Tag Archives: RBI

The Reserve Bank of India (RBI) said in its latest bulletin on Tuesday that the country’s economy is recovering from the slowdown seen in the second quarter. It said that the Indian economy is recovering from the slowdown seen in the September quarter, driven by strong festive activity and continued …

The government has appointed Revenue Secretary Sanjay Malhotra as the next Reserve Bank Governor. According to a news release by PTI quoting sources, Malhotra, a 1990 batch Rajasthan cadre IAS officer, will replace Shaktikanta Das, whose term ends on Tuesday (December 10, 2024). Malhotra will be the 26th Governor of …

The Reserve Bank of India (RBI) has added 27 tonnes of gold to its reserves in October. The World Gold Council (WGC) gave this information on Thursday. The WGC has said that gold purchases by central banks have increased to 60 tonnes in October. According to PTI news, according to …

The decline in India‘s foreign exchange reserves that started a month and a half ago is continuing. In the week that ended on November 15, the country’s foreign exchange reserves registered a massive decline of $ 17.76 billion, after which it came down to $ 657.89 billion. Let us tell …

Municipal corporations should levy adequate user charges on essential services such as water supply and sanitation to raise non-tax revenue and provide quality public services, a Reserve Bank of India (RBI) report said. The ‘Report on Municipal Finances’ 2019-20 to 2023-24 (Budget Estimates) takes a deep look at the fiscal …

The demand for relief from increased EMI of loans has now been raised by the government. Commerce and Industry Minister Piyush Goyal said on Thursday that the Reserve Bank of India (RBI) should cut interest rates and boost growth. Goyal, a chartered accountant (CA) turned politician, said in a TV program …

The Reserve Bank of India released the latest data related to foreign exchange reserves on Friday, which were not good at all according to the government. According to the RBI, in the week that ended on November 1, India’s foreign exchange reserves fell by 2.67 billion dollars to 682.13 billion dollars. …

A domestic rating agency Crisil on Tuesday said the recent notification by the Reserve Bank of India (RBI) asking financiers to review gold loan practices could slow loan growth in the near term and lead to increased asset quality stress. Potentially, this could impact gold loan disbursements during the transition …

The cumulative interest rate hike of 2.5 percentage points by the Reserve Bank of India (RBI) since May 2022 has negatively impacted headline inflation by 1.60 percent. This has been stated in a paper written by senior RBI staff on Monday. According to PTI News, the paper, written by Deputy …

India’s foreign exchange reserves fell by $10.746 billion to $690.43 billion in the week ended October 11, one of the biggest declines in recent times, the Reserve Bank of India said on Friday. The country’s foreign exchange reserves have declined for the second consecutive week. The reserves had fallen by …