Today: November 11, 2024
Today: November 11, 2024

RBI

Business|Economy|Finance

India inflation to rise further to 5.81% on rising food costs

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a

India inflation to rise further to 5.81% on rising food costs
Asia|Economy|Finance|Food

Food pushes India's retail inflation to nine-month high in September

India's retail inflation in September accelerated to its highest in nine months, due to higher food prices, according to government data

Food pushes India's retail inflation to nine-month high in September
Asia|Business|Economy|Finance

India's September inflation likely overshot RBI's 4% target: Reuters poll

India's retail inflation in September likely overshot the Reserve Bank of India's (RBI) 4% medium-term target for the first time since July due

India's September inflation likely overshot RBI's 4% target: Reuters poll
Business|Economy|Finance

India cenbank governor warns non-bank lenders of 'growth-at-any-cost' approach

Some Indian non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the central

India cenbank governor warns non-bank lenders of 'growth-at-any-cost' approach
Business|Economy|Finance

India cenbank holds rates, shifts stance to 'neutral' signalling rate cuts ahead

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral",

India cenbank holds rates, shifts stance to 'neutral' signalling rate cuts ahead
Economy|Finance|News

India's growth potential above 7.5%, says its cenbank chief

India's growth potential is 7.5% or more, the country's central bank chief said on Friday, which is a little above the bank's full-year forecast for 2024 of 7.2%.

India's growth potential above 7.5%, says its cenbank chief
Business|Economy|News

India's retail inflation stays below 4% for second consecutive month in August

India's August retail inflation remained below the central bank's target of 4% for the second consecutive month, but vegetable prices

India's retail inflation stays below 4% for second consecutive month in August
Business|Economy|Europe|Finance

Austrian Raiffeisen's entanglement with Russia

A Russian court has frozen Raiffeisen Bank International's local arm, killing off any prospect of selling the business for now and

Austrian Raiffeisen's entanglement with Russia
Asia|Business|Economy

India's GDP to expand 7.2% in FY25 despite lower Q1 growth, says cenbank chief

Despite the moderation seen in India's first quarter gross domestic product growth (GDP), the South Asian economy is likely to achieve full year

India's GDP to expand 7.2% in FY25 despite lower Q1 growth, says cenbank chief
Business|Economy|Finance

Rupee ends nearly flat as cenbank absorbs importers' dollar demand

The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank's intervention helped negate the

Rupee ends nearly flat as cenbank absorbs importers' dollar demand
Business|Economy|Finance

RBI to keep rupee in narrow trading range: Reuters poll

The Indian rupee will be confined to a narrow trading range against the U.S. dollar over the coming year as the Reserve Bank of India continues to

RBI to keep rupee in narrow trading range: Reuters poll
Asia|Economy|Finance

Rupee hits record low amid negative global cues; RBI support aids

The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed wedged between negative

Rupee hits record low amid negative global cues; RBI support aids
Asia|Business|Economy|Finance

Nomura expects Indian cenbank to pivot to rate cuts from October amid weakening growth

Nomura expects India's central bank to begin cutting interest rates next month as inflation in the South Asian nation edges lower and economic growth weakens, the

Nomura expects Indian cenbank to pivot to rate cuts from October amid weakening growth
Asia|Business|Economy|Finance|News

Reserve Bank of India to hold rates in August, first cut in Q4: Reuters poll

The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation,

Reserve Bank of India to hold rates in August, first cut in Q4: Reuters poll
Asia|Business|Economy|Finance|Stock Markets

India's central bank fines Visa for unauthorised payment method

The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank

India's central bank fines Visa for unauthorised payment method
Economy|Finance

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says

The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency "competitive," BofA

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
Business|Economy|Finance

Neutral rate cannot determine monetary policy in India, says cenbank chief

The Indian central bank's target is to bring down inflation to 4% and though it looks at the real and neutral rates in the economy, those cannot be

Neutral rate cannot determine monetary policy in India, says cenbank chief
Asia|Business|Economy|Finance

Rupee to trade in narrowest range in about 30 years on RBI's actions

The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its

Rupee to trade in narrowest range in about 30 years on RBI's actions
Asia|Business|Economy|Finance|News

Some Indian rate panelists see growth risks from tight policy

India's economy needs an interest rate cut to sustain high growth, two external members of the central bank's rate panel said, arguing that food price shocks so far

Some Indian rate panelists see growth risks from tight policy
Finance|Technology

India digital currency transactions slump after reaching initial central bank target, sources say

Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several

India digital currency transactions slump after reaching initial central bank target, sources say
Asia|Economy|Finance|News

Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%

India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its central bank opting for just a one-quarter-point rate cut in that period,

Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%
Business|Economy|Finance|News

India's May retail inflation eases slightly to 4.75%

India's retail inflation rate eased slightly in May, partly helped by fall in fuel prices although food prices remained elevated,

India's May retail inflation eases slightly to 4.75%
Economy|Finance

Rising India food costs likely snapped inflation downturn in May - Reuters poll

By Milounee Purohit and Vivek Mishra BENGALURU - India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs, according to economists polled by Reuters,

Rising India food costs likely snapped inflation downturn in May - Reuters poll
Business|Economy|Finance|News

India's central bank holds rates, raises growth outlook

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move, saying robust economic growth will give it

India's central bank holds rates, raises growth outlook

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