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Rupee slips to record low but central bank steps in to curb losses The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards (NDF) market and from importers while intervention by the central bank kept a lid on losses, traders said. The rupee weakened to a low of 84.88 to the U.S. dollar, down 0.04% on the day. The currency was quoted at 84.8750 at 10:00 a.m. IST. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India (RBI), traders said. Heightened d...
Rupee slips to record low but central bank steps in to curb losses
Rupee slips to record low but central bank steps in to curb losses
Source: Reuters
2024-12-12 08:54:08 am
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.  Inflation is expected to ease towards the end of this fiscal, given healthy agricultural output. When the rabi, or winter, crop reaches the market, vegetable prices tend to correct sharply. “Easing food inflation, coupled with benign non-food inf...
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
Source: IANS
2024-12-07 06:06:45 pm
RBI decisions to ensure better balance between growth, inflation: Industry chambers Leading industry chambers on Friday welcomed the RBI decisions especially around the repo and cash reserve ratio (CRR) rates, saying that these measures would ensure a better balance between growth and inflation management.   They appreciated the calibrated steps undertaken by the central bank during its three-day Monetary Policy Committee (MPC) meeting, including cutting the CRR significantly from 4.5 per cent to 4 per cent. "It will not only enhance the liquidity in the econ...
RBI decisions to ensure better balance between growth, inflation: Industry chambers
RBI decisions to ensure better balance between growth, inflation: Industry chambers
Source: IANS
2024-12-06 05:10:23 pm
Changes to India`s cash reserve ratio since June 2000  The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold for the first time in more than four years, effectively easing monetary conditions as economic growth slows. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but the CRR was cut by 50 basis points to 4%, effective in two tranches on Dec. 14 and Dec. 28. The cut was the first since March 2020. F...
Changes to India`s cash reserve ratio since June 2000
Changes to India`s cash reserve ratio since June 2000
Source: Reuters
2024-12-06 03:49:56 pm
RBI raises limit of collateral-free agriculture loans to Rs 2 lakh The Reserve Bank of India (RBI) has decided to raise the limit for collateral-free agriculture loans from Rs 1.6 lakh to Rs 2 lakh to enhance coverage of small and marginal farmers and permit small finance banks to extend pre-sanctioned credit lines through UPI to small borrowers to ensure greater financial inclusion.  The two decisions were announced after the Monetary Policy meeting held here on Friday. At present, banks are required to extend collateral-free agriculture loans up...
RBI raises limit of collateral-free agriculture loans to Rs 2 lakh
RBI raises limit of collateral-free agriculture loans to Rs 2 lakh
Source: IANS
2024-12-06 02:54:30 pm
RBI setting up expert committee for ethical use of AI in financial sector The RBI has decided to constitute a committee to develop a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector, RBI Governor Shaktikanta Das announced here on Friday.  The FREE AI committee will look into a framework that will address critical challenges, including algorithmic transparency and protection of user data, and create a roadmap for sustainable AI integration within the financial sector. "To harness the benefits of these technolog...
RBI setting up expert committee for ethical use of AI in financial sector
RBI setting up expert committee for ethical use of AI in financial sector
Source: IANS
2024-12-06 01:49:40 pm
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday after Reserve Bank of India slashed the cash reserve ratio by 50 basis points to 4%, which has offset the RBI Monetary Policy Committee’s decision to keep the repo rate unchanged at 6.5%. Moreover, fresh foreign fund inflows also supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 8,539.91 crore, exchange data showed. However, firm Ameri...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-06 12:03:44 pm
Indian cenbank holds rates steady; cuts banks`cash reserve ratio The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as economic growth slows. The Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.50% for an eleventh straight policy meeting. The CRR was cut by 50 basis points to 4%, which will infuse 1.16 trillion rupees ($13.72 billion) into the banking system and bring down market interest rates. ...
Indian cenbank holds rates steady; cuts banks`cash reserve ratio
Indian cenbank holds rates steady; cuts banks`cash reserve ratio
Source: Reuters
2024-12-06 11:25:48 am
India cenbank cuts banks` cash reserve ratio to ease liquidity conditions  The Reserve Bank of India (RBI) has decided to cut banks' cash reserve ratio by 50 basis points to 4%, Governor Shaktikanta Das said in his monetary policy address on Friday. The cash reserve ratio, or CRR, is the proportion of deposits that banks need to set aside as cash. The cut will be in two tranches of 25 basis points each, kicking in on Dec. 14 and Dec 28. The reduction in CRR would free up 1.16 trillion rupees in the banking system, Das said. Earlier, the central...
India cenbank cuts banks` cash reserve ratio to ease liquidity conditions
India cenbank cuts banks` cash reserve ratio to ease liquidity conditions
Source: Reuters
2024-12-06 11:18:51 am
Breaking News : RBI Maintains Monetary Stance Of `Neutral`  RBI Maintains Monetary Stance Of  `Neutral`
Breaking News : RBI Maintains Monetary Stance Of `Neutral`
Breaking News : RBI Maintains Monetary Stance Of `Neutral`
Source:
2024-12-06 10:14:58 am
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4% The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to continue with the neutral monetary policy stance and to remain unambiguously focused on a durable alignment of inf...
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4%
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4%
Source: Accord Fintech
2024-12-06 10:08:56 am
Rupee strengthens against US dollar on Tuesday Indian rupee strengthened against the US dollar on Tuesday supported by a weaker American currency ahead of the US Federal Reserve's last meeting minutes and the US Consumer Price Index release for September later this week. Meanwhile, investors also awaiting key policy decision by the RBI's Monetary Policy Committee headed by RBI Governor Shaktikanta Das, which could determine the movement in the rupee over the next few days. Moreover, lower crude oil prices also supported rupee sent...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
2024-10-08 12:26:58 pm
RBI MPC likely to maintain status quo on policy rates: Experts The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday.  After the US Fed rate cut, all eyes are on the RBI MPC meeting scheduled to be held on October 7-9 whether it will follow the path shown by the Fed by starting the rate cut cycle or continue to maintain the status quo on both the policy rates and stance. “We feel that...
RBI MPC likely to maintain status quo on policy rates: Experts
RBI MPC likely to maintain status quo on policy rates: Experts
Source: IANS
2024-10-06 06:06:38 pm
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements.  The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, with the outcome to be announced on Wednesday, October 9. According to the market experts, "The Reserve Bank of Indi...
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Source: IANS
2024-10-06 12:34:43 pm
RBI Governor Begins Monetary Policy Speech RBI Governor Begins Monetary Policy Speech
RBI Governor Begins Monetary Policy Speech
RBI Governor Begins Monetary Policy Speech
Source: .
2023-12-08 10:04:16 am