Tag: reserve bank
retail inflation: Economic Survey’s pitch for excluding food from inflation target
The survey has called for “re-examining” of the existing inflation-targeting framework adopted by the central bank, pitching for the exclusion of food items, prices of…
RBI directs banks to offer fixed rate option to borrowers at interest rate reset
PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers with an option…
Home loan, other borrowers can switch to fixed-rate regime: RBI
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate,…
India’s forex kitty drops $1.98 bn to $607.03 billion
MUMBAI: India’s forex reserves dropped by $1.987 billion to $607.035 billion for the week ended July 21, the Reserve Bank has said. The overall reserves…
Overseas spending using credit card won’t attract TCS
Overseas credit card spending and transfers upto Rs 7 lakh under the Liberalised Remittance Scheme will not face tax collected as source, the finance ministry…
India’s economic prospects brighten; core inflation, global volatility may pose risks: RBI financial stability report
The rising pace of local economic activities along with stronger corporate sector balance sheets and efficient financial system has brightened the prospects of the Indian…
Will strive to get inflation to 4%; El Nino a challenge: RBI Governor Das
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as…
shaktikanta das: More than two-thirds of Rs 2,000 notes returned within a month of withdrawal: Das
Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have…
el nino: Will strive to get CPI down to 4 pc; El Nino a challenge for food inflation: Das
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as…
RBI assigns additional responsibilities to 3 deputy governors as M K Jain demits office
The Reserve Bank on Wednesday assigned additional responsibilities to three deputy governors consequent on demitting of office by M K Jain. Deputy Governor Jain was…