The much-awaited Reserve Bank of India’s Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs — with India set to face 25 per cent tariffs from August 7. According to economists, the Central Bank has reasons to consider another rate cut…
The Indian rupee strengthened marginally to 87.53 a dollar Friday on likely intervention from the Reserve Bank of India (RBI), capping off a rough and tumultuous week punctuated with unexpectedly punitive tariffs on US-bound shipments from the country. Traders said sustained portfolio outflows and a significantly higher baseline tariff than anticipated earlier led to substantial…
The Reserve Bank of India (RBI) is likely to review the liquidity management framework in the next few days; sources familiar with the development told Zee Business. The central bank is preparing to change the methods of liquidity absorption and injection. It also plans to make main operations more flexible and market-friendly, the sources said….
Economic activity in India held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity, said RBI in its monthly bulletin.Headline inflation remained below 4 per cent for the fifth consecutive month in June, driven by deflation in food prices, the bulletin said.The global…
The Reserve Bank of India (RBI) has issued an important clarification regarding collateral norms for agriculture and MSME loans. According to the latest guidelines, if a borrower voluntarily pledges gold or silver for a loan, it will not be considered a violation, even in cases where loans are categorized as “collateral-free.” RBI made it clear…
The Reserve Bank of India (RBI) is tightening its grip on credit information companies (CICs) and has laid out a roadmap aimed at improving customer awareness, data accuracy and real-time reporting. According to a Zee Business report, the RBI is actively working on improving the operations of credit bureaus. It has directed regulated entities like banks…