Mumbai, Aug 5 (IANS) RBI Governor Sanjay Malhotra said on Wednesday there is no proposal to prematurely close the Foreign Currency Non-Resident (Bank), or FCNR (B), deposit incentive scheme.
New Delhi, Aug 5 (IANS) The Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent reflects a balanced approach to managing inflation risks while supporting economic growth amid global uncertainties, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.
Mumbai, Aug 5 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said the central bank is targeting the introduction of polymer currency notes by FY28 with field trials currently underway to assess their performance before a broader rollout.
New Delhi, Aug 5 (IANS) Artificial intelligence gave a lifeline to developing countries, allowing them to achieve in a decade 'what might otherwise take a century', but only if their governments rapidly close gaps in power, connectivity, skills and institutional quality, a report has said.
New Delhi, Aug 5 (IANS) India's services sector remained in expansion territory in July due to healthy export demand and continued hiring, according to the HSBC India Services PMI data released on Wednesday.
Mumbai, Aug 5 (IANS) The Reserve Bank of India (RBI) on Wednesday announced measures to strengthen the cooperative banking sector and proposed a harmonised regulatory framework for interest rates on advances across all regulated entities to improve transparency in lending rates and enhance consumer protection.
Mumbai, Aug 5 (IANS) The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term.
New Delhi, Aug 5 (IANS) The Indian economy has remained resilient amid persisting global headwinds, RBI Governor Sanjay Malhotra said on Wednesday, adding that high frequency indicators available so far point towards steady domestic demand in Q1 2026-27.
New Delhi, Aug 5 (IANS) Terming India as the fastest-growing economy amid persistent global uncertainties, the Reserve Bank of India (RBI) on Wednesday projected real GDP growth at 6.7 per cent for FY27, 10 bps higher than its previous projection of 6.6 per cent in the prevision Monetary Policy Committee (MPC) meeting.
New Delhi, Aug 5 (IANS) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, while maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting amid the ongoing geopolitical tensions.
