[ad_1] MUMBAI: The minutes of the RBI’s monetary policy committee meeting held earlier this month reveal that most members were apprehensive about food inflation. The uncertainty in food prices was clouding the overall inflation outlook, RBI governor Shaktikanta Das said.“In November and December, a resurgence of vegetable price inflation is likely to push up food…
[ad_1] MUMBAI: Foreign exchange reserves jumped by $9.1 billion during the week ended December 15 to $616 billion – the highest level in 20 months.Since the beginning of the financial year, forex reserves have risen by $37.5 billion following dollar purchases by RBI. The central bank has been rebuilding the reserves. [ad_2] Source link
[ad_1] MUMBAI: The RBI, in its draft framework for self-regulatory organisations (SROs) among the entities that it regulates, has said that these bodies must foster consumer protection, fair competition, transparency and innovation. The framework provides for RBI to extend a letter of recognition to entities that fulfil the criteria for SROs.RBI has said that any…
[ad_1] MUMBAI: The RBI‘s latest State of the Economy report warns that the long-term visibility of the 4% inflation goal does not necessarily imply scope for gradual easing as short-term risks of spikes in food prices need to be considered.The report forecasts robust growth for the Indian economy, supported by lower input costs and increased…
[ad_1] MUMBAI: Broad-based strengthening of economic activity in India will likely be sustained and retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from the latest print of 5.6 per cent, according to an article published in RBIbulletin released on Wednesday. The pace of global growth may…