Tag: Reserve Bank of India
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…
With retail inflation at 5.5%, RBI’s stance vindicated
“It is clear that inflation and its outlook are not benign as they were last year…,” RBI governor Sanjay Malhotra said in a statement after…
Eye on the price: Retail inflation at 5.54% in September, most on new base
New Delhi: India’s retail inflation climbed to 5.54% year-on-year in September, the highest for the gauge since January, raising the probability of further increase in…
Inflation could hit 7%, forcing RBI to hike rates by 150 bps further: Report
New Delhi: India’s inflation risks are significantly higher than the Reserve Bank of India (RBI) currently acknowledges, with price pressures likely to push inflation to…
Rupee set for sharp rally as RBI moves to curb speculative bets, but risks remain
The rupee is set to open sharply stronger on Monday after the Reserve Bank of India (RBI) moved over the weekend to curb speculative bets…
India’s services demand outlook positive for Q3FY27, margin concerns persist: RBI
New Delhi: India’s services sector is expected to maintain a positive demand outlook in Q3FY27, although business optimism has moderated compared with the previous quarter,…
India’s rupee defence raises question of how far RBI will go
The Reserve Bank of India is broadening its defenses to steady the rupee, taking some of its strongest measures since the 2013 taper tantrum. That…
RBI’s first big liquidity mop-up after rate hike falls short as banks park less than half the target
Kolkata: The Reserve Bank of India‘s first major attempt to drain surplus liquidity and improve transmission of its rate hike met with a muted response….