New Delhi, Dec 5 (SocialNews.XYZ) The Finance Ministry late on Thursday said that it welcomes the Reserve Bank’s accommodative stance towards further rates in the future, while remaining silent on the central bank’s decision to…
New Delhi, Dec 5 (SocialNews.XYZ) With the Reserve Bank’s Monetary Policy Committee (MPC) keeping the repo rate unchanged, real estate developers have expressed their discontent over the status quo, saying that further rate cuts are…
New Delhi, Dec 5 (SocialNews.XYZ) The Reserve Bank of India on Thursday noted that in the credit market, the 1-year median marginal cost of funds-based lending rate (MCLR) has declined by 49 basis points and…
Mumbai, Dec 5 (SocialNews.XYZ) The surprise decision by the Reserve Bank of India (RBI) to take a “temporary pause” in reducing key lending rates and its revising the country’s projected GDP growth rate to a…
Mumbai, Dec 5 (SocialNews.XYZ) Raising concerns of higher inflation in the near term, Reserve Bank Governor Shaktikanta Das on Thursday observed that recent announcements by the telecom operators to raise tariffs will add to the…
Mumbai, Dec 5 (SocialNews.XYZ) To develop secondary market for corporate loans, the Reserve Bank of India will facilitate the setting up of a self-regulatory body (SRB) for such transactions. “As recommended by the Task Force,…
Mumbai, Dec 5 (SocialNews.XYZ) As the Reserve Bank of India (RBI) in a surprise move kept the repo rate unchanged on Thursday, causing the markets to go jittery, RBI Governor Shaktikanta Das defended the decision…
New Delhi, Dec 5 (SocialNews.XYZ) In apparent pessimism following declining GDP and job uncertainty, a Reserve Bank of India (RBI) survey has found Indian consumers cutting down on their discretionary spends. Not only consumers, even…
Mumbai, Dec 5 (SocialNews.XYZ) Upsurge in food prices is expected to keep retail inflation rate rising in the near-term, the Reserve Bank of India’s Monetary Policy Committee said on Thursday. However, the MPC noted that…
New Delhi, Dec 5 (SocialNews.XYZ) Capacity utilisation at factories has further slipped raising fresh concerns over private investment and worries for the Modi government which has been facing opposition heat on economic issues. As per…
New Delhi, Dec 5 (SocialNews.XYZ) With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth…
Mumbai, Dec 5 (SocialNews.XYZ) The Indian equity market witnessed a shock on Thursday afternoon as the Reserve Bank of India (RBI) kept the repo rate unchanged, and both the BSE Sensex and the Nifty50 on…
Mumbai, Dec 5 (SocialNews.XYZ) When the RBI governor announces the decision of Monetary Policy Committee today all eyes would be on the quantum of policy rate cut. India’s central bank is just 40 basis points…
New Delhi, Dec 5 (SocialNews.XYZ) Enhanced public spending for infrastructure creation and further dose of economic stimulus by the government would hold the key to accelerate India’s GDP growth with further reduction in lending rates…
Mumbai, Dec 5 (SocialNews.XYZ) The Reserve Bank of India is expected to administer another booster dose of lending rate cut to break the slowdown induced downward growth spiral rather than change its stance to inflation…