The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.
India’s inflationary pressures are back in the spotlight, as food prices surge amid unpredictable weather patterns and shifting global dynamics.
Speaking at a media event, the Governor assured that the RBI is prepared to act with strength and agility, likening the Indian economy to a tiger for its resilience amid fluctuating global conditions.
The total value of these banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, which means less than 2 per cent of them are still in circulation.
However, gold reserves, which form part of the foreign exchange kitty, increased by $1.08 billion to $68.53 billion during the week, according to the central bank.
India is leading the global digital revolution, emerging as a frontrunner on the back of its robust digital public infrastructure
In the context of peer-to-peer lending, regulations have positively impacted trust-building, thereby enabling financial innovation adoption, RBI report said.
The RBI-DPI comprises 5 broad parameters that enable the measurement of penetration of digital payments in the country over different time periods.
The Reserve Bank of India (RBI) on Thursday issued a draft circular on the Basel III framework on liquidity standards, which will require banks to set aside more funds to cover their risks.
Union Budget 2024-25 got a thumbs up from most brokerages. However, there remained some apprehensions on the sweeping changes in the capital gains tax regime.
