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Image used for illustration purpose only | Photo Credit: Getty Images/iStockphoto Reserve Bank on Friday (December 5, 2025) raised the GDP growth projection to 7.3% for the current fiscal from its earlier estimate of 6.8% following robust economic performance in the July-September quarter. The Gross Domestic Product (GDP) registered a six-quarter high growth of 8.2%…
Image used for representational purpose only. File | Photo Credit: The Hindu The rupee gave up early gains on Friday (December 5, 2025) after the Reserve Bank of India (RBI) cut the interest rate by 25 basis points, in line with a consensus view that had albeit softened due to a stronger-than-expected economic growth and…
Photo used for illustration purpose only. | Photo Credit: Reuters The rupee recovered 15 paise from its all-time low closing level to 87.44 (provisional) against the U.S. dollar on Friday (February 7, 2025) after the Reserve Bank of India reduced repo rate by 25 basis points in line with street expectations. The Monetary Policy Committee…
Read More “Rupee recovers 15 paise from all-time low level to close at 87.44 against U.S. dollar” »
The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5%. | Photo Credit: Reuters India Inc. welcomed the Reserve Bank of India’s (RBI) move to slash the benchmark interest rate for the first time in nearly five years on Friday (February 7, 2025) and…
Read More “RBI’s rate cut sets stage for further easing of interest rates in near term: India Inc” »
Forex traders said an overall decline in the U.S. dollar and crude oil prices supported the rupee. However, weak domestic markets capped sharp gains. File | Photo Credit: The Hindu The rupee settled on a flat note and appreciated by just 1 paisa to close at 84.70 (provisional) against the U.S. dollar on Friday (December…
Read More “Rupee settles on a flat note, rises 1 paisa to 84.70 against U.S. dollar” »
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…
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Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, Friday, Dec. 6, 2024. | Photo Credit: PTI The Reserve Bank of India raised India’s Consumer Price Inflation outlook for 2024-25 to 4.8% from 4.5%, with Q3 at 5.7% and Q4 at 4.5%. Going into FY 2025-26, the RBI projected Q1 inflation…
The RBI cited the favourable agricultural crop outlook which could ease food inflation pressures, subject to weather risks. File photo | Photo Credit: REUTERS The Reserve Bank of India (RBI) has projected India’s real GDP growth for FY25 at 7.2 per cent, while CPI inflation for the fiscal year is expected to moderate to 4.5 per…
Read More “RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%” »
RBI Monetary Policy: The repo rate is the interest rate at which the RBI lends money to commercial banks. The Reserve Bank of India’s Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth…
Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, in Mumbai. File photo | Photo Credit: PTI The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday (October 9, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 10th consecutive time. Of the six members of…
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