Rupee sidesteps RBI rate cut to end up but posts worst week in over 2 years
On the day, the currency rose about 0.2% to end at 87.4250 against the U.S. dollar. It declined by nearly 1% on the week though, its worst weekly performance since December 2022. Asian currencies were ...
RBI cuts repo rate by 25 bps to 6.25% after 5 yrs; industry welcomes move
The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
'We should not focus on day-to-day Re volatility': Governor Sanjay Malhotra
MUMBAI: RBI has broken its silence on exchange rate movements, with governor Sanjay Malhotra saying the central bank will ...
RBI expects economy to grow 6.7% in next fiscal
MUMBAI: RBI has forecast a growth of 6.7% for FY26 while cutting its growth estimate for FY25 to 6.4%, lower than the 6.6% ...
Press Trust of India on MSN3h
Less restrictive policy approach only for this meeting, global uncertainties bigger worry than rupee: Guv
Reserve Bank Governor Sanjay Malhotra on Friday made it clear that the "less restrictive" monetary policy approach, which helped deliver a 0 ...
India to launch new domain name for banks to fight digital fraud
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.
Middle-Class Bonanza! RBI Slashes Rates After 5 Years
In a rare double bonanza for the aam aadmi, the government has delivered two significant announcements within a week. First, Finance Minister Nirmala Sitharaman made income up to ₹12 lakh tax-free.
'RBI Rate Cut A Relief For Homebuyers And Builders,' CREDAI-MCHI Thane President Says Jitendra Mehta
Terming the RBI’s decision to cut the repo rate by 25 basis points as ‘a welcome move’ for Thane’s real estate, Jitendra ...