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Federal Reserve Lowers Key Interest Rate By Another Quarter Point

19 Dec 2024

The Federal Reserve reduced its key interest rate by 0.25 percentage points on Wednesday, marking a continued effort to adjust monetary policy. However, the central bank's outlook for the future is now more cautious, with a significantly slower pace of rate cuts projected for 2025. This shift follows a recent...

RBI Has Found A(I) Way Of Handling Frauds And Mule Accounts

06 Dec 2024

The Reserve Bank of India (RBI) is taking significant steps to tackle the rising tide of digital financial fraud. Governor Shaktikanta Das recently announced a groundbreaking initiative to detect and prevent fraudsters from exploiting the banking system. As part of this initiative, the RBI is piloting MuleHunter.AITM, an advanced AI...

Repo Rate: How RBI Uses This Monetary Policy Tool To Regulate Inflation

09 Oct 2024

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the key repo rate unchanged at 6.5% for the tenth consecutive meeting. RBI Governor Shaktikanta Das indicated that five out of the six committee members supported this decision. He explained that after assessing the macroeconomic conditions...

RBI Holds Repo Rate Steady At 6.5% For 9th Consecutive Time

08 Aug 2024

The Reserve Bank of India (RBI) has decided to maintain the benchmark interest rate at 6.5% for the ninth consecutive time. RBI Governor Shaktikanta Das announced that the repo rate remains unchanged at 6.50%. RBI Governor Shaktikanta Das says "...The Monetary Policy Committee decided by a 4:2 majority to keep...

RBI Announces Second Bi-Monthly Monetary Policy for 2024-25, Boosts GDP Growth Forecast to 7.2%

07 Jun 2024

The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy for the financial year 2024-25 on Friday, June 7. This marked its first policy declaration which is followed after the declaration of the Lok Sabha election results for the year 2024. RBI Governor Shaktikanta Das, leading the six-member...

RBI maintains its inflation forecast and increases India’s GDP growth

08 Dec 2023

RBI maintains its inflation forecast and increases India's GDP growth estimates for 2023–2024 in response to solid Q2 results Mumbai Maharashtra December 8, India: The Reserve Bank of India (RBI) increased the country's GDP growth forecast for the fiscal year 2023–24 by 50 basis points to 7% while keeping the...

A step closer to internationalization of the rupee

16 Mar 2023

The Reserve Bank of India has approved the opening of 60 special rupee Vostro accounts in 18 countries The Indian rupee is now edging closer to becoming an international currency with more and more countries working to de-dollars global trade. Several nations have now expressed interest in facilitating international trade...