While it's a close call, we also think the policy stance will remain unchanged, even as the RBI sounds more confident than before about getting to its 4 per cent inflation target, the report said
The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June
The Indian rupee turned into the worst-performing Asian currency over the last month, pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local currency
The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at same level in its last seven bi-monthly monetary policy reviews
The move follows directions passed last month by the Securities Appellate Tribunal and an order issued in June by Sebi against the management
The six-member monetary policy committee (MPC), which includes three central bank officials and three external members, is recast every four years when the govt appoints a new set of external members
With a view to ensuring prudence and robustness, in the use of such models, RBI proposed to lay down certain broad regulatory principles which should be adopted by REs
These payment firms are collaborating with the RBI and the NPCI and are anticipated to introduce e-rupee access within the next three to four months, according to a Reuters report
According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review
At present, around 93 per cent of its business comes from the retail, agriculture, and micro, small and medium enterprise (MSME) sectors
Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities
Prescribes one-time measure for smoother transition to new regime
The rupee had declined to its all-time low of 83.7450 on Wednesday
44% of them expect to collect more than 50% of deposits through online modes
PTPFC knits data residing in various entities like governments, account aggregators, banks, credit information companies
The LCR level was 122 per cent in March 2024. As a part of liability management, the bank has sold down borrowing on excess Statutory Liquidity Ratio (SLR), Chand said
The central bank released a set of preliminary guidelines last month, including suggesting that banks will be required to allocate an additional 5 per cent reduction in the stability of retail deposit
On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation
All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules
Out of 820 million active internet users last year, 370 million used the web for digital banking