India’s central bank cuts repo rate by 25 basis points, changes stance to ‘neutral’
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced repo rate by 25 basis points to 6.25 per cent per annum from 6.5 per cent p.a. …
Retail inflation declines to 17-month low in November 2018 at 2.33%
Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and …
Fitch cuts India’s growth forecast to 7.2% for FY19
Fitch Ratings has lowered India’s GDP growth forecast to 7.2 per cent for current fiscal citing higher financing cost and reduced credit availability. In …
China declines India’s proposal for renminbi-rupee trade
China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with …
India’s consumer price index (CPI) inflation remains below target in October 2018
In India prices of key food items from vegetables to sugar and pulses continue to run well below last year, keeping retail inflation below the central bank, …
UBS cuts India’s growth estimate to 7.3%
Swiss brokerage UBS has lowered India’s growth estimate to 7.3 per cent from the earlier 7.5 per cent, citing a likely deceleration in the second half of …
RBI’s gold assets rose by 6.8 tonnes to 579.9 tonnes in Sept, says WGC
The Reserve Bank of India (RBI) purchased 6.8 tonnes of gold in September 2018, taking its total gold reserves to 579.9 tonnes, the World Gold Council said, …
India’s central bank buys gold for the first time in 9 years to diversify assets
The Reserve Bank of India (RBI) has said it added 8.46 tonnes of gold in its kitty during the last fiscal in its efforts to diversify the country’s foreign …
India’s central bank amends Gold Monetisation Scheme to make gold deposits more attractive
The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) to make it more attractive, revamping the scheme aimed at enabling …
India’s central bank retains 2018-19 GDP growth forecast at 7.4 per cent
The Reserve Bank of India (RBI) has retained growth projections for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher …