Tag: rbi
India on track to exceed key fundraising goal on state-firm stake sales
NEW DELHI: India expects to exceed this fiscal year’s goal of raising Rs 80,000 crore ($8.4 billion) through the sale of stakes in state-run firms…
RBI’s FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
New Delhi: The Reserve Bank of India‘s (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised…
RBI holds repo rate at 5.25%, raises FY27 growth forecast, cuts inflation outlook
Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% in the fourth consecutive policy review meeting, while marginally…
RBI keeps policy repo rate unchanged at 5.25%, maintains neutral stance
The Reserve Bank of India on Wednesday announced that it would keep the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee unanimously…
Sensex gains, Nifty flat ahead of RBI rate decision
India’s Nifty traded flat while Sensex gained on Wednesday ahead of the central bank’s policy decision, as investors bet on unchanged rates and looked for…
Taxation laws amendment bill: Government proposes simplified exemption framework for offshore funds
New Delhi: Finance Minister Nirmala Sitharaman is likely to introduce a bill in Parliament soon to “significantly simplify” the framework governing offshore investment funds by…
RBI’s FCNR, forex schemes draw $40.81 billion in inflows so far
MUMBAI: Steps by India’s central bank to draw more capital flows into the country and support the rupee have brought in $40.81 billion, according to…
Indian companies are about to raise prices, putting RBI’s inflation outlook to test
India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the…
India’s forex reserves rise by $6.1 billion to $682.35 billion as of July 24
India’s foreign exchange reserves increased by $6.1 billion to $682.35 billion in the week ended July 24, according to data released by the Reserve Bank…
Govt approves RBI’s trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
The Centre has approved the Reserve Bank of India’s proposal to introduce polymer banknotes in ₹10 and ₹20 denominations for field trials, but said there…