India’s foreign exchange reserves fell by $2.470 billion, during the week ended August 20. According to the Reserve Bank of India’s (RBI)
To protect the “nascent economic” recovery, the Reserve Bank of India retained its key short-term lending rates at the third monetary policy review of FY22.
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.
The central banks across the world seem to have woken up to the reality of rising inflation, and they are using the one weapon in their hands, the interest rate, to tame inflation. The United Federal Reserve’s Federal Open Market Committee (FOMC)
The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept its key lending rate at a record low,
The Reserve Bank of India’s (RBI) key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia’s third-largest economy. The central bank also dropped its long-standing phrase that future policy would remain ‘accommodative’,