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According to RBI Governor Shaktikanta Das, the current policy rate of 6.5% is broadly balanced, and any justification for policy easing at this juncture can be misleading. File | Photo Credit: The Hindu The rupee traded in a narrow range and settled higher by 4 paise at 83.89 (provisional) against the American currency on Friday…
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Representational image. | Photo Credit: AFP Rupee traded in a narrow range and appreciated 5 paise to 83.88 against the US dollar in morning trade on Friday (August 23, 2024) supported by easing crude oil prices and fresh foreign fund inflows. Forex traders said significant correction in oil prices, which is hovering around USD 77…
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The Reserve Bank’s Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. | Photo Credit: REUTERS Indian economy is likely to grow at 7% in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released…
Read More “RBI annual report 2023-24: Central bank sees real GDP growth at 7% in FY25” »
Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on April 23. The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after…
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Union Minister of Commerce and Industry Piyush Goyal. File. | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal on February 19 exuded confidence that the Reserve Bank will cut interest rates as inflation is under control. The RBI has been maintaining the benchmark interest rate at an elevated level of 6.5% since February 2023….
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