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Forex dealers said that there was a higher opening in domestic equity market

Business

FPI net inflows in stocks hit 15-mth high of Rs 17,220 crore in...

Foreign portfolio investors had pumped in a net amount of around Rs 19,728 crore into Indian stocks in November 2017.

3 March 2019 11:26 AM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Business

Weakening domestic growth impulses prompted RBI for rate cut: Minutes...

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

18 April 2019 7:25 PM IST

Liquidity too has remained tight, thereby preventing them from reducing deposit rates.

Business

Banks go thrifty with rate cut again; it's 5 bps from SBI

The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.

10 April 2019 1:31 AM IST

Business

HDFC plans to raise Rs 50,000 crore via bonds

The bank said its board will consider the proposal at its meeting on April 20, when it will also announce its quarterly...

9 April 2019 1:36 AM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Business

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on...

6 April 2019 11:46 AM IST

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.

Business

Despite second RBI action, bankers non-committal to cut rates

The downward revisions in GDP and inflation projections reveal the near-term global headwinds, says SBI chairman.

5 April 2019 8:40 AM IST

Business

RBI slashes repo rate, lowers GDP growth forecast

Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks.

5 April 2019 1:13 AM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

Business

RBI cuts inflation forecast to 2.9-3 pc for H1 FY20

In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the...

4 April 2019 12:38 PM IST

Business

RBI cuts key rate by 25 bps to 6 pc to boost economic activitiy

The Monetary Policy Committee (MPC) also decided to maintain the neutral monetary policy stance.

4 April 2019 11:53 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Business

RBI to cut rates again before vote; BJP victory best for economy:...

India's growth outlook for the fiscal year ended in March was cut to 7.1 pc and 7.2 pc, respectively, from 7.3 pc.

2 April 2019 11:11 AM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

RBI to unveil this fiscal's first bi-monthly policy decision on...

The resolution of the MPC will be placed on the website at 11.45 AM on April 4, 2019.

1 April 2019 2:27 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

RBI to cut rates in June, but analysts split on if it should: Report

RBI to cut its repo rate by 25 basis points at its June 4-6 meeting, bringing it to 5.75 per cent - the lowest since...

29 May 2019 11:16 AM IST