[ad_1] 1 min read Last Updated : Apr 17 2024 | 12:13 AM IST The rupee has depreciated 28.3 per cent in the past 10 years, but on average it has fallen around 3 per cent a year, indicating a calibrated approach taken by the Reserve Bank of India (RBI) in managing the exchange … Read more
[ad_1] Illustration: Binay Sinha 2 min read Last Updated : Apr 12 2024 | 10:35 PM IST A study by Bank of Baroda analysing the past data shows economic variables like government capital expenditure (capex) or foreign direct investment (FDI) inflows could be impacted by the election season. However, it said for most economic … Read more
[ad_1] 2 min read Last Updated : Apr 12 2024 | 8:20 PM IST The Reserve Bank of India (RBI) has rejected two more applications for setting up small finance banks: Dvara Kshetriya Gramin Financial Services Private Limited and Tally Solutions Private Limited. So far, the regulator has received 13 applications to set … Read more
[ad_1] Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India’s (RBI’s) Monetary Policy Committee kept the repo rate unchanged last week, noting that as … Read more
[ad_1] Consumer confidence for the year ahead has improved further on the back of higher optimism, which resulted in the Future Expectations Index (FEI) rising by 2.1 points to 125.2, the highest level since mid-2019, according to a Reserve Bank of India survey conducted in March 2024. Households’ sentiments on the general economic … Read more
[ad_1] Central Bank actions are often equalled to watching the paint dry, colloquially dubbed a long phenomenon laced with perseverance. The MPC on Friday trudged along the anticipated trajectory, keeping rates unchanged while remaining aligned with focus on withdrawal of accommodation to ensure inflation progressively aligns to 4 per cent. While the year … Read more
[ad_1] Mumbai: Logo of Reserve Bank of India (RBI) put up at its headquarters, in Mumbai, Friday, April 5, 2024. (PTI: Photo/Shashank Parade) The Reserve Bank of India (RBI) on Friday proposed to make CBDC-R (CBDC-Retail) accessible to a broader population by allowing non-bank payment system operators to offer CBDC wallets. Non-bank payment … Read more
[ad_1] Indian rupee’s exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said. This came after brokers thought a central bank rule, to be effective on April 5, that exchange-traded rupee … Read more
[ad_1] The Reserve Bank of India (RBI) will conduct all auctions of government securities under the market borrowing programme of the Government of India using the multiple price auction method, the central bank said on Monday. RBI has changed the methodology after nearly three years. The change in methodology comes as robust demand … Read more
[ad_1] India’s foreign exchange reserves have doubled in the past decade. The cushion means better external debt metrics and a more stable currency, particularly compared to the volatility seen during the taper tantrum episode of 2013, according to a Business Standard analysis. Due to increased capital flows, India accumulated over $100 billion worth … Read more