The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards
India’s forex reserves dropped by $1.88 billion to $623.98 billion in the week ended January 17, the RBI said on Friday. Photograph: Jo Yong-Hak/Reuters Earlier, the overall kitty declined by $8.71 billion to $625.87 billion in the week ended January
India’s forex reserves dropped by $8.71 billion to $625.87 billion in the week ended January 10, the RBI said on Friday. Photograph: Dado Ruvic/Reuters Earlier, the overall kitty dropped by $5.693 billion to $634.58 billion in the week ended January
The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava. The noted economist argued that higher
India’s forex reserves dropped by $4.11 billion to $640.28 billion during the week ended December 27, the Reserve Bank said on Friday. Ketan Parekh (Right) Photograph: Lisa Marie David/Reuters In the previous reporting week, the overall kitty had dropped by
The Reserve Bank on Monday said asset quality of banks improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024 on the back of falling slippages
The country’s forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had dropped by $1.988 billion to
