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Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Announcing the decision, RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) unanimously voted to maintain the policy repo rate under the liquidity adjustment facility at 5.25 per cent. Also Read | Why I ...Read More >
New Delhi [India], April 8 (ANI): Real GDP growth for the current year is projected at 6.9 per cent, the Governor of Reserve Bank of India, Sanjay Malhotra, said on Wednesday. The Governor projected that the growth trajectory for the year showed a steady pattern across all four quarters. The central bank estimated first-quarter growth at 6.8 per cent, followed by 6.7 per cent in the second quarter. Projections for the third and fourth quarters stood at 7 per cent and 7.2 per cent, respectively. ...Read More >
Mumbai: The Reserve Bank of India's Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, and to maintain a neutral stance amid geopolitical uncertainties, RBI Governor Sanjay Malhotra said on Wednesday. The RBI expectedly kept the interest rates unchanged amid hopes of a global recovery on the back of a ceasefire in the six-week-long US-Israel-Iran conflict. The policy decision comes as a month-and-a-half-long West Asia conflict has d ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo ra ...Read More >
MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo rate (INREPO=ECI), opens new tab st ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Isreal-Iran conflict. The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India. This is the first monetary policy review after the government announced a fresh inflation ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. The RBI's six-member monetary policy committee voted to keep the repo rate steady at 5.25%. All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC also decided to continue with th ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India is set to announce its first bi-monthly Monetary Policy Statement for the financial year 2026-27 today. Governor Sanjay Malhotra will deliver the decisions of the six-member Monetary Policy Committee at 10 this morning. The committee deliberated on interest rates, inflation outlook, and growth projections since Monday. Speaking to ANI, experts indicated a strong consensus for a status quo on the current repo rate, with most suggesting ...Read More >
(RTTNews) - Indian shares are likely to open on an upbeat note on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, contingent on reopening the Strait of Hormuz, sending oil prices crashing. The ceasefire calls for Israel and Hezbollah to halt fighting in Lebanon, while U.S. President Donald Trump said he was holding off on his threatened attacks on Iranian bridges and power plants. The two-week ceasefire plan includes allowing both Iran and Oman to charge fees on ships transit ...Read More >
BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures. Since the start of the U.S.-Israeli strikes on Iran, oil prices have increased over 50 per cent, raising risks to both growth and inflation. South Korea is the world's fourth-largest importer of oil with around 70 per cent coming from the Gulf region. At ...Read More >
Mumbai: The Indian rupee climbed Tuesday, advancing for three days on the trot, to close at 92.98/$, reflecting the anticipated impact of unwinding of lenders' positions in the overseas forwards markets ahead of a regulatory deadline that aimed to provide support for a unit that lost the most in 14 years last fiscal. The rupee advanced 9 paise from its previous close of 93.07/$. It traded Tuesday in a narrow range as dealers remained on edge about the US deadline to reach a deal with Iran. The ...Read More >
Mumbai, April 7: The rupee depreciated 16 paise to close at 93.06 against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants wil ...Read More >
Mumbai, April 3 (IANS) Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session ...Read More >
India gold and silver prices fall sharply on April 6, 24k gold near Rs 1.37 lakh per 10g in major cities, MCX gold and silver also trade lower amid strong US dollar Gold and Silver Rates In India Today, April 06: Gold and silver prices in India fell sharply on April 6, US and Iran are likely to negotiate for a 45-day ceasefire. In Mumbai, the price of 24-carat gold rose to Rs 1,36,700 per 10 grams, while 22k gold was available at Rs 1,11,850 per 10 grams. These rates do not include GST and maki ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Usman Khawaja Spots Lionel Messi Lookalike in Pakistan (Watch Video). Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action ma ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 16 paise to close at 93.06 against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants ...Read More >
New Delhi, April 7 (SocialNews.XYZ) India's headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI's April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday. The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists. "Growth has remained resilient so far, supported by domestic demand - both private consumption demand and government's ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action may not be effective in addressing the current challenges arising from the ongoing We ...Read More >
Mumbai (PTI): The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market parti ...Read More >
New Delhi: The Reserve Bank of India has accelerated the repatriation of its gold reserves, bringing back over 274 tonnes since March 2023, NDTV reported. Around two-thirds of India's 880.8 tonnes of gold is now held domestically, driven by geopolitical risks and the need for greater liquidity and control, the report said. In parallel, France's central bank, Banque de France, has completed the repatriation of its gold reserves from the Federal Reserve Bank of New York within a year, bringing b ...Read More >
Mumbai: Indian stock markets witnessed sharp volatility on Tuesday. The indices opened weak, saw a quick recovery, but failed to hold gains later in the session. As per latest data, the Nifty 50 was trading at 22,945.70, down 22.55 points, while the BSE Sensex stood at 74,007.92, lower by 98.93 points. The day started on a weak note, with Nifty around 22,950. It soon dropped sharply to the day's low near 22,719, before recovering to above 22,900 levels. However, another round of selling dragged ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Forex traders said the USD/INR pair remains vulnerable to any flare-up in the US-Iran conflict, which in turn would push crude oil prices further. At the interbank foreign exchange market, the rupee opened at 93.05 against the US dollar, then lost gr ...Read More >
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the government's prudent fiscal management over the last decade has created room for the RBI to cut rates and allow the Centre to offer targeted support to affected sectors."It is also important to note that a good public finance policy improves the counter-cyclical capacity of fiscal policy - especially the ability to 'lean against the wind' in economic downturn. Today, many countries with high debt and large deficits have no room to ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi [India], April 6 (ANI): Gold is expected to remain volatile but largely rangebound over the next one month as easing geopolitical tensions, elevated oil prices and uncertainty over interest rates continue to weigh on sentiment, analysts said. "Gold remained below USD 4,700 per ounce on Monday as markets reacted to reports of a possible 45-day ceasefire between the U.S., Iran and regional mediators," said Amit Gupta, Senior Research Analyst - Commodities at Kedia Advisory. "While easin ...Read More >
Mumbai: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal year amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to the ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 basis ...Read More >
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