New Delhi: Prime Minister Narendra Modi is scheduled to embark on a visit to Uttar Pradesh and Odisha on Sunday. During the visit, he will witness the Indian Air Force’s aerial display at Namo Ghat in Varanasi and will inaugurate the Reserve Bank of India’s (RBI) Data Centre and Cybersecurity Training Institute in Bhubaneswar. PM.
Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said financial markets can often behave irrationally in the short term and suggested that several indicators point to the rupee being undervalued rather than overvalued. Speaking at the post-policy press conference following the Monetary Policy Committee’s (MPC) decision, Malhotra said market perceptions and.
Mumbai: Domestic equity benchmarks ended sharply higher on Tuesday as investors accumulated pharma, private banking and oil & gas stocks while awaiting the outcome of the Reserve Bank of India’s policy meeting. The Sensex rose 685.34 points, or 0.95 per cent, to settle at 73,067.81, while the Nifty advanced 220.35 points, or 0.98 per cent,.
The Reserve Bank of India has appointed Sudhakar Malli as Executive Director with effect from October 1. He will oversee the Department of Supervision (Supervisory Assessment).
A rate decision in Washington may sound far removed from an Indian household, but it can travel quickly through the rupee, bond market, bank funding costs and eventually interest rates. On September 16, the US Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75%-4%, its first hike since 2023..
Inflation figures for August are out. These are the highest figures ever, and it’s clear they will impact monetary policy. Looking at the inflation figures, fuel, along with other food items, became more expensive, pushing the retail inflation rate to 4.82%. Remember, these figures were recorded after the index’s base year was changed and a.
New Delhi: The Reserve Bank of India is expected to begin a rate-hike cycle as headline inflation and wholesale price inflation accelerate, with the policy repo likely to move closer to 6.5 per cent, a report said on Tuesday. Early Signs Of Policy Shift The report from Systematix Group states the early-October MPC meeting may.
Mumbai: India has become the fourth-largest holder of foreign exchange reserves in the world after the record surge in dollar inflows triggered by the Reserve Bank of India’s (RBI’s) foreign currency non-resident (bank) (FCNR(B) deposits scheme, according to data. With the $44.9 billion increase in its forex kitty to a record $785.7 billion during the.
New Delhi: The Reserve Bank of India (RBI) should implement a 25 basis-point rate hike by October, followed by another 25 bps in December, as rising global oil and commodity prices and early signs of inflation generalisation warrant pre-emptive action, a new report has said. The report from SBI Research said its call is “agnostic”.
New Delhi: The Reserve Bank of India (RBI) has approved state-owned insurer Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99 per cent of the paid-up share capital or voting rights in ICICI Bank, the private lender said in a regulatory filing on Saturday. ICICI Bank said it received.
The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB), and External Commercial Borrowings (ECB), launched on June 8, has driven an unprecedented surge in foreign exchange inflows into the country to the tune US $73 billion as on August 21, according to a Finance Ministry statement on Monday.
