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The latest move followed a jump in a key gauge the Reserve Bank of India uses to guide monetary policy, which rose to 5.78% on Wednesday, above its 5.5% benchmark.
RBI to conduct overnight VRRR auction on Thursday to absorb Rs 50,000 crore as call and Tri-party repo rates remain below ...
RBI conducts VRRR auction to manage surplus liquidity in banking system, accepting offers worth Rs 2,00,027 crore at 5.49%.
India's overnight rates surpass RBI's key rate due to tax outflows, impacting liquidity absorption auctions and banking ...
Central bank’s ability to support Govt while maintaining financial stability is welcome but should not be taken for granted ...
MUMBAI, May 23 (Reuters) - The Reserve Bank of India's board approved the transfer of 2.69 trillion rupees ($31.53 billion) as surplus to the federal government for the fiscal year ended March as ...
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The ...
The surplus is expected to be between 2.6 trillion rupees and 3 trillion rupees ($30.4 billion to $35.1 billion), IDFC First Bank economists said in a report earlier this month.
India's Monetary Policy Committee, which consists of three members of the Reserve Bank of India and three external members, cut the key repo rate by 25 basis points to 6% earlier in April while ...
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India Central Bank Kicks Off Easing Cycle to Boost EconomyNoting that nearly a fifth of India’s exports go to the U.S., they think Modi will want to show Trump that he is serious about addressing the trade surplus, which grew to $37 billion in the 12 ...
India's policy repo rate, the mid-point of the corridor, stands at 5.50%, while the standing deposit facility (SDF) rate, the floor of the corridor, is at 5.25%.
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