Reserve Bank

Mumbai: The Reserve Bank of India (RBI) will transfer ₹30,307 crore as surplus to the government for the last fiscal, down 69% from the ₹99,126 crore sent the year earlier. The quantum of transfer is lower than the ₹74,000 crore budgeted…

The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said on Wednesday. The RBI will hike rates by…

A sharp spike in prices of steel and cement coupled with a rise in wages will likely push up the cost of key government-funded infrastructure projects in highways, railways and low-cost housing sectors. Officials in the ministries of…

The Reserve Bank's decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation, Sanjiv Bajaj, the newly-elected president of industry body CII, said on Monday. "I do believe that we are…

In yet another volatile session, the domestic benchmark equity indices trimmed gains after rebounding from Wednesday's lows and settled flat, amid a bout of investor relief after the US Federal Reserve raised interest rates but countered…

MUMBAI: A credit enhancement mechanism offering a partial or full guarantee on corporate bonds could temper the risk perception and help revive the Indian bond market that remains shallow without much liquidity, a central bank research…

The MPC in its meeting kept the policy repo rate unchanged at 4% as expected but what was unexpected was the decision to restore the LAF policy corridor by introducing Standing deposit facility (SDF) (uncollateralised) at 3.75%. SDF is an…

MUMBAI: Bond yields surged despite rate actions on expected lines as a sharp upward revision in inflation forecast and commentary indicated that the stance may have already shifted to ‘neutral’. The introduction of SDF and narrowing the LAF…

The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the…

MUMBAI - The Reserve Bank of India (RBI) will conduct a sell/buy swap auction for $5 billion in the last week of April to achieve three simultaneous goals - arresting a rout of the local unit, draining rupee liquidity, and rationalising the…