The Reserve Bank of India has recently flagged a troubling trend ~ rising asymmetries in the shortterm money market rates that threaten the effectiveness of monetary policy transmission.
India's foreign exchange reserves witnessed a spike to USD 665.396 billion during the week ended March 28, the RBI said on Friday. The forex reserve increased for the fourth consecutive week, marking the highest level in nearly five months.
India has lost a towering figure in the Indian economic landscape, former Prime Minister of India, Dr Manmohan Singh.
The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending, it said in its October Bulletin.
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting on Friday announced the policy rate unchanged at 6.5 per cent.
RBI Governor said the Indian economy had made rapid gains and has gradually integrated with the global economy over the years.
The GDP growth of the country was 4.4 per cent in the October-December 2022.
Higher education of the country is set to take a giant leap as for the first time, foreign universities will be able to set up their campuses in India.
Deputy Governor of RBI has warned that greater challenges will emerge as the markets became more developed and interconnected
In Asian markets, Japan's Nikkei was down 316 points, Hong Kong's Hang Seng declines 123 points while China's Shanghai surged 18 points on Monday morning.
