The rupee snapped its three-day losing streak and settled for the day higher by 70 paise at 85.25 (provisional) against the U.S. dollar. File | Photo Credit: Reuters The rupee snapped its three-day losing streak and settled for the day higher by 70 paise at 85.25 (provisional) against the U.S. dollar on Friday (May 23, […]
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Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core […]
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Representational image only. | Photo Credit: Reuters The Reserve Bank of India’s (RBI) rate-setting panel on April 3 started its three-day meeting amid expectations that the Central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Reserve Bank […]
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Representational image only. | Photo Credit: Twitter/@FinMinIndia The government’s total liabilities rose to ₹150.95 lakh crore in December quarter from ₹147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.6% in October-December 2022-23. In absolute terms, the total liabilities, […]
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The Reserve Bank of India women’s squad that took the honours in the UTT-84th senior National and Inter-State table tennis championships in Jammu on Thursday, March 23. | Photo Credit: K. Keerthivasan The victorious PSPB men’s squad in the UTT-84th senior National and Inter-State table tennis championships in Jammu on March 23. | Photo Credit: […]
Continue ReadingThe Reserve Bank of India seal on a gate outside the RBI headquarters in Mumbai. File | Photo Credit: Reuters The Finance Ministry has initiated the process to appoint a new Reserve Bank Deputy Governor in place of M.K. Jain, whose extended term is coming to an end in June. The applicant should have an […]
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Sanjiv Bajaj, president of the Confederation of Indian Industry and CMD of Bajaj Finserv. File | Photo Credit: The Hindu The Reserve Bank of India’s rigorous supervision and monitoring is helping keep India banks healthy, according to Sanjiv Bajaj, president of the Confederation of Indian Industry and CMD of Bajaj Finserv. “Our own growth as an […]
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File photo of SBI group chief economic adviser Soumya Kanti Ghosh. Mr. Ghosh recently said RBI should consider decoupling from the U.S. Federal Reserve. | Photo Credit: The Hindu The RBI should “pause and think” if it can continue mirroring the U.S. Federal Reserve “stroke by stroke” in terms of rate hikes or decouple from […]
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RBI Monetary Policy Committee member Jayanth R. Varma. Photo: iima.ac.in India’s economic growth appears to be ‘very fragile’ and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R. Varma said on February 26. In India, Mr. Varma said he […]
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European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium | Photo Credit: Reuters EU approves 10th package of Russia sanctions on anniversary of invasion The European Union, after hectic last-minute haggling, has approved a tenth package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, the Swedish EU Presidency said late on Friday. […]
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