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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

IMF welcomes RBI decision to hike interest rates

In January 2014 RBI had increased the repo rate to eight per cent to keep the inflation under check.

8 Jun 2018 9:41 AM IST

Prime Minister Narendra Modi gestures as he speaks during a plenary session on the occasion of World Environment Day in New Delhi. (Photo: AFP)

RBI's rate hike upsets Modi's election year budget maths

Rate hike will push up govt's interest financing cost and add to the fiscal deficit pressure on one hand.

8 Jun 2018 9:15 AM IST

RBI's policy stand confirms economic activity is on upswing: Goyal

The finance ministry said it welcomed the monetary policy of the banking regulator.

7 Jun 2018 9:16 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI increases lending rate, EMIs may go up

EMIs for home, auto and personal loans of customers may increase if banks decide to pass on the hike.

7 Jun 2018 2:31 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex soars 276 points even as RBI hikes key policy rate

The repo rate now stands at 6.25 per cent.

6 Jun 2018 4:07 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI marginally revises upwards inflation forecast

RBI had estimated inflation in the range of 4.7-5.1 per cent in H1; and 4.4 per cent in H2.

6 Jun 2018 3:43 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI increases repo rate by 25 basis points to 6.25 per cent

RBI has increased the reverse repo rate -- the rate at which RBI borrows from commercial banks -- to 6 per cent.

6 Jun 2018 2:45 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI to announce 2nd bi-monthly Monetary Policy of 2018-19 today

The last rate hike was announced by RBI in January 2014 when the repo rate was increased to 8 per cent.

6 Jun 2018 8:56 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Reserve Bank of India to hold rates, but June hike now close call

GDP data showed Asia's third-largest economy grew at its fastest pace in nearly two years in the January-March period.

5 Jun 2018 10:29 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI's interest rate setting panel starts 3-day meet

MPC began 3-day meeting amid speculations that key interest rate may be hiked for the first time after four-and-half...

4 Jun 2018 4:14 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI rate hike a 'win-win' situation for markets, banks

The MPC added that the volatility in global financial markets continues to impart uncertainty to the inflation outlook.

2 Aug 2018 12:11 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI hikes key rate second time in two months

Retail inflation pegged at 4.8 per cent for second half of current fiscal.

2 Aug 2018 12:58 AM IST