Piyush Goyal, Minister of Commerce and Industry, at the CII AGM in New Delhi. India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and Industry Minister Piyush Goyal said on May 24. India’s … Read more
The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5%, its … Read more
India’s annual retail inflation for March eased below the central bank‘s upper tolerance level for the first time this year, as food prices softened. Annual retail inflation eased to 5.66% in March from 6.44% in the previous month, government data showed on Wednesday. The Reserve Bank of India targets a range of 2%-6%. A Reuters … Read more
The Reserve Bank of India is likely to announce another rate hike on Thursday, following the bi-monthly review of its monetary policy. RBI Governor Shaktikanta Das is set to address the press at noon tomorrow, with the Monetary Policy Committee having met on April 3 and April 5, with one more day of deliberation set … Read more
Mumbai: Reserve Bank of India governor Shaktikanta Das has said the moderate hike in the policy rate — first since the cycle began last May — gives the central bank the leeway to make appropriate data-driven changes in the policy going forward. The RBI governor stopped short of making any forward looking statement on the … Read more
New Delhi: The Confederation of Indian Industry (CII) Sunday asked the Reserve Bank of India to consider moderating the pace of its monetary tightening ahead of the forthcoming monetary policy review, citing challenges emanating from global headwinds. “Given the headwinds to domestic growth mainly emanating from the global uncertainties, the RBI should consider moderating the … Read more
Arguments for ‘wait and watch’ on future interest rate increases are gathering pace among members of the Monetary Policy Committee as past increases ripple through the system, but Reserve Bank of India insiders are weighing the consequences of financial markets turbulence arising from monetary tightening in developed markets. The Reserve Bank raised the benchmark policy … Read more
The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers. According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy … Read more
The slowdown seen in India’s GDP growth to a four-quarter low of 4.1 per cent in January-March period of 2021-22 was mainly on account of impact of the third Covid wave and high commodity prices, opined experts. Indian economy grew at its slowest pace in a year during January-March, pulling down the Gross Domestic Product … Read more
Reserve Bank of India Governor Shaktikanta Das did what the market wanted him to do – keep rates and monetary stance unchanged. But he said something it didn’t want to hear – that the punch bowl is being taken away. After being a crusader for economic growth during his entire first term and the first … Read more