Mumbai: The Reserve Bank of India announced on Friday that it is carrying out a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore with a 7-day tenor to absorb excess, durable liquidity from the banking system. The date of reversal is April 17. Purpose of VRRR and Liquidity Management The VRRR is.
Abhishek Vij The Reserve Bank of India announces the country’s monetary policy every two months. Along with the announcement of the new monetary policy, the Reserve Bank presented its assessment for the current financial year 2025-26. The country’s monetary policy has been announced based on the status quo. The most important is the repo rate..
India's foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.
Mumbai: Paytm on Friday clarified to the Indian bourses that any impact from the conclusion of the RBIās Payment Infrastructure Development Fund (PIDF) scheme is expected to be offset over time through revenue growth and more targeted sales efforts. PIDF Incentive Income and Company Clarification In a filing to stock exchanges, One 97 Communications Ltd,.
New Delhi: Despite an uncertain and challenging global economic backdrop, the Indian economy continues to grow strongly, underpinned by robust domestic demand, benign inflation, and prudent macroeconomic policies, the Reserve Bank of India (RBI) has said. Financial System Stable, External Risks Persist The domestic financial system remains robust and resilient, bolstered by strong balance sheets,.
India's foreign exchange reserves increased by $1.689 billion to reach $688.94 billion for the week ended December 12, the Reserve Bank of India (RBI) said on Friday.
New Delhi: The Reserve Bank of Indiaās (RBI) latest decision to cut the repo rate has been welcomed by leading bankers and economists, who believe the move uses the āextra spaceā created by low inflation to boost spending and support Indiaās growth cycle. The central bankās step is seen as a timely push at a.
Mumbai: The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions. āFor months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for.
New Delhi: A new Crisil report has projected Indiaās gross domestic product (GDP) growth to remain steady at 6.5 per cent in FY26, with some downside risks owing to external factors. Export growth is expected to be a drag on GDP growth, given the imposition of 50 per cent tariffs on India by the US.
