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New Delhi: The Reserve Bank of India (RBI) has announced the premature redemption date and price for the Sovereign Gold Bond (SGB) 2020–21 Series-VII, giving investors an impressive 153 per cent return over five years. According to the central bank’s notification, investors in this tranche can opt for early redemption on October 20 — exactly…
New Delhi: The Premature redemption of Sovereign Gold Bond (SGB) Scheme 2020-21 Series-VII is due today (20 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…
Mumbai: The RBI is likely to go in for another policy rate cut before the end of the year, which, along with fiscal consolidation and domestic regulatory easing, would lead to a gradual recovery in credit demand, according to a Goldman Sachs report. “We expect an additional policy rate cut before year-end, and the recent…
New Delhi: India’s gold reserves, held by the RBI as part of the country’s foreign exchange reserves, have surpassed the $100 billion mark for the first time ever on the back of a sharp rise in the price of the precious metal and increased purchases by the central bank. The gold component in India’s forex…
New Delhi: The Reserve Bank of India (RBI) on Friday announced the results of the auction of two Government of India securities (G-Secs), the 6.01 per cent GS 2030 and the 7.09 per cent GS 2074. According to the RBI statement, the total notified amount for the 6.01 per cent Government Security 2030 was Rs…
New Delhi: India’s growth outlook remains resilient, supported by domestic drivers, despite weak external demand, and is likely to get further support from a favourable monsoon, lower inflation, monetary easing and the salubrious impact of recent GST reforms, the Reserve Bank of India (RBI) said on Wednesday. Even though the growth projection for the financial…
New Delhi: India’s Consumer Price Index (CPI) inflation for FY26 is expected to remain at 2.2 per cent, much lower than the Reserve Bank of India’s (RBI) forecast of 2.6 per cent, according to a report by the State Bank of India (SBI). The report highlighted that the sharp moderation in inflation has been…
New Delhi: The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), with effect from October 9, 2025. The announcement was made through an official press release by the RBI. Earlier, Sen Gupta was serving as the Regional Director for Karnataka at the Bengaluru Regional Office. With a…
New Delhi: The Reserve Bank of India (RBI) on Thursday said that all-India House Price Index (HPI) based on transaction-level data of 18 major cities increased by 3.6 per cent (on-year) in the first quarter of the current fiscal (Q1 FY26). The value of house price index registered a marginal increase in Q1 2025-26, with…
Mumbai: The Reserve Bank of India (RBI) on Thursday announced the appointment of Sanjay Kumar Hansda as Executive Director (ED), effective March 3, 2025. Hansda recently returned to the central bank on October 6, after completing his deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF). As Executive Director,…