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Mumbai: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to ‘neutral’. The monetary policy committee, which included three RBI officials and an equal number of new external members, voted five-to-one to keep…
A person preserved a bar bill from 2007 and a photo of the same is now fueling a debate about inflation. A Reddit user shared the old receipt, prompting discussions on how affordable dining out was back then and reflecting on the rise in prices across India. The bill, totalling ₹2,522 from a restaurant called…
Reported By: Mohammad Haris Last Updated: September 26, 2024, 17:59 IST The skewed spatial distribution of rain may have an impact on farm output in a few regions, says the finance ministry. In the absence of any serious adverse climate shocks, rural incomes and demand should get stronger, and food inflation will be milder. The…
India’s growth outlook reflects the underlying strength of country’s macro-fundamentals, with domestic drivers — private consumption and investment — playing a major role, RBI Governor Shaktikanta Das said on Friday. Moreover, the country’s growth trajectory is supported by an environment of macroeconomic and financial stability, he said in a keynote address at the Future of…
The report highlighted that India experienced minimal deviations from its inflation targets New Delhi: India has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI). The report credits government initiatives, the RBI, and banks…
Published By: Business Desk Last Updated: August 31, 2024, 13:48 IST The rupee’s depreciation over the medium to long term emphasises the significance of cautious retirement planning. Inflation erodes the value of money over time, so what seems like a substantial amount today may not be sufficient to meet your post-retirement obligations in the future….
New Delhi: The retail inflation rate for farm and rural workers eased to 6.17 per cent and 6.20 per cent, respectively, in July, a government statement said on Thursday. The retail inflation rates for farm and rural workers were 7.02 per cent and 7.04 per cent, respectively, in June this year, according to the Labour…
Reserve Bank of India (RBI) Governor Shaktikanta Das says that the common man should understand the RBI and its work. In an exclusive interview with NDTV Editor-in-Chief Sanjay Pugalia, Shaktikanta Das spoke in detail on various issues including the Indian economy, inflation rate, GDP growth rate, use of AI in the banking system and cyber…
Banks have to be proactive in dealing with liquidity management because the persistent gap between credit and deposit growth could become a challenge, leading to liquidity issues, Reserve Bank of India Governor Shaktikanta Das told NDTV Profit in an exclusive interview on Tuesday. Das asked banks to maintain a balance between credit and deposit growth….
New Delhi: Inflation in July dropped to the lowest point in the last three years in the US, according to data released on Wednesday, setting up a likely rate cut by the Federal Reserve next month. Data from the US Bureau of Labor Statistics showed the annual inflation rate in July hit 2.9 per cent,…