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RBI Likely To Initiate Rate Cuts In October, Predicts Crisil

11 Aug 2024

India's central bank Reserve Bank of India (RBI) is anticipated to begin lowering interest rates around October, reveals Crisil report. The report assumes, there are no disruptions from external factors such as weather conditions or international commodity prices. Further, Crisil also predicts 'two rate cuts this fiscal year.' Moreover, the...

RBI Governor Shaktikanta Das Predicts 7.2% GDP Growth for 2024-25, Notes June Inflation Drop to 5.1%

08 Aug 2024

RBI Governor Shaktikanta Das says inflation will moderate from July onwards as the monsoon has improved and global food prices have shown signs of easing in July. Das stated, "Global food prices showed signs of easing in the month of July after registering an increase since March 2024." A degree...

RBI Maintains Key Repo Rate at 6.5% for Eighth Consecutive Time

07 Jun 2024

In its latest monetary policy review, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, marking the eighth consecutive time this rate has remained steady. The decision to maintain the current rate was made by the RBI's six-member Monetary Policy Committee (MPC), as...

RBI Keeps Repo Rate Unchanged in Sixth Consecutive Decision

08 Feb 2024

The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to maintain the status quo at the policy repo rate of 6.5% during its February review meeting. The interest rate at which the RBI lends to other banks is known as the repo rate. Following a three-day review meeting,...

RBI Governor Highlights Multifaceted Challenges Gripping Global Economy

20 Oct 2023

At the opening session of the Kautilya Economic Conclave 2023 in Delhi, prominent figures such as Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das delivered insightful speeches. Governor Das shed light on the intricate challenges facing the global economy, emphasizing the delicate balance necessary in...

RBI decides to keep repo rate unchanged at 6.5 pc

06 Apr 2023

The Reserve Bank of India has opted to hold the important benchmark interest rate - repo rate - steady at 6.5 percent, with Governor Shaktikanta Das indicating his willingness to move should the situation justify it. Five of the six members of the MPC voted on Thursday to keep the...

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi

24 Feb 2023

Prime Minister Narendra Modi said on Friday that India's digital payments ecosystem has radically transformed governance, financial inclusion, and the country's ease of living. The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday with the goal of fostering global economic cooperation....