India’s Economic Growth Slows to 5.4%: Impact on Future Policies
India’s economic growth slowed to 5.4% in the July-September quarter, marking a seven-quarter low and prompting concerns over prospects. The surprise drop led the Reserve...
Tag : Reserve Bank of India (RBI)
India’s Forex Reserves Drop by $3.23 Billion to $654.86 Billion on 6th Dec
According to RBI data, India’s foreign exchange reserves fell by $3.23 billion to $654.86 billion for the week ending 6th December 2024. India’s forex reserves...
Newgen Software Shares Soar 4% on Bagging Order from RBI
Shares of Newgen Software Technologies Ltd jumped 4% in early trading after the Reserve Bank of India (RBI) ordered the company to install and maintain...
RBI Defends Currency Moves to Protect Economy
The RBI stated in its monthly bulletin that India aims to keep its currency stable to safeguard the economy from global risks. They addressed criticism...
Reserve Bank of India (RBI) Issues Framework for Reclassification of FPI to FDI
On Monday, the Reserve Bank of India issued a framework for reclassifying foreign portfolio investor (FPI) investments to foreign direct investment (FDI) if the entity...
RBI Seeks Deputy Governor as Michael Patra Prepares to Step Down in January
Michael Patra, RBI’s deputy governor overseeing monetary policy, will step down when his term ends in January 2025. The RBI has begun inviting applications for...
Manappuram Finance Shares Crash 17% as RBI Bars Arm for Disbursing Loans
Shares of Manappuram Finance crashed 17% on 18 October after the Reserve Bank of India (RBI) prohibited the company’s subsidiary Asirvad Microfinance and other NBFCs...
Shaktikanta Das Raises Concerns Over Relying on AI
Shaktikanta Das, Governor of Reserve Bank of India (RBI) on Monday 14 October said that too much dependence on Artificial Intelligence (AI) could lead to...
RBI Keeps Repo Rate Unchanged at 6.5%, Changes Stance to Neutral
The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5% but has shifted its stance to...
RBI Looking to Cut Interest Rates During the October Policy
It is anticipated that the Reserve Bank of India (RBI) would keep the repo rate, which is the rate at which it lends to banks,...
