The Reserve Bank of India has warned lenders against "all forms of exuberance" due to worries about the rising risks
The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent
Banks are unlikely to adjust their lending rates soon, meaning your EMI will stay the same for now
RBI Monetary Policy Committee meeting LIVE updates: Economists expect the central bank to maintain the repo rate at 6.5 per cent for the eighth consecutive time
All you need to know before the market opens on Friday, June 07: Global markets traded with marginal gains. Shares of auto, bank and realty companies to be in focus owing to the RBI policy today.
The RBI has repurchased a total of Rs 24,979 crore worth of securities in four auctions, against a total notified amount of Rs 1.7 trillion
Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots
RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7
All you need to know before market opens on Thursday, June 06: The S&P 500 and Nasdaq hit new highs on Fed rate cut hopes; Back home, RBI policy meeting, Nifty weekly expiry to guide market sentiment.
The MPC last changed rates in February 2023, when the policy rate was hiked to 6.5%
Panel chaired by former RBI deputy governor to suggest alternatives to ensure capital needs of clearing corporations
India, when compared to the US, has been rather boring, albeit in a good way. In contrast to the volatility in the US markets and macro data, India has been a beacon of stability
The data for the fourth quarter takes FY24's GDP growth to 8.2 per cent Y-o-Y, which is 0.4 percentage points higher than our projected estimate for the year
Market refuses to pay greenium; rupee falls to 2-week low on poll jitters
New Delhi will raise Rs 29,000 crore ($3.48 billion) through the sale of bonds later in the day and the auction includes a new five-year paper worth Rs 12,000 crore
With near-8 per cent growth, the fastest among major world economies, and above-trend inflation there is also little urgency for the RBI to begin cutting rates unless concerns emerge about a slowdown
The increase in the share of the Rs 500 note coincides with the declining share of the Rs 2000 note, which was only 0.2 per cent at the end of FY23
Since 2020, the RBI has placed business restrictions on many players
India's GDP growth is robust on the back of solid investment demand which is supported by healthy balance sheets of banks and corporates, the government's focus on capital expenditure and prudent monetary, regulatory and fiscal policies, the RBI said on Thursday. The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. Indian economy, the report said, is well-placed to step up growth trajectory over the next decade in an environment of macroeconomic and financial stability. "As headline inflation eases towards the target, it will spur consumption demand especially in rural areas," it said. It further said the external sector's strength and buffers in the form of foreign exchange reserves will insulate domestic economic activity from global spillovers. The report, however, added that geopolitical tensions, geoeconomic fragmentation, global financial market volatility, internation
The government's fiscal position is expected to strengthen after a better-than-estimated dividend transfer and could further reduce some supply pressure