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New Delhi: Economists on Thursday anticipated at least one more repo rate cut by the Reserve Bank of India (RBI) in its upcoming monetary policy committee (MPC) review in December, as inflation based on the Consumer Price Index (CPI) eased to 0.3 per cent on-year in October from 1.4 per cent in September, marking its…
New Delhi: India’s inflation rate based on the Consumer Price Index (CPI) declined further to 0.25 per cent in October as the impact of the GST rate cut brought down the prices of goods and services during the month, according to figures released by the Ministry of Statistics on Wednesday. The retail inflation eased further,…
New Delhi: The Reserve Bank of India (RBI) on Friday denied social media claims that it sold 35 tonnes of gold from its reserves, calling them “unsubstantiated rumours”. In a post shared by the PIB Fact Check Unit on X, the central bank clarified that no such sale had taken place and urged the public…
New Delhi: Stressing that Indian banks are far more mature today than they were a decade ago, RBI Governor Sanjay Malhotra said on Friday that the Central Bank does not aim to micromanage things, adding that no regulator should substitute for boardroom judgment and each case has to be looked at with merit by a…
New Delhi: The US Federal Reserve’s decision to cut interest rates by 25 basis points has sent a clear signal for the Reserve Bank of India (RBI) to follow suit in its upcoming Monetary Policy Committee (MPC) meeting in early December, according to market experts on Thursday. They believe the Fed’s move, which brings the…
New Delhi: The Premature redemption of 2019-20 Series-VI is due today (30 October, 2025), the Reserve Bank of India has said. The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India…
Mumbai54 minutes ago copy link The Reserve Bank of India (RBI) is going to auction or sell (re-issue) four government securities (bonds). Their total value is Rs 32,000 crore. The auction will take place on October 31 (Friday) and its settlement will take place on November 3 (Monday). Government securities are tradable debt instruments issued…
New Delhi: India’s digital payments landscape continues its rapid expansion, with digital transactions accounting for 99.8 per cent of the total payment volume and 97.7 per cent of the total transaction value in the first half of 2025 (H1 2025), according to data released by the Reserve Bank of India (RBI). Unified Payments Interface (UPI)…
New Delhi: Corporate sales in India rebounded sharply post-pandemic, peaking at 32.5 per cent growth in 2021-22 over the contraction recorded during the pandemic period, before stabilising at 7.2 per cent in 2024-25, according to the latest RBI Bulletin. Net profits rose significantly to Rs 7.1 trillion in 2024-25 from Rs 2.5 trillion in 2020-21….
New Delhi: The Indian economy continues to exhibit resilience amid an uncertain external environment, and remains poised to register high growth, The RBI’s October Bulletin said on Monday. Indicators of capacity utilisation and domestic demand signalled improvement. Lead indicators of manufacturing and services continued to show a robust expansion. Inflation remained benign, well below the…