Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced CBDCs can kill crypto prospects
External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021
Says have entered another phase of 'coordinated action' between fiscal and monetary authorities
The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.
India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.
The MPC 's external member Jayanth R Varma opined that more than 100 basis points of rate increases needs to be carried out very soon
The central bank hiked its repo rate by 40 basis points (bps) to 4.40 per cent following an emergency meeting earlier this month
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month.
The government's request could complicate the RBI's policy of withdrawing liquidity from the market, which marks a shift away from an ultra-loose monetary stance.
Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or staggered over the next two meetings?
Cost of borrowing to go up; analysts say robust tax revenues crucial
Growth forecast was cut to 7.2 per cent, from 7.8 per cent for FY23. Both forecasts were made assuming crude oil prices at $100/bbl
BOB withdraws interest rebates for home, car loans
"You should look at this measure as when it gets tough, RBI stands alone now," a source said
How will RBI's rate hike impact the economy? Will pile-up at Shanghai port affect white goods supply? What will the markets react after RBI's rate hike? What is stock consolidation? Answers here
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out
The hike in repo rate by 40 basis points and a 50 bps hike in the CRR by the RBI took investors by surprise. With the RBI getting hawkish, here's what the road ahead looks like for the markets
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark