Tag: Reserve Bank of India
India only major emerging economy set to reduce debt ratio by 2031: RBI Deputy Governor
New Delhi: India is projected to be the only emerging market economy among nine economies with gross domestic product (GDP) exceeding USD 1 trillion to…
Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reserves
India should resist the temptation to defend the rupee at any cost, even if that means allowing the currency to weaken further, former Reserve Bank…
India’s outward FDI falls 14% to $4.34 billion in September as loans, guarantees decline
Outward foreign direct investment (FDI) from India fell 14% year-on-year to $4.34 billion in September from $5.04 billion a year ago, provisional Reserve Bank of…
RBI’s Rs 2.5 lakh crore liquidity infusion raises questions over tightening policy signal: SBI Report
New Delhi: The Reserve Bank of India‘s decision to inject Rs 2.5 lakh crore into the banking system through repo auctions has raised questions over…
India’s forex reserves fall $5 billion to $721.02 billion as of October 16
India’s foreign exchange reserves declined by $5 billion to $721.02 billion in the week ended October 16, according to data released by the Reserve Bank…
India’s interest rate gap with G7 in focus as RBI weighs inflation risks: Report
New Delhi: India’s interest rate gap with major developed economies has emerged as an important consideration for monetary policy as the Reserve Bank of India…
RBI injects Rs 1 lakh crore as liquidity tightens before festive season
Mumbai: For weeks, India’s central bank had its task-list full, draining excess liquidity after an overwhelming diaspora response to forex-inflow programs. Now, as the festive…
India’s current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion
Kolkata: India’s current account deficit narrowed to 5.2 billion in August from $6.1 billion a year back while the country recorded a $50.6 billion surplus…
Rupee strengthens to 95.05 a dollar while forward premiums hit four-year high amid RBI measures
The rupee ended 10 paise stronger at 95.05 a dollar Thursday while forward premiums surged to over four year high in a shallow market. The…
Ultra-short-term borrowing costs spike; premium over policy rate hits 4-year high
MUMBAI: The government’s ultra-short-term borrowing costs jumped at a treasury bill auction on Wednesday, with the premium over the benchmark policy rate rising to a…