Indian central bank likely intervened to support rupee ahead of rate decision, traders say
The Reserve Bank of India likely intervened to support the rupee before the open of the local spot market ahead of a closely-watched monetary policy decision on Friday, four traders told Reuters. The rupee was quoting at 87.
India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real GDP growth for next fiscal year at 6.7%, and inflation rate at 4.2%.
RBI Governor Sanjay Malhotra Says India Can Clock GDP Growth Rate Of Over 7 Per Cent
The MPC under the central bank projected the Indian economy to clock a growth rate of 6.7 per cent in the upcoming 2025-26 fiscal year (FY26).
Indian state-run firms line up $2 bln bond sales as central bank cuts interest rate
Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut interest rates for the first time in nearly five years.
India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
The Indian government has been steadily lowering its full-year real GDP forecasts, after the economic growth missed expectations by a large margin in the quarter ended September, when its grew by 5.4% — its slowest expansion in nearly two years.
Indian shares little changed ahead of central bank policy decision
By Bharath Rajeswaran (Reuters) -Indian shares were muted on Friday, ahead of the Reserve Bank of India's (RBI) monetary policy decision, in which the central bank is widely expected to cut interest
Indian shares set to open higher ahead of central bank policy decision
Indian shares are set to open higher on Friday, ahead of the Reserve Bank of India's (RBI) monetary policy decision, in which the central bank is widely expected to cut interest rates to support slowing economic growth.
India cuts policy rate for the first time in nearly five years, new central bank governor says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.
The Reserve Bank of India is unlikely to embark on an aggressive rate-cut cycle :DBS
DBS' Taimur Baig welcomes India's trade policy rethink especially as its U.S. trade exposure could turn into a key chokepoint for its softening economy.
Indian banks needs more than a rate cut to boost lending, bankers say
The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since the tight liquidity conditions will prevent banks from passing on the benefits,
RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy
The decision by RBI on Friday to reduce its key rate for the first time in five years comes less than a week after the ...
India central bank governor cautions lenders against rising digital frauds
India's central bank governor on Friday cautioned lenders against rising instances of frauds in digital payments and said ...
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State Bank of India expects margins to stabilise around 3%
State Bank of India on Thursday said it expects to maintain its net interest margin (NIM) at around 3%, after reporting a drop in domestic ...
India announces 'bank.in' domain for all banks
Mumbai: RBI Governor Sanjay Malhotra has introduced an exclusive '.bank.in' internet domain for Indian banks to combat ...