[ad_1] The Reserve Bank of India’s key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid […]
Tag: RBI
Banks cautious as RBI likely to up rates today
[ad_1] That the Monetary Policy Committee (MPC) of the Reserve Bank of India will announce an increase in interest rates on June 8 is a given. However, the MPC resolution […]
HDFC Bank hikes lending rates by 0.35%; 2nd hike in two months
[ad_1] The hike, which comes a day ahead of the RBI’s scheduled policy review, is the second such move from the lender in as many months, taking the cumulative hike […]
RBI rejects claims of replacing Gandhi’s face with Tagore, Kalam in banknotes
[ad_1] Written by Sharangee Dutta | Edited by Aryan Prakash, New Delhi The Reserve Bank of India (RBI) on Monday dismissed reports of Mahatma Gandhi’s picture being replaced with other […]
Another RBI rate hike on cards, warn experts, as inflation sees no ease: Report
[ad_1] With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, […]
FY23 consumer inflation likely to hit 7.5%, shoot past RBI ceiling of 6%: Report
[ad_1] The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for […]
Indian rupee hits record low, market watches for RBI’s intervention
[ad_1] The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains in the U.S. currency alongside weakening in offshore markets, with […]
RBI, govt likely to tighten policies to curb inflation
[ad_1] NEW DELHI: With swelling inflation the biggest worry for the Indian economy at the moment, the Reserve Bank of India (RBI) may further tighten the money supply and the […]
Number Theory: A challenging phase for India’s inflation targeting framework
[ad_1] On May 4, the Monetary Policy Committee (MPC) of the Reserve Bank of India announced an unscheduled hike in the policy rate and increased the deposits banks need to […]
RBI shocks markets with lending rate hike before US Federal Reserve’s decision
[ad_1] India’s central bank raised its key interest rate and moved to drain liquidity from the banking system in a surprise move Wednesday, sending bonds and stocks crashing, as it […]
RBI raises repo rate by 40 basis points as inflation bites
[ad_1] NEW DELHI: In a bid to tame the rising inflation in the country, the Reserve Bank of India (RBI) has decided to raise the repo rate by 40 basis […]
Sensex crashes by over 1,200 points on RBI’s surprise repo rate hike
[ad_1] Equity markets fell sharply in late afternoon trade on Wednesday, with the Sensex crashing over 1,200 points after the Reserve Bank increased the benchmark lending rate to 4.40 per […]
RBI hikes repo rate to 4.0% in a surprise move, EMIs likely to go up
[ad_1] Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday announced that Monetary Policy Committee (MPC), in an unscheduled policy review with a view to contain inflation, voted unanimously […]
RBI to hike repo rate in June to tackle rising inflation: Report
[ad_1] The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in […]
RBI deploys some less-noticed smart moves to head off geopolitical risks
[ad_1] NEW DELHI: The economic skies are clearly overcast, clouded by the tensions in Europe. India faces the prospects of lower growth and higher inflation than previously estimated, according to […]
Four charts that explain why the MPC is worried about the Indian economy
[ad_1] The Monetary Policy Committee (MPC) of RBI finished its three-day long on April 8. The MPC resolution paints a grim picture of the Indian economy. Going forward, MPC sees […]
Card-less cash withdrawal to be made available at all ATMs: RBI
[ad_1] Under the card-less cash withdrawal facility, a customer is not required to use his/her debit or credit cards while withdrawing cash from ATMs. The Reserve Bank of India (RBI) […]
RBI keeps key lending rate unchanged, real GDP growth projected at 7.2%
[ad_1] In the first monetary policy of the new financial year, the RBI has kept the repo rate – or the key lending rate – unchanged. “The Monetary Policy Committee […]
RBI’s growth-inflation balance to get tougher
[ad_1] On April 6, the monetary policy committee (MPC) of the Reserve Bank of India will begin its meeting to deliberate on the course of interest rates and other aspects […]
8 years ago, an RBI notification had triggered possible HDFC twins merger talks
[ad_1] Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term […]