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R.B.I.
RBI report contradicts Mamata Banerjee’s claim on development spending
Kolkata : In political rallies or administrative review meetings, the common talking point of West Bengal Chief Minister Mamata Banerjee is her claim of keeping social development projects, especially the ones related to women and farmers,…
RBI likely to get quite perturbed with inflation above 6% in three quarters
New Delhi : With inflation likely to exceed 6 per cent for three consecutive quarters, especially if energy prices remain elevated, the RBI is likely to get quite perturbed, Emkay Global Financial Services said in a report.With higher food…
Not necessary to activate ‘Counter-Cyclical Capital Buffer’: RBI
New Delhi : The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate 'Counter-Cyclical Capital Buffer' at this point in time. In financial parlance, the 'CCyB' applies on banks to promote sustainable provision of…
RBI expected to go for cumulative rate rise of 125bps in fiscal 2023 : Morgan Stanley
New Delhi : Morgan Stanley expects the RBI to embark on policy normalisation with a 15-20bps hike in the reverse repo rate to normalise the policy rate corridor in the upcoming MPC meeting. This is against the backdrop of both domestic and…
RBI, govt working in complete harmony on crypto : Nirmala Sitharaman
New Delhi : Crypto is back on the discussion table as Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das deliberated over the issue. The Finance Minister had announced in her Budget speech that the…
India’s FY23 GDP growth projected at 7.8%: Shaktikanta Das
Mumbai : India's GDP is expected to grow at 7.8 per cent in FY2022-23, said RBI Governor Shaktikanta Das on Thursday.In a statement after the Monetary Policy Committee's bi-monthly meet, Das said the real GDP growth is projected at 17.2 per…
Long road ahead for RBI to launch its digital currency
New Delhi : With the government announcing its own digital currency by 2023, industry experts on Wednesday welcomed the move, albeit with caution as there is no formal Crypto Bill in place that clears the air around its use, and the Reserve…
RBI likely to hike interest rates by up to 100 basis points in 2022
New Delhi : The RBI is likely to start raising the policy rate in the near future by up to 100 bps in 2022."In the immediate neighbourhood, Pakistan and Sri Lanka have raised policy rates. We expect India, too, to start raising interest…
Fake currency found in RBI chest in Lucknow, FIR lodged
Lucknow : Fake Indian currency, with a face value of Rs 47,710, has been found in the Reserve Bank of India chest during an audit in Lucknow.RBI Assistant Manager Satyavir Singh has lodged a case with Mahanagar police about the recovery of…
Recovering economy not immune to global spillovers: RBI Governor
RBI, Mumbai, Reserve Bank, Shaktikanta Das, Economy
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