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New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 11th consecutive time on Friday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. Announcing the fifth bi-monthly monetary policy for the…
Mumbai: The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers. Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate (repo), and…
Mumbai: Frontline equity indices ended in green amid volatile sessions on Thursday as buying was seen in the heavyweights IT counters. At closing, Sensex settled at 81,765, up by 809.53 points, or 1 per cent, while the Nifty ended at 24,708.40, up by 240.95 points, or 0.98 per cent. Investors’ optimism regarding the upcoming RBI…
Last Updated:November 14, 2024, 11:40 IST Addressing the latest October 2024 inflation number, Goyal said, “When the RBI Monetary Policy Committee came out with their recommendations last time, they also predicted inflation to spike this month. It’s not rocket science.” Union Minister Piyush Goyal was speaking at the CNBC-TV18 Global Leadership Summit on Thursday. Commerce…
Mumbai: The Reserve Bank on Wednesday retained the growth projection for the current fiscal at 7.2 per cent on the back of robust consumption and investment momentum. It, however, lowered the GDP estimate for the second quarter to 7 per cent from 7.2 per cent earlier. Real gross domestic product (GDP) also grew slower at…
New Delhi: The Reserve Bank of India (RBI) has introduced Beneficiary Account Name Look-up Facility akin to UPI and IMPS payments for RTGS or NEFT transactions. At present, UPI and Immediate Payment Service (IMPS) provide a facility for the remitter of funds to verify the name of the receiver (beneficiary) before executing a payment transaction,…
New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 10th consecutive time on Thursday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. “Consequently, the standing deposit facility (SDF) rate remains…