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Fiscal, monetary and regulatory measures are expected to pave the way for a “virtuous cycle” of higher private investment-led growth, even as global trade uncertainties and external sector headwinds persist, the Reserve Bank of India (RBI) said in its November Bulletin released on Monday.An article on State of the Economy in the Bulletin noted that…
The Indian rupee could come under further strain this week, with traders watching whether the currency edges closer to 90 per US dollar amid limited signs of strong central bank intervention. The rupee touched a record low of 89.49 on the previous Friday and slid 0.8 per cent over the week, driven by portfolio outflows,…
MUMBAI: Several global banks and economists expect a 25 basis points (100 bps = 1 percentage point) repo cut in Dec 2025, possibly ending the current easing cycle. Near-zero CPI inflation in Oct has strengthened confidence that RBI’s monetary policy committee can ease rates even if July-Sept growth exceeds the central bank’s forecast of 7%.A…
NEW DELHI: As AI-generated videos “featuring” Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar and RBI Governor Shaktikanta Das circulate online claiming to offer investment advice, the government on Friday issued a clarification through PIB Fact Check stating that the clips are fake and digitally altered.According to PIB, the videos…
NEW DELHI: RBI governor Sanjay Malhotra said on Thursday that the central bank does not aim for any particular level for the rupee, and depreciation of rupee is driven purely by market demand, with recent depreciation linked to tariffs. “We do not target any level for the rupee,” Malhotra said at an event at the…
India’s central bank should shift away from its neutral monetary policy stance and deliver around 50 basis points of rate cuts over the next 12 months, according to a report by French asset manager Amundi. As per news agency ANI, the firm said the Reserve Bank of India (RBI) may need to act as economic…
7cr from cash van on Dairy Circle flyover BENGALURU: In one of the well-scripted daring daylight dacoities in Bengaluru, five to six miscreants posing as RBI officials looted Rs 7.1 crore from an armoured cash van from a busy flyover in south Bengaluru on Wednesday afternoon.The incident took place between 12.30pm and 1pm when the…
The Reserve Bank of India’s latest export relief package could weigh on the rupee in the near term, with bankers warning that exporters may now delay bringing back their foreign earnings.The measures, announced on Friday, aim to help Indian exporters manage the impact of steep U.S. tariffs but may reduce immediate dollar supply in the…
MUMBAI: Days after govt announced the ‘export promotion mission’ and easier loan flow, RBI has eased repayment rules for exporters by giving them more time to bring in the proceeds and allowing banks to offer temporary relief on trade-related loans. The changes, issued through a Gazette notification on Nov 13 amending Fema rules and a…
The Reserve Bank of India (RBI) on Friday announced a sweeping set of trade relief measures aimed at easing the pressure on exporters battling global headwinds, supply-chain delays and tightening liquidity, according to an ANI report.The relief package — effective immediately — expands export timelines, relaxes credit norms and grants temporary leeway on loan repayments…
