rbi

Retail inflation Rises Back Up To 7% In August

September 13, 2022
newsdesk

Retail inflation rose to 7 per cent in August, stalling a three-month downtrend on soaring food costs, pressuring the Reserve Bank of India to hike rates more aggressively to tame surging prices even at the cost of the economy. | Read more|

RBI Hikes Rates, Loans To Get Costlier; Inflation Above Target

June 8, 2022
newsdesk

The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent. | Read more|

Govt needs to spend more, not lend more: Rahul Gandhi

August 26, 2020
Newsdesk

Congress leader Rahul Gandhi on Wednesday attacked the government over the state of the economy and said it needs to give money to the poor to restart the economy through consumption. Gandhi said "distractions" through media won't help the poor or make the "economic disaster disappear" | Read more|

RBI cuts reverse repo rate by 25 basis points

April 17, 2020
Newsdesk

The Reserve Bank of India has announced several steps in a move to ease financial stress and to maintain adequate liquidity in the system. This include targeted long term repo operations and providing special refinance to financial institutions like NABARD, SIDBI and National Housing Bank. | Read more|

Covid-19 outbreak: RBI monitoring situation

April 17, 2020
Newsdesk

India’s coronavirus cases have risen to 13,387 including 437 deaths, according to the health ministry figures released on Friday morning. In another development, the consignment of Rapid Testing Kits, finally arrived from China, to be used to test coronavirus disease in areas with no or few cases. | Read more|