RBI governor Sanjay Malhotra, in MPC statement, said the main purpose of open-market bond purchases was to infuse primary liquidity & not to influence the currency or bond yields.
India's retail inflation fell sharply to record low of 0.25% in Oct, data by MoSPI showed. This marks a shift from the last MPC announcement, when RBI maintained repo rate at 5.5%.
After keeping rates unchanged in the past two policy meetings, Governor Sanjay Malhotra said there was scope for rates to come down. But the economy is proving resilient in the face of US tariffs.
RBI says 'these instructions have been issued separately for 11 types of regulated entities and are cohesively organised across various regulatory areas'.
It will be tough for Reserve Bank of India Governor Sanjay Malhotra to get right. Rupee is the worst-performing Asian currency this year against the dollar.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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