Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance … Read more
Reserve Bank of India Mumbai: The Reserve Bank of India has received a threat email claiming that an improvised explosive device (IED) has been planted in its building in south Mumbai, a police official said on Friday. The message was sent to the official email address of the RBI Governor on Thursday following which the … Read more
Mumbai: The Reserve Bank of India and the Finance Ministry have been on “best terms with excellent coordination and cooperation” over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday. He said, “The perspectives of the central bank and the Finance Ministry may differ at certain times but … Read more
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 percent for the current fiscal, as against earlier projection of 7.2 per cent. The Reserve Bank of India (RBI) maintained the status quo on … Read more
Reserve Bank of India (RBI) Deputy Governor Rajeshwar Rao. File. | Photo Credit: Reuters Reserve Bank Deputy Governor M. Rajeshwar Rao on Saturday (December 7, 2024) pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was … Read more
Mumbai: The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been … Read more
Security Personnel passes by a logo of Reserve Bank of India outside RBI Headquarters in Mumbai on December 6, 2024. | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (December 6, 2024) proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI). UPI is an instant real-time payment … Read more
Last Updated:November 29, 2024, 17:30 IST India’s Q2 GDP Growth At 7-Quarter Low: The sharply lower than expected GDP figures reflects the highly disappointing corporate earnings data. India’s Q2 GDP data has been released. India’s Q2FY24 GDP growth number has come as a shocker. The seven-quarter-low economic growth of 5.4 per cent is far below … Read more
New Delhi: As the festive season saw robust growth in India across all parameters, credit card spending crossed Rs 2 lakh crore in October, a 14.5 per cent rise from September. According to the latest data by the Reserve Bank of India (RBI), credit card spending in October reached Rs 2.02 lakh crore, up 13 … Read more
New Delhi: The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025. This position of RBI Deputy Governor is for economists. The selected candidate would look after the Monetary Policy Department and would … Read more
