RBI retains coverage charges unchanged at 6.5%; waits for inflation to fall beneath 4% durably

As anticipated, the Reserve Financial institution of India’s Financial Coverage Committee (MPC) stood pat on the coverage repo charge amid the chance of elevated meals inflation spilling over to retail inflation and continued momentum in financial exercise. Additionally learn:RBI Financial Coverage 2024 reactions The MPC has been on pause mode for about 16 months now. … Read more

Banking channels used for unauthorised FX buying and selling platforms: RBI Governor Das

Reserve Financial institution of India Governor Shaktikanta Das | Photograph Credit score: SHASHANK PARADE Continued use of banking channels by sure individuals or entities to fund actions on unauthorised overseas trade buying and selling platforms warrants enhanced vigilance by the banks, in line with RBI Governor Shaktikanta Das. The Governor, in his handle on the … Read more