Mumbai, Dec 27: Rural-urban inflation divergence does not persist in the long run and converges over time, and both exhibit a long-term equilibrium relationship, said an RBI article. This convergence of rural-urban inflation supports the relevance of one inflation target as nominal anchor at the national level, said the […]
NEW DELHI/MUMBAI – The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic, according to two government sources aware of the development. The RBI’s foreign exchange reserves stand at a record $560.63 […]
Mumbai, Oct 9: The Reserve Bank of India on Friday said the economy is likely to contract by 9.5 per cent in the current fiscal GDP contracted 23.9 per cent in the first quarter of the fiscal, as per the estimates of the Central Statistics Office (CSO) In a […]
Mumbai, Sep 28: The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-important interest rate-setting panel, over a possible lack of quorum as the appointment of independent members is delayed. The Reserve Bank in a press release said that the MPC meeting, which […]
Mumbai, Aug 6: The Reserve Bank of India (RBI) on Thursday opted for a status quo and left interest rates unchanged, but maintained an accommodative stance, implying more rate cuts in future if the need arises to support the economy hit by the COVID-19 crisis The benchmark repurchase (repo) […]
Mumbai, May 22: The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades. The benchmark […]
Mumbai, Apr 27: The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central bank said heightened volatility in capital markets in reaction to […]
RBI cuts Repo Rate by 75 basis points to 4.4% and Reverse Repo Rate by 90 basis points to 4% Lending institutions permitted to allow a moratorium of three months on payment of installments in respect of all term loans outstanding as on March 1, 2020 Deferment of […]
Mumbai, Mar 27 (PTI) The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus […]
Mumbai, Mar 16: The Reserve Bank of India (RBI) on Monday said the resolution framework for Yes Bank is underway as planned and depositors can withdraw their money from the evening of March 18. The RBI governor, Shaktikanta Das, also assured to intervene with additional liquidity if there is […]
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