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Jayanth R. Varma said while external demand is weak due to the sluggishness in the world economy, the revival in private capital expenditure is still too tentative and muted. RBI MPC member Jayanth R. Varma on October 24 said that he is ‘little more’ optimistic about India’s economic growth than a few months ago, though…
Michael Debabrata Patra, RBI deputy governor, inaugurated the sub-office of the Reserve Bank of India, in Itanagar, Arunachal Pradesh, on October 20. File | Photo Credit: The Hindu Reserve Bank of India (RBI) has announced the opening of its sub-office in Itanagar, Arunachal Pradesh in the northeast of India. Dr. Michael Debabrata Patra, deputy governor, RBI,…
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In both cases, the RBI said the penalties are based on the deficiencies in regulatory compliance. File. | Photo Credit: EMMANUAL YOGINI The Reserve Bank on October 17 said it has imposed a penalty or ₹12.19 crore on ICICI Bank and ₹3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms. The penalty…
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According to an analyst, the rupee traded within a narrow range even after more updates came in on the escalating conflict in Israel. File photo | Photo Credit: S.R. Raghunathan The rupee appreciated 3 paise to 83.22 against the US dollar on Wednesday, October 11, 2023, tracking cues from positive equity markets and a weaker American…
Food inflation stood at around 10% in August. | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation is likely to have retreated below 6% in September after two months over the central bank’s tolerance threshold, thanks to cooling prices for most essential commodities and food items, barring pulses that are seeing a sustained uptick in…
Read More “Retail inflation likely eased in September, but may be higher than RBI hopes” »
RBI announced to withdraw the Rs 2,000 note on May 19 (Representational) Mumbai: Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing…
RBI governor Shaktikanta Das. File | Photo Credit: ANI With a view to strengthen customer grievance redressal system, RBI governor Shaktikanta Das on October 6 said the Central bank decided to effect certain changes and also consolidate and harmonise the Internal Ombudsman guidelines into a single master direction. “This will further strengthen the customer grievance…
A forex dealer in Bombay looks at a graph on the movement of the rupee trade. File photo | Photo Credit: Reuters The rupee appreciated by 4 paise to 83.21 against the US dollar in early trade on Friday, October 6, 2023, on positive cues from the equity market ahead of the RBI’s interest rate…
The RBI’s decision will be influenced by several factors New Delhi: The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants. The statement by RBI Governor Shaktikanta Das on Friday morning will be followed by a press conference. The three-day bi-monthly monetary…
Read More “RBI To Release Monetary Policy Statement Today, Pause In Repo Rate Likely” »
The rupee depreciated 4 paise to 83.24 against the US dollar in early trade on Wednesday, October 4, 2023, as the strength of the American currency and a weak trend in domestic equities exerted pressure on the local unit. Forex traders said sustained foreign fund outflows further dented investor sentiments. At the interbank foreign exchange,…
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