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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.

RBI retains GDP growth forecast at 7.4 per cent for FY'19

Central has also projected the GDP growth for first quarter of the next financial year at 2019-20 at 7.5 per cent.

1 Aug 2018 3:29 PM IST

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

RBI hikes repo rate by 25 bps to 6.5 pc after its 3rd bi-monthly MPC...

Reserve Bank of India has hiked the repo rate for the second consecutive month.

1 Aug 2018 2:43 PM IST

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

RBI in a tight spot, is expected to raise rates again

In June, repo rate was raised for the first time in over four years, by 25 basis points to 6.25 per cent.

1 Aug 2018 8:33 AM IST

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

6 Aug 2018 3:24 PM IST

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

RBI unlikely to hike repo rate in October despite weak Rupee: study

Weakness in the rupee does not offer a sufficient alibi for a rate hike.

21 Sept 2018 5:30 PM IST

Reserve Bank of India governor Shaktikanta Das addresses a press conference via video link from Mumbai on Friday, April 17, 2020. (PTI)

AA Edit: Government must guarantee all working capital loans

The only workable solution for the current financial crisis is a sovereign guarantee to all loans

18 April 2020 4:47 AM IST

The Reserve bank of India (PTI)

AA Edit | RBI is right to be cautious

RBI's focus remains squarely on bringing down inflation to its target of four per cent.

8 Feb 2024 11:44 PM IST

Reserve Bank of India

RBI may pause in October before delivering rate cut in Dec: BofAML

RBI in its Monetary Policy Committee meet in August slashed repo rate by 0.25 per cent.

18 Aug 2017 5:41 PM IST

Deepak Parekh of HDFC.

Repo rate cut was expected and is a 'good move', says Deepak Parekh

RBI cut the key policy rate by 0.25 per cent to 6 per cent, citing reduction in upside risk to inflation.

2 Aug 2017 5:39 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Knitwear exporters hit by GST ask banks for repo rate cut benefits

The association in Tirupur has already represented to all banks for enhancement of limit to ease the working capital...

2 Aug 2017 5:10 PM IST

Wholesale Price Index or wholesale inflation is also down in June.

RBI to keep retail inflation near 4 pc on 'durable basis'

Retail inflation may rise in near term due to pay commission payouts and price adjustments post GST rollout.

2 Aug 2017 4:56 PM IST

Economic Affairs Secretary Subhash Chandra Garg, (Photo credit: World Bank)

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

2 Aug 2017 4:36 PM IST