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Task cut out for MPC after Budget's consumption boost as RBI decision nears

But monetary policy decisions are complex and there is merit in assessing the "right time" while weighing the cost and benefits of such moves

Task cut out for MPC after Budget's consumption boost as RBI decision nears
Updated On : 03 Feb 2025 | 11:52 PM IST

Experts see change of tack in Reserve Bank of India's liquidity handling

They say central bank is focused on durable relief rather than ad hoc support

Experts see change of tack in Reserve Bank of India's liquidity handling
Updated On : 28 Jan 2025 | 11:32 PM IST

Yellow metal: Maintain allocation; tariff battles may sustain bull run

"Central banks usually purchase about 400 tonnes of gold annually. However, in 2022 and 2023, they bought over 1,000 tonnes each year," says Vikram Dhawan

Yellow metal: Maintain allocation; tariff battles may sustain bull run
Updated On : 27 Jan 2025 | 10:37 PM IST

Pakistan's central bank cuts key interest rate by 100 basis points to 12%

Pakistan's economy grew 0.92 per cent in the first quarter of fiscal 2024-25 which ends in June, according to data approved by the National Accounts Committee, released by its Statistics Bureau in Dec

Pakistan's central bank cuts key interest rate by 100 basis points to 12%
Updated On : 27 Jan 2025 | 5:20 PM IST

Govt likely to conduct interviews for RBI deputy governor next week

Government panel consisting of RBI governor, Cabinet secy, DFS secy to interview candidates

Govt likely to conduct interviews for RBI deputy governor next week
Updated On : 10 Jan 2025 | 11:30 PM IST

The 24 hours of rate cuts that end year of global central-bank easing

By Friday, 22 central banks accounting for two-fifths of the global economy will have set borrowing cost

The 24 hours of rate cuts that end year of global central-bank easing
Updated On : 15 Dec 2024 | 11:50 PM IST

An open letter to the RBI Governor: On growth, inflation, rupee challenges

You have come at a time when the growth-inflation dynamics is changing and the rupee is under pressure

An open letter to the RBI Governor: On growth, inflation, rupee challenges
Updated On : 15 Dec 2024 | 5:02 PM IST

UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent

UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging
Updated On : 04 Dec 2024 | 12:30 PM IST

ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit

BS BFSI Summit: RBI is actively working to link UPI with other countries, aiming for global acceptance that would allow Indians abroad to make payments using UPI, said RBI Deputy Governor

ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit
Updated On : 11 Nov 2024 | 4:56 PM IST

Reserve Bank of India net sold $6.5 billion in August, shows data

The central bank had recorded a net purchase of $6.93 billion in the spot market in July

Reserve Bank of India net sold $6.5 billion in August, shows data
Updated On : 21 Oct 2024 | 11:24 PM IST

ECB at risk of becoming too restrictive, cuts interest rates: Cipollone

"The data so far confirms our direction of travel and I hope that they will allow us to continue to be less restrictive," Cipollone told Le Monde in an interview

ECB at risk of becoming too restrictive, cuts interest rates: Cipollone
Updated On : 04 Sep 2024 | 1:01 PM IST

Pak to experiment by redesigning currency notes made of polymer plastic

Pakistan's central bank will experiment with a new polymer plastic currency banknote later this year while redesigning all the existing banknotes for enhanced security and hologram features. State Bank of Pakistan Governor Jameel Ahmed told a Senate committee on banking and finance in Islamabad that all the existing paper currency notes are being redesigned with new security features by December this year. Ahmed said the newly redesigned banknotes in the denominations of Rs 10, 50, 100, 500, 1000 and 5000 would be issued in December. The old notes would remain in circulation for five years being eased out of the market by the central bank, a source close to the committee said. The State Bank governor also informed the Senate committee members that a new polymer plastic bank note would be issued in one denomination for the public and if it is received well, plastic currency would follow in other denominations. Presently around 40 countries use polymer plastic banknotes which are ha

Pak to experiment by redesigning currency notes made of polymer plastic
Updated On : 24 Aug 2024 | 12:00 PM IST

'India, Russia central banks renew talks to expand local currency trade'

The discussions between the two central banks involve setting a reference rate between two local currencies for trade instead of determining the value of currencies against the US dollar

'India, Russia central banks renew talks to expand local currency trade'
Updated On : 14 Aug 2024 | 9:19 PM IST

RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis

During crises, CBDCs could be perceived as a safe haven, rendering uninsured bank deposits more prone to withdrawal and increasing risk of bank runs, says Patra

RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis
Updated On : 13 Aug 2024 | 10:54 PM IST

Bangladesh's central bank Governor Abdur Talukder resigns amid protests

Talukder stepped down Friday and cited personal reasons for this departure

Bangladesh's central bank Governor Abdur Talukder resigns amid protests
Updated On : 10 Aug 2024 | 1:03 PM IST

CBDC retail pilot customers grow to 5 million till June 2024: RBI report

India is among 36 countries where the CBDC is currently in the pilot stage. RBI started the CBDC pilot during the end of 2022

CBDC retail pilot customers grow to 5 million till June 2024: RBI report
Updated On : 29 Jul 2024 | 7:36 PM IST

Russia's Central Bank raises key interest rate to 18% as inflation soars

Russia's Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing significantly above its forecast. Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services, the bank said in a statement. For inflation to begin decreasing again, monetary policy needs to be tightened further. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as a result of geopolitical tensions, a reference to Western sanctions against Russia over its action in Ukraine. It said annual inflation grew from 8.6% in June to 9.0% in July, reflecting an increase in utility costs that took effect starting this month. The bank revised the inflat

Russia's Central Bank raises key interest rate to 18% as inflation soars
Updated On : 26 Jul 2024 | 7:03 PM IST

Banks' loans rise 19.2% in 2 weeks to June 14, deposits up 12.6%: RBI

Outstanding loans fell Rs 716.02 billion ($8.59 billion) to Rs 167.11 trillion in the two weeks to June 14

Banks' loans rise 19.2% in 2 weeks to June 14, deposits up 12.6%: RBI
Updated On : 28 Jun 2024 | 6:19 PM IST

In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve

A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all

In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve
Updated On : 09 Jun 2024 | 7:32 AM IST

Nifty PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12%

India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.

Nifty PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12%
Updated On : 03 Jun 2024 | 1:40 PM IST