India’s latest inflation data has landed like a cool breeze in the sweltering summer of economic uncertainty.
With the MoU coming into play, the entities will cooperate with each other in the areas of mutual interest where they will share relevant intelligence and information, available in their respective databases.
The softening of CPI inflation will boost India’s private final consumption expenditure, the largest component of the GDP, industry leaders said on Tuesday.
India's central bank has once again stepped in with a measured response to the growing economic uncertainty by cutting the repo rate by 25 basis points, bringing it down to 6 per cent.
With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
The results of the auctions will be announced on the same day and the payment by the successful bidders will be made on April 8.
He was speaking at the opening ceremony of RBI@90, a programme marking 90 years of the Reserve Bank of India (RBI) in Mumbai.
“The RBI must address the aspirations of the youth and develop ‘out-of-the-box’ policies for all these emerging sectors to help the youth,” urged the PM.
The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.
India recent economic indicators paint a mixed picture, marked by a noteworthy reduction in the current account deficit (CAD) alongside persistent challenges in the trade balance.
