RBI

Rajasthan: Around Rs 4.5 crore cash seized from car

With RBI’s decision to cut interest rate by 35 bps, EMIs likely to come down

2:18 pm August 7, 2019

Mumbai: In an unusual move, the Reserve Bank of India (RBI) on Wednesday reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy. The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate. […]

RBI lowers GDP growth forecast to 6.9 pc for FY’20 on demand, investment slowdown

1:44 pm August 7, 2019

Mumbai: The Reserve Bank of India (RBI) on Wednesday marginally lowered the GDP growth projection for 2019-20 to 6.9 per cent from 7 per cent forecast in the June policy, and underlined the need for addressing growth concerns by boosting aggregate demand. The RBI has cut the repo rate by an unusual 0.35 percentage points […]

RBI rate decision, global cues, earnings to drive markets this week: Analysts

2:27 pm August 4, 2019

New Delhi: The RBI’s interest rate decision, US-China trade conflict and quarterly earnings would influence trading in the equity markets this week, say analysts. Participants will also keep an eye on taxation issues following reports that the Prime Minister’s Office and the finance ministry have held talks regarding tax surcharge on FPIs announced in the […]

RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

9:35 pm July 29, 2019

Mumbai: The Reserve Bank has imposed a total penalty of around Rs 26 lakh on two online payment solutions providers One Mobikwik Systems and Hip Bar. One Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh, according to an […]

Forex reserves decline by USD 1.3 bn to USD 422.2 bn

9:09 pm June 21, 2019

Mumbai: India’s foreign exchange reserves declined by USD 1.358 billion to USD 422.2 billion in the week to June 14 due to fall in foreign currency assets, RBI data showed. Foreign exchange reserves had increased by USD 1.686 billion to USD 423.554 billion in the previous reporting week. Forex reserves had touched a record high […]

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