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.
Microfinance was once applauded as the world's most powerful tool for eliminating poverty. The initial microfinance boom brought many benefits. But it is now widely reported that the effects of microfinance loans on poverty, health and other social outcomes have been ‘small and inconsistent'.
RBI had slashed the repo rate by a total of 115 basis points (bps) since March 2020, to soften the blow from the pandemic.
The announcement was made by RBI Governor Shaktikanta Das after the meeting of the Monetary Policy Committee on Wednesday.
Whether it was techies working in big firms or digital entrepreneurs looking to launch start-ups, they all seemingly had to be in these megacities despite rocketing housing costs, terrible pollution, being quarantined in tight places, and generally suffering a poor quality of life.
The RBI policy shall be formulated with the approval of the board and disseminated widely within the organisation.
