2023-12-14 18:34:55 The latest US Federal Reserve’s statement, signalling three rate cuts next year, is unlikely to change interest rate trajectory in India with the monetary policy committee focussing on domestic factors but could nudge the central bank to revise its stance, say economists. Experts indicate that the Reserve Bank of India (RBI) may change … Read more
2023-07-05 13:05:29 Deal value of India-focussed Mergers & Acquisitions (M&A) slumped 75 per cent between January and June 2023 to hit a six-year low of $32.55 billion ($129.41 billion), according to latest data by Refinitiv. This is even as the number of M&A deals saw an increase of 5 per cent to 1,439 deals (1,368 … Read more
2023-06-07 13:17:55 The Reserve Bank of India’s gold reserves have risen by over 40% since it resumed the purchase of the yellow metal over five years ago. This shows gold has emerged as a strong hedge against inflation and also helped reduce dependence on the dollar to an extent. India’s central bank, unlike others, never … Read more
2023-06-16 14:27:38 Just about 40 percent of the total Rs 1.8 lakh worth of Rs. 2,000 denomination currency has returned to the market in the form of Rs. 500, Rs 200, Rs 100 currency notes and the remaining staying put in the banking system boosting liquidity, RBI data showed. The currency with the public contracted … Read more
2023-05-31 03:00:10 India’s economic growth probably matched government estimates as demand spurred an expansion in the services sector and cushioned the impact of elevated interest rates. Data due Wednesday is likely to show gross domestic product in the year to March 2023 grew 7%, according to the median estimate in a Bloomberg survey that’s in … Read more
2023-05-16 06:12:30 The Reserve Bank of India’s board is expected board to meet on Friday when it is expected to consider a dividend payout to the government, news agency Bloomberg reported on Tuesday citing sources. The report said that the meeting will be held in Mumbai wherein it might review its finances and how much … Read more
2023-05-12 11:41:16 India’s foreign exchange reserves saw a rise of $7.196 billion to $$595.98 billion as on May 5, 2023, data from the Reserve Bank of India showed on Friday. India’s forex reserves reached a 10-month-high of $588.8 billion in the week through April 28, recovering from a drop to $524.5 billion last October, when … Read more