RBI RATES
RBI aims to get inflation down to 4%, don't expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.
02 Jul, 2024, 10.25 PM ISTRBI Floating Rate Savings Bond interest for July-December 2024 announced: What is the latest interest rate, when will you get it? RBI Floating Rate Savings Bond interest rate announced: The Reserve Bank of India has notified the interest rate of RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable) from July 1 to December 31 2024. As the name suggests, the interest rate of RBI ...
01 Jul, 2024, 04.37 PM ISTBudget 2024: A look at how India’s inflation panned out within a year before Sitharaman’s key announcements Budget 2024 India Inflation Rate | Finance Minister Nirmala Sitharaman is set to unveil Budget 2024 amid a focus on India's inflation, a pivotal concern. With inflation easing to a 12-month low of 4.75% in May, the RBI aims for a sustainable 4% targ...
01 Jul, 2024, 12.57 PM IST- ADVERTISEMENT
India can grow at 8 pc if inflation keeps falling: Ashima Goyal, an external member of MPC Ashima Goyal, an external member of the Monetary Policy Committee, emphasized the potential for India's economy to grow at 8% if the nominal repo rate falls in line with declining inflation. The Reserve Bank of India has projected a GDP growth of 7....
24 Jun, 2024, 12.00 AM ISTIndia may reduce rates before US Federal Reserve does RBI Governor Shaktikanta Das on Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada an...
11 Jun, 2024, 12.16 AM ISTNo rate cut seen in August either, but enough signs of a shift in stance In the normal course of events, the rising dissent in the MPC should have led to more joining the camp of rate cut seekers as data turns benign. Inflation may not have come back to the 4% target, but it's not threatening to soar. For the US, it is a...
08 Jun, 2024, 01.01 AM ISTUpward GDP projection and no change in interest rates welcomed by industry and economists Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
07 Jun, 2024, 05.30 PM ISTRBI MPC: India's forex reserves rise by $4.8 bn to record high of $651.5 bn as of May 31 India's forex reserves reached a record high of $651.5 billion as of May 31, according to RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) intervenes in the market through liquidity management to prevent rupee depreciation and maintain ...
07 Jun, 2024, 05.16 PM ISTRBI MPC to take call on policy action once 'slow-walking' inflation hits 4 per cent target durably RBI MPC 2024: Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has reaffirmed the central bank's commitment to controlling inflation. In a statement on Friday, he emphasised that the Monetary Policy Committee's (MPC) goal is not onl...
07 Jun, 2024, 02.09 PM ISTRBI MPC meeting: India’s FY25 GDP forecast raised to 7.2% from 7% The Reserve Bank of India (RBI) raised the FY25 real GDP growth forecast to 7.2% from 7% due to improved rural and urban demand, bolstered by monsoon predictions. The Monetary Policy Committee kept the benchmark rate at 6.25%, noting domestic econom...
07 Jun, 2024, 12.12 PM ISTRBI leaves inflation projection for FY25 unchanged at 4.5%; for fiscal 2024 stands at 5.4% The Reserve Bank of India today left its inflation forecast for this fiscal year unchanged at 4.5%, even though the scorching summer threatens to intensify the battle to keep a lid on rising food prices. However, the central bank may draw some comfo...
07 Jun, 2024, 11.07 AM ISTRBI MPC Meet 2024: RBI leaves inflation projection for FY25 unchanged at 4.5% RBI MPC Meet 2024 LIVE: The Reserve Bank of India maintained its inflation forecast at 4.5% for this fiscal year amid concerns over rising food prices. The central bank found some relief as crude prices dipped below $80 per barrel. The RBI's Monetar...
07 Jun, 2024, 10.47 AM ISTElectoral shock dashes hopes of rate cut Food inflation challenges RBI, impacting rate cuts. Elections, populist spending, and fiscal landscape influence rate cut decisions.
05 Jun, 2024, 01.14 AM ISTA likely Modi 3.0 might just give Indian economy what it wanted for so long India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant majority. The NDA is expected to surpass its 2019 tally, easing concerns about replicating previous...
02 Jun, 2024, 01.29 PM ISTEconomy expands 7.8% in Q4, lifting FY24 growth to 8.2% This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and ...
01 Jun, 2024, 05.30 AM ISTIndia’s forex reserves down $2 bn to come off all-time record high India's forex reserves fell by $2 billion to $646.67 billion as of May 24, according to the Reserve Bank of India (RBI). This decline follows a previous increase of $4.54 billion, reaching an all-time high of $648.7 billion on May 17. The reduction ...
31 May, 2024, 05.25 PM ISTRBI's dividend transfer may ease deposit rates if govt spends it: Ind-Ra India Ratings and Research (Ind-Ra) stated that the RBI's Rs 2.11 lakh crore dividend transfer will likely ease liquidity pressure and lower deposit rates in the banking system if the government spends it. The substantial dividend will strengthen th...
30 May, 2024, 05.37 PM ISTIndia's growth set to get more broad-based, says Morgan Stanley; pegs 6.8% for 2024 India's strong growth, driven by consumer and business spending, is expected to become more broad-based, according to Morgan Stanley. The global investment bank forecasts 6.8% growth in 2024, attributing it to global offshoring, digitalization, and ...
30 May, 2024, 09.51 AM ISTIndia to get rating support if it uses RBI dividend to reduce fiscal deficit: S&P analyst S&P Global Rating suggests India could improve its rating if it channels the record Rs 2.1 lakh crore dividend from the RBI to reduce fiscal deficit. The dividend, around 0.35% of GDP, could aid fiscal consolidation, potentially supporting a faster ...
23 May, 2024, 04.27 PM ISTGDP likely expanded 6.8% in Q4; FY24 print may hit 7.8% The strong March quarter print could lift overall gross domestic product (GDP) growth for the full fiscal year to 7.8% against 7.6% assessed in the government's first advance estimates released in February. The International Monetary Fund (IMF) has ...
22 May, 2024, 12.49 AM IST