
India to be among fastest growing economies despite recession fears globally: RBI Guv
RBI governor Shaktikanta Das says there are signs of inflation slowing down but it is only expected to decline in H1 FY24.
RBI governor Shaktikanta Das says there are signs of inflation slowing down but it is only expected to decline in H1 FY24.
The RBI governor says private cryptos should be prohibited. If they are allowed to grow, they could cause the next financial crisis, he adds.
The Indian currency is trading at a record low against the US dollar.
The Indian rupee has depreciated by 5.1%, which is among the lowest in the world, says RBI governor Shaktikanta Das.
The 3rd hike in a row pushes the key policy rate to the pre-pandemic levels; RBI's FY23 forecast on inflation and GDP remains unchanged at 6.7% and 7.2%, respectively
RBI says the rupee is holding up “well” relative to both advanced and EME peers, and the movement of the rupee has been smooth despite global spillovers
There is no such proposal, says the RBI; the apex bank supplies banknotes in denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2,000 in the country.
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.