A sizzling heat wave in large parts of the country will raise concerns for India’s policymakers already grappling with sticky inflation, potentially pushing back the timing for interest rate cuts, economists said.The nation’s weather office on Monday pred...
6 months agoDear Reader,The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep tr...
6 months agoThe Reserve Bank of India (RBI) will undertake a study to assess India’s potential growth and real growth rate after the estimate of national income for 2023-24 is released at the end of May, RBI Governor Shaktikanta Das said on Friday.“We will undertake...
6 months ago1/9 RBI to keep rates unchanged by a 5:1 majority. (Image: PTI) 2/9 RBI maintains a stance of 'withdrawal of accommodation', says RBI governor Shaktikanta Das. (Image: ANI) 3/9 Core inflation has declined steadily, notes RBI; MPC must actively...
6 months agoThe Reserve Bank of India (RBI) has fixed the premature withdrawal price of the Sovereign Gold Bond (SGB) Series I of 2017-18 ₹6,115 per unit, a staggering 110% above the issue price of ₹2,901, doubling investors' money within a span of just five years....
6 months agoIndia's wholesale inflation rate quickened to three-month high of 0.53 percent in February, mainly driven by food and primary articles, data released by the commerce ministry on April 15 showed.Wholesale Price Index (WPI) inflation stood at 0.2 percent in...
6 months agoEven after becoming the third largest economy in the world by 2029 as envisaged by Prime Minister Narendra Modi, India may still be a poor country and therefore there is no reason for celebration, former Reserve Bank Governor D Subbarao said here on Monda...
5 months agoUnion minister and BJP leader Smriti Irani on April 16 accused Congress for ‘institutional abuse’ during its rule between 2004 and 2014 after former Reserve Bank of India governor D Subbarao in his soon-to-be released memoir claimed that senior government...
5 months agoExtreme weather events along with prolonged geopolitical tensions could pose a risk to India’s inflation trajectory, even as growth in the South Asian nation exhibits an uptrend, the Reserve Bank of India (RBI) said in its latest bulletin on Tuesday.”…foo...
5 months agoThe Reserve Bank of India has extended deputy governor T Rabi Sankar term by a year, central bank sources have told Moneycontrol.Sankar was appointed as the deputy governor on May, 2021 following the retirement of BP Kanungo on April 2, 2021. He was the e...
5 months agoIndia’s unexpected move to buy back bonds signals the central bank is getting proactive in easing liquidity and may switch to a neutral interest-rate stance in its June policy, according to Citigroup Inc.The Reserve Bank of India on Friday said it would b...
5 months agoAnand Mahindra, chairman of the Mahindra group, said the decision to declare record dividend by the Reserve Bank of India on May 22 was taken after increasing the contingency risk buffer to 6.5 percent from 6 percent.“It’s important to note that this reco...
4 months agoDear Reader,The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep tr...
2 months agoThe Reserve Bank of India's latest draft guidelines aimed at enhancing the liquidity resilience of lenders, amidst an increased use of digital infrastructure, are expected to boost demand for government bonds over the medium term, traders said.Late on Thu...
2 months ago