RBI raises repo rate to 5.5% as inflation risks return despite stronger growth outlook
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 per cent on Wednesday, its ...
Tag: Indian Economy
Rupee slides towards ₹97 as foreign selling and costly oil hit India
MUMBAI — The rupee is edging towards ₹97 a dollar, with the currency taking another hit from heavy foreign selling, ...
India’s external debt hits record $778.2 billion as near-term debt burden rises
India's external debt has crossed $778 billion, reaching a record $778.2 billion by the end of June. The headline debt-to-GDP ...
RBI announces ₹1 lakh crore bond sales to absorb excess banking liquidity
MUMBAI – The Reserve Bank of India is set to remove ₹1 lakh crore from the banking system as surplus ...
India’s economy grows 7.8% in April-June, beats RBI’s 7% forecast
NEW DELHI : India's economy expanded 7.8 percent in the April-June quarter, comfortably clearing the Reserve Bank of India's 7 ...
India allows exporters to receive payments in rupees under new trade rules
New Delhi : Indian exporters can now invoice and receive payment in rupees for a wider range of overseas transactions ...
Indian bank credit grows 19.3% as deposits reach ₹269.41 trillion
MUMBAI: Outstanding bank credit in India climbed to ₹220.78 trillion by July 31, growing 19.3 percent from a year earlier, ...
RBI brings forward FCNR deposit deadline after banks attract $52.3 billion
MUMBAI : The Reserve Bank of India has brought forward the closing date of its special Foreign Currency Non-Resident (Bank), ...
India needs 9.25% growth for 21 years straight to hit developed-nation status by 2047, says NITI Aayog
NEW DELHI : India will need to sustain an average annual nominal growth rate of 9.25 percent for the next ...
Sensex falls 210 points ahead of RBI rate decision, ending four-day winning streak
Indian markets snapped a four-session rally on Tuesday, with the Sensex closing 210.08 points lower at 78,428.95, while the Nifty ...
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