The move comes as the monetary authority has been using its foreign-exchange reserves to slow the pace of the drop in the rupee
RBI MPC: Governor Shaktikanta Das dodges term question with a smile, focuses on policy
Step will 'further deepen financial inclusion and enhance formal credit', says central bank
Das said the rupee has depreciated by 1.3 per cent mainly on strengthening of the US dollar
Monetary Policy Committee keeps repo rate unchanged at 6.50% for the eleventh consecutive review
The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation
Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know
MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut
RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here
Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund
Nomura noted that high prices were concentrated in a few items, including food, rather than being broad-based, and that inflation excluding vegetables and other volatile items was still subdued
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In January 2020, Sebi and the Reserve Bank of India had undertaken a joint inspection of Brickwork, where the two regulators found "several irregularities"
SBI had also started announcing a special drive on inoperative accounts over the weekend
Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses
Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI
MSMEs led by women underserved in borrowing system, says Swaminathan J in speech
The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures
Market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth