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Source: Business Standard RBI, Reserve Bank of India(Photo: Reuters) 3 min read Last Updated : Oct 09 2024 | 11:56 AM IST As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5 per cent on Wednesday (October 9), governor Shaktikanta Das announced that the…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Business Standard A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added (Photo: PTI) 1 min read Last Updated : Oct 09 2024 | 2:57 PM IST Realtors’ apex body Credai on Wednesday said the RBI should have cut key interest rates to…
Source: Business Standard RBI Governor Shaktikanta Das highlighted adverse weather conditions, ongoing geopolitical conflicts, and a rise in select commodities as the key threats to its inflation forecast.(Photo: Shutterstock) 4 min read Last Updated : Oct 09 2024 | 1:11 PM IST After the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Live Mint Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities…
Source: Business Standard India’s bond bulls are optimistic the central bank will ease its hawkish monetary policy stance. Image: Bloomberg 3 min read Last Updated : Oct 07 2024 | 7:48 AM IST By Subhadip Sircar India’s bond bulls are optimistic the central bank will ease its hawkish monetary policy stance, potentially setting…
Source: Business Standard The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then, it has held the rate at the same leve (Photo: Shutterstock) 5 min read Last Updated : Oct 06 2024 | 1:54 PM IST The Reserve Bank is unlikely to cut the benchmark…
Source: Business Standard It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members. | Photo: Shutterstock 2 min read Last Updated : Oct 02 2024 | 11:15 PM IST Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external…
Source: Live Mint The Fed’s aim is to get ahead of potential labour market challenges and stabilise the US economy amid looming uncertainties. While the cuts are focused on the US, their impact is already resonating across global markets and India is well-positioned to capitalise on them. The Fed’s decision could unlock new opportunities for…
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