In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion
On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be released on August 11, Gour said
"As per the data submitted by the bank, 99.98 per cent of the depositors are entitled to receive full amount of their deposits from DICGC," RBI said
RBI announced the incremental CRR requirement for banks after the conclusion of its MPC meeting on August 10
The 10-year Indian government bond yield closed at 7.19 per cent on Friday, up from last week’s closing at 7.16 per cent.
The reserves have been declining as RBI deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Of the total, the major component of foreign currency assets increased by USD 989 million to...
Market participants and businesses will closely observe the governor's overall tone
RBI Governor Shaktikanta Das said India’s macroeconomic fundamentals are strengthening and growth prospects are steadily improving and becoming broad-based
Emerging Markets and Developing Economies (EMDEs) need to leverage the potential of the services sector to drive productivity growth, RBI deputy governor MD...
The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, CREDAI National President...
The Reserve Bank's annual report flagged slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility as...
RBI Governor Shaktikanta Das said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency...
Speaking at an event organised by the industry chamber CII, Governor Shaktikanta Das said there is a suggestion that RBI will take a pause in the coming...
The RBI has raised rates by a cumulative 2.50 percentage points since last May before opting for the pause due to persistently high inflation, which has...
MPC member and RBI Deputy Governor Michael Debabrata Patra said that an ongoing assessment of the macroeconomic outlook should inform a preparedness to...
RBI monetary policy committee member Jayanth R Varma said, "India's economic growth appears to be 'very fragile' and it may fall short of what the country...
In January, retail inflation breached the Reserve Bank's upper tolerance level of 6 per cent after two months of deceleration
Reserve Bank of India Governor Shaktikanta Das has said that inbound travellers to India will now be permitted to access UPI for their merchant payments while...
The government’s Economic Survey 2022-23 has important outlook on monetary policy transmission and how the Reserve Bank of India’s hike in repo rate...
The RBI has hiked key benchmark lending rate by 50 basis points (bps) thrice since June over and above an off-cycle 40 bps increase in the repo in May
On September 30, the six-member Monetary Policy Committee (MPC), headed by Das, had raised the short-term lending rate for the third consecutive time by 50...
Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, said that monetary policy has tightened in India,...
The Reserve Bank of India could raise the repo rate by another 35 basis points in December 2022, but beyond that there is unlikely to be another major hike,...
Benchmark interest rate hiked by 50 basis points to 3-year high at 5.90
Interest rate sensitive Financial Services, Private Bank, Realty, Auto and Bank indices were also trading lower ahead of RBI's interest rate decision
