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
Mumbai: The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.06 against the US dollar in initial deals on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee is likely to trade in a narrow range during the day as the … Read more
New Delhi: In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 percent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist. Pradip Bhuyan from the Reserve Bank’s department … Read more
New Delhi: The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data, India RBI MPC meeting minutes, US initial jobless claims, FII activities and quarterly results, according to the experts. Between October 21 and 25, … Read more
As Indian financial markets begin to prepare for a new and comprehensive overnight benchmark interest rate, the process may finally culminate in the establishment of a new trading platform, similar to the one that ushered in reforms in local interest rate derivatives markets nine years ago. Earlier this month, the RBI released the report of … Read more
Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday (October 11, 2024). In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. For … Read more
After the Public Accounts Committee summoned Sebi chief Madhabi Puri Buch on Friday, the Parliamentary Standing Committee on Finance has also decided to hold discussions with her and other financial sector regulators. This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by 24 MPs who are its … Read more
New Delhi: The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements. The broader market’s focus will be on the RBI’s Monetary Policy Committee (MPC), which … Read more
New Delhi: Amid suggestions for excluding food inflation while setting benchmark interest rates, former RBI Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it would erode the ‘great faith’ of people in the central bank, which has been mandated by the government to keep inflation in check. … Read more
Sep 29, 2024 08:42 PM IST Try to solve the questions to understand your strengths and weaknesses so that you can work on them and be prepared for exams. By reading newspapers and going through various news websites for an overall awareness of the latest developments, candidates can be confident of attempting questions related to … Read more
