Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge, a Reserve Bank of India (RBI) report said.
IMF has cautioned that if inflationary pressure continues, there will be limited room for RBI to cut interest rates to support growth. “On monetary policy, given the sharper-than-expected slowdown
The Reserve Bank of India (RBI) has warned the banks on retail lending with a stress on household leverage and indebtedness. The RBI’s ‘Trend and Progress of Banking in India
India’s foreign exchange reserves continued their upward trajectory during the week ended Dec.20 to touch a new record high. The Reserve Bank of India’s reserves rose by $456 million during the week under review, official data showed.
India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia’s third-largest economy.
The benchmark Sensex declined by 100 points after opening 250 points higher on Friday over RBI’s revision of growth forecast to 6.1 per cent for 2019-20 from 6.90 earlier.
The Central government had Rs402 crore outstanding loans with the RBI in the week ended Oct.11, according to a weekly statistical supplement of Reserve Bank of India (RBI).
Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges.
The ban led to plummeting trade volumes and exchanges shutting their businesses. A three-judge Supreme Court bench said in their ruling that while the central bank had the power to take pre-emptive action, the court questioned the "proportionality" of such measures.