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MUMBAI: The "unacceptably high" inflation trending around 7 per cent mark led the Reserve Bank of India to hike rates by an aggressive 0.50 per cent on Friday, according to governor Shaktikanta Das. Stating that there are signs that…

NEW DELHI: Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI's decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI's decision…

MUMBAI: Non-Resident Indians will soon be able to use Bharat Bill Payment System to pay utility bills and education fees on behalf of their family members in India, the Reserve Bank said on Friday. The Bharat Bill Payment System (BBPS)…

MUMBAI: Reserve Bank of India governor Shaktikanta Dason Friday said the country's economy is an island of stability despite two Black Swan events and multiple shocks. "In an ocean of high turbulence and uncertainty, Indian economy is…

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The Reserve Bank of India today left its inflation forecast for the country unchanged at 6.7% for this fiscal year and the print is only expected to move within the comfort band in the fourth quarter, as price pressures in Asia's third…

MUMBAI: The Reserve Bank of India's key policy repo ratewas raised by 50 basis points on Friday, the third increase in as many months to cool stubbornly high inflation. With June retail inflation at 7%, economists polled by Reuters had…

NEW DELHI: India’s central-bank watchers agree that interest rates will be raised to pre-pandemic levels on Friday, yet they are split on the size of the increase aimed at fighting inflation and propping up a weak currency. Fifteen of 35…

NEW DELHI: ICICI Bank, the second-largest private sector lender, on Monday raised its lending rates by 0.15 per cent across all tenors in anticipation of a rate hike by the RBI later this week. The rates have been increased across all…

MUMBAI: The rupee gained on Thursday, tracking strength in most other Asian currencies and equities, while bond yields eased after US Federal Reserve Chair Jerome Powell eased trader concerns over continued aggressive monetary…