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Economy
India’s forex reserves at historic high of $651.5 bn, CAD to dip: RBI
Mumbai: With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January - March quarter of 2023-24, RBI Governor Shaktikanta Das said on!-->…
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RBI Governor warns banks, NBFCs over slapping extra fees on customers
Mumbai: RBI Governor Shaktikanta Das on Friday sent a clear message to banks and NBFCs against charging extra fees and high interest rates on loans to customers.
“In general, we have observed that guidelines on Key Facts Statement are!-->…
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Stock markets zoom over RBI’s GDP forecast, Sensex up over 1 pc
Mumbai: The India stock market extended morning gains after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.
The MPC also decided to keep!-->…
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RBI easing FEMA guidelines to facilitate overseas trade
Mumbai: Reserve Bank of India (RBI) has decided to rationalise existing guidelines on the export and import of goods and services in line with the changing dynamics of cross-border trade transactions globally.
RBI Governor Shaktkanta!-->…
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RBI setting up Digital Payments Intelligence Platform to reduce risk of fraud
Mumbai: The Reserve Bank has decided to set up a Digital Payments Intelligence Platform which will harness advanced technologies to reduce payment fraud risks, RBI Governor Shaktikanta Das said on Friday.
To take this initiative forward,!-->…
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RBI hikes limit of bulk deposits for banks, FD investors to gain
Mumbai: The Reserve Bank of India (RBI) has decided to revise the definition of bulk deposits as ‘Single Rupee term deposits of Rs 3 crore and above’ for scheduled commercial banks and small finance banks, central bank Governor!-->…
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RBI bringing in Auto-Replenishment facility for Fastag, NCMC & UPI Lite Wallet
Mumbai: The Reserve Bank of India (RBI) has decided to include payments, such as replenishment of balances in Fastag, National Common Mobility Card (NCMC), etc. which are recurring in nature but without any fixed periodicity, in the!-->…
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RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc
Mumbai: The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory.
However, it has decided to stick to its!-->…
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RBI keeps repo rate unchanged at 6.5 pc to maintain balance between growth and inflation
Mumbai: The RBI left the key interest rates unchanged in its monetary policy review on Friday as it continues to maintain a balance between economic growth and keeping inflation in check.
The RBI’s Monetary Policy Committee (MPC) meeting!-->…
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Sensex jumps 311 points ahead of RBI MPC decision
Mumbai: India equity indices were trading in the green on Friday after a flat open.
On Friday, the decisions of the ongoing Monetary Policy Committee (MPC) to review interest rates will be announced by Reserve Bank of India (RBI)!-->…
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