85 breached
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
In a significant move to support the agricultural sector and address rising input costs, the Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans, including loans for allied activities.
India's forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ending December 6.
Mumbai Police promptly registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and began an investigation.
Governor Shaktikanta Das said the move would prevent the wrong credits and fraud, in case of the payments made through RTGS and NEFT.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has decided to keep the policy rate unchanged at 6.5 per cent with a majority vote of 5 : 1.
India’s central bank faces a critical decision as it navigates the delicate balance between supporting economic growth and maintaining inflation control.
The six-member committee began deliberations on interest rates and analysing the state of the economy amid tensions in the Middle East. The RBI Governor will announce the MPC decision on October 9.
The RBI, in its statement, said the agreement would be valid till June 18, 2027.
