NEW DELHI – When Reserve Bank of India (RBI) governor Urjit Patel abruptly resigned on Monday, it stunned many people in government and business circles. Patel’s decision, which came after months of bad blood between the central bank and the government, is the latest sign that the ruling […]
NEW DELHI – When Reserve Bank of India (RBI) governor Urjit Patel abruptly resigned on Monday, it stunned many people in government and business circles. Patel’s decision, which came after months of bad blood between the central bank and the government, is the latest sign that the ruling […]
MUMBAI – The Indian government is likely to appoint the new Reserve Bank of India Governor later on Tuesday, ET Now television channel said citing a report by local news agency Cogencis. The finance ministry wants to appoint the new RBI chief before the next board meeting, ET […]
Mumbai, Dec 11: The Reserve Bank of India Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for […]
NEW DELHI – Indian stock, bond and foreign exchange markets are all likely to open lower on Tuesday after the shock resignation of the head of the Reserve Bank of India (RBI). RBI Governor Urjit Patel said in a brief statement he had resigned for “personal reasons”. He […]
NEW DELHI – A protracted tiff between the Indian government and the Reserve Bank of India (RBI) climaxed on Monday when central bank governor Urjit Patel resigned, days before a board meeting where he would have faced intense pressure. A majority of the 18-member board had been expected […]
BENGALURU – The rupee will weaken over the six next months as uncertainty builds heading into national elections due in May, a Reuters poll showed. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand […]
India’s central bank kept interest rates unchanged at a policy meeting on Wednesday to offer support for an economy that has lost some momentum, in a decision that was widely expected as inflation has eased significantly. The monetary policy committee (MPC) kept the repo rate unchanged at 6.50 […]
Mumbai, Dec 5:The BSE benchmark Sensex dropped over 200 points in early trade Wednesday following heavy selloff in global equities after concerns over US-China trade war resurfaced. Global investor sentiment turned weak after uncertainty over negotiations between the US and China countries during the next 90 days rose. […]
Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike.
Founder Editor
