Reserve Chairman Ben Bernanke has a nickname: 'Helicopter Ben.'This he acquired not because he threw currency bills from the helicopter literally,...

RBI Monetary Policy: CRR cut to free up Rs 1.16 lakh crore

Economy
Mumbai: The Reserve Bank of India's monetary policy committee delivered a cut in the cash reserve ratio (CRR) by 50 basis points to...

India’s forex reserves rise to $658.09 billion ending consecutive weeks of decline | India Business News

Business
India's forex reserves rise to $658.09 billion NEW DELHI: India's foreign exchange reserves increased by $1.51 billion to $658.09 billion in the...

RBI provides relief to small farmers in latest MPC meet, collateral free agricultural loan limit increased to Rs 2 lakh

Economy
Reserve Bank of India Governor Shaktikanta Das on Friday said that it has been decided to increase the limit for collateral free agricultural...

RBI on tricky terrain of high inflation and slowing growth

Economy
Mumbai: December 11, 10 am. The person in the 18th floor corner room of the central bank's Mint Street Tower would have to...

Forex reserves record biggest weekly drop as RBI moves to support Rupee

Economy
MUMBAI: India's foreign-exchange stockpile shrank the most on record last week, surpassing the absolute decline last seen during the peak of the global...

Stable inflation is important to sustain growth: RBI Guv Das

Economy
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the central bank remains committed to realigning inflation with the legally...

RBI may defer rate cut call to February as inflation’s still hot

Economy
India's central bank is likely to defer a decision on slashing rates to at least February, economists said, illustrating the risks posed by...

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Economy
Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September,...

Quite risky to cut rates at this stage: RBI Guv Shaktikanta Das

Economy
MUMBAI: Any move to cut interest rates right now would be hasty and potentially fraught with risk as inflation remains above target and...
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