A number of big decisions were taken at the RBI’s October review, with Governor Sanjay Malhotra announcing a slew of measures to promote the use of the rupee for international trade. “We have been making steady progress in the use of Indian Rupee for international trade,” said the RBI chief. Here’s a summary of the key measures: …
The Reserve Bank of India (RBI) has given exporters and importers additional time to complete merchanting trade transactions (MTT), easing compliance requirements amid global trade uncertainty. The decision, according to Zee Business sources, is expected to provide relief particularly for small-value transactions. Six months instead of four According to the sources, the RBI has extended…
Stock Market Closing Bell: The benchmark Indian equity indices gave up most of their earlier gains towards the end of Monday’s trading session but still managed to close in positive territory amid mixed market sentiments. The BSE Sensex, which scaled an intra-day high of 81,171.38, ended the day at 80,787.30, up 76.54 points or 0.09 per…
Repo rate vs Loan EMI: In the February, April and June monetary policy committee (MPC) meetings this year, borrowers got huge relief from the Reserve Bank of India (RBI) as the central bank gave a cumulative rate cut of 100 bps. The significant rate cut translated into cheaper loans as equated monthly instalments (EMIs) of…
Indian stock markets swung between gains and losses on Wednesday as investors reacted to the Reserve Bank of India’s decision to keep interest rates unchanged. The cautious tone from policymakers weighed on rate-sensitive pockets, with realty, auto, and consumer stocks pulling the indices lower through the session. The Monetary Policy Committee (MPC) kept the repo…
RBI Repo Rate Unchanged: The Reserve Bank of India on Wednesday kept the benchmark repo rate unchanged at 5.5 per cent, as the Monetary Policy Committee struck a balanced tone between softening inflation and resilient economic growth. The decision unanimously backed by all six MPC members was widely expected, though the central bank’s lowered inflation forecast…