November 2, 2024, 01:59 PM - 2 min read
India's forex reserves fell by USD 3.463 billion to USD 684.805 billion for the week ending October 25, with declines in foreign currency assets but gains in gold reserves, according to RBI data.
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October 19, 2024, 02:45 PM - 2 min read
India's forex reserves fell for the second consecutive week, declining by USD 10.746 billion to USD 690.43 billion for the week ending October 11, marking one of the largest decreases in recent times, according to the RBI's report on Friday.
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October 18, 2024, 06:50 PM - 2 min read
RBI said the action is based on material supervisory concerns observed in the “Pricing Policy of these companies in terms of their weighted average lending rate (WALR) and the interest spread charged over their cost of funds, which are found to be excessive and not in adherence with the regulations”.
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October 18, 2024, 05:06 PM - 2 min read
Reserve Bank Governor Shaktikanta Das's comments followed the central bank's directive for Sachin Bansal's Navi Finserv and three other NBFCs to stop sanctioning and disbursing loans from October 21 due to supervisory concerns, including usurious pricing.
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October 10, 2024, 08:11 PM - 3 min read
A Reuters poll indicates that India's retail inflation for September likely exceeded the Reserve Bank of India's 4% target due to rising vegetable prices and a lower year-ago base, with predictions suggesting a jump to 5.04% from 3.65% in August.
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October 9, 2024, 01:43 PM - 4 min read
While inflation is projected to moderate in Q4 FY25, factors like volatile crude oil prices, weather events and international geopolitical tensions remain concerns.
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October 7, 2024, 07:26 PM - 2 min read
The Reserve Bank of India has signed a currency swap agreement with the Maldives Monetary Authority, providing USD 400 million and Rs 30 billion in support until June 2027.
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October 6, 2024, 03:07 PM - 3 min read
Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- Monetary Policy Committee (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday.
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October 5, 2024, 04:21 PM - 3 min read
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, and is likely to maintain the repo rate at 6.5 per cent in its upcoming sitting.
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October 5, 2024, 03:44 PM - 1 min read
In his new role as Executive Director, Aviral Jain will oversee several crucial departments, including the Legal Department, the Premises Department, and the Right to Information Act as the First Appellate Authority.
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September 30, 2024, 05:33 PM - 2 min read
The country's current account deficit widened marginally to USD 9.7 billion or 1.1 per cent of GDP in April-June 2024, as against USD 8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday.
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September 28, 2024, 03:13 PM - 3 min read
The Reserve Bank of India's digital rupee (e₹) has struggled to gain traction since its launch over two years ago, with its retail circulation accounting for just 0.006% of total banknotes, facing challenges from the dominance of UPI, transaction inconveniences, privacy concerns, lack of compelling use cases, and insufficient marketing efforts.
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