INDIA INFLATION RATES
RBI keeps interest rates unchanged at 6.5%; Real GDP growth for FY25 projected at 7.2% The RBI left the key interest rates unchanged in its monetary policy review on Friday as it continues to maintain a balance between economic growth and keeping inflation in check. The RBI’s Monetary Policy Committee (MPC) meeting decided to stick to...
07 Jun, 2024, 01.21 PM ISTRBI's First Monetary Policy Announcement Post Lok Sabha Election Results 2024 | Live The RBI-led Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6.5 per cent, focusing on withdrawing accommodation. The central bank is expected to keep the key lending rate unchanged for the eighth consecutive time. Persistent...
07 Jun, 2024, 10.09 AM ISTRBI maintains status quo, keeps repo rate unchanged at 6.5 percent for 7th consecutive time Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent. The repo rate is the rate at which the RBI lends to commercial banks. Announcing the MPC ma...
05 Apr, 2024, 10.30 AM IST
GST revenue collection hits record high of Rs 2.10 lakh cr in April, up 12.4% YoY India's Gross Goods and Services Tax (GST) collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday.GST revenue collection hits record high of Rs...
01 May, 2024, 01.08 PM ISTRBI projects GDP growth at 7%, inflation at 4.5% for FY 2024-2025 The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, the RBI had projected the GDP growth rate of 7 per cent for ...
05 Apr, 2024, 10.54 AM ISTLIVE | RBI Monetary Policy: Will RBI keep rates steady for the fifth consecutive time? With inflation under manageable limits and robust economic growth, the Reserve Bank of India (RBI) is expected to maintain its hawkish policy stance. The current conditions provide policymakers with limited space for contemplating interest rate cuts...
08 Dec, 2023, 10.05 AM ISTLIVE | RBI Monetary Policy: Post Monetary Policy press meet by RBI Governor Shaktikanta Das With inflation under manageable limits and robust economic growth, the Reserve Bank of India (RBI) is expected to maintain its hawkish policy stance. The current conditions provide policymakers with limited space for contemplating interest rate cuts...
08 Dec, 2023, 12.17 PM ISTRBI forecasts 6.5% growth in Real GDP, revises CPI inflation to 5.4% due to vegetable price shocks India’s central bank today raised the inflation forecast for this fiscal year, as prices of food items ranging from humble staples to vegetables and even gourmet offerings spiked, while normal monsoon is seen to be inadequate to rein in the prices.R...
10 Aug, 2023, 11.22 AM IST'Spike in inflation isn't a trend but a one-off': Dinesh Kumar Khara, SBI chairman 'Spike in inflation isn't a trend but a one-off': Listen in to State Bank of India chairman Dinesh Kumar Khara as he talks on inflation and rising interest rates in this exclusive conversation with ET Now's Nikunj Dalmia.'Spike in inflation isn't a ...
15 Sep, 2023, 12.42 PM ISTRBI MPC meeting: Real GDP growth projected at 6.5% for FY 24; inflation at 5.1% RBI expects India's 2023-24 GDP growth at 6.5 per cent, with quarter Q1 at 8.0 per cent, Q2 at 6.5 per cent, Q3 at 6.0 per cent, and 5.7 per cent. The RBI governor Shaktikanta Das, while reading the monetary policy statement on Thursday, said the ce...
08 Jun, 2023, 11.03 AM IST- Retail inflation hits a 25-month low at 4.25% in May
India’s retail inflation eased to a 25-month low of 4.25 per cent in May on an annual basis as against 4.70 per cent in April, showed data released by the Ministry of Statistics on Monday. The consumer-price index (CPI) based inflation has remained ...
12 Jun, 2023, 06.07 PM IST Retail inflation hits a 25-month low at 4.25% in May India’s retail inflation eased to a 25-month low of 4.25 per cent in May on an annual basis as against 4.70 per cent in April, showed data released by the Ministry of Statistics on Monday. The consumer-price index (CPI) based inflation has remained ...
12 Jun, 2023, 06.07 PM ISTRBI chief Shaktikanta Das on monetary policy: India's disinflation process to be slow, protracted The disinflation process in India will be slow and protracted, with the 4% inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "The cumulative impact of our monetary poli...
13 Jun, 2023, 05.43 PM ISTAmazon sees biggest ever Prime Day sale despite rate hikes and inflation; Manish Tiwari decodes key drivers Amazon India had the biggest ever Prime Day despite rate hikes and inflation, according to Manish Tiwari, the Vice President and Country manager of Amazon India. He spoke to ET Now about the demand environment employing AI for driving efficiencies, ...
02 Sep, 2023, 01.15 PM ISTRising heat waves: Will it melt India's economic growth? Heat waves are sweeping almost 90% of India's landscapes and IMD says there won't be a respite anytime soon. Since heat waves affect life in every possible way — a developing country like India gets hit even more.Rising heat waves: Will it melt Indi...
26 Apr, 2023, 12.53 PM IST- Private consumption, rural demand to drive India's growth in Q1 of FY24: RBI's monthly bulletin
India's growth is likely to be driven primarily by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing in the April-June quarter, stated the Reserve Bank of India's monthly bulletin. The article released on...
22 May, 2023, 09.07 PM IST - Private consumption, rural demand to drive India's growth in Q1 of FY24: RBI's monthly bulletin
India's growth is likely to be driven primarily by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing in the April-June quarter, stated the Reserve Bank of India's monthly bulletin. The article released on...
22 May, 2023, 09.07 PM IST Private consumption, rural demand to drive India's growth in Q1 of FY24: RBI's monthly bulletin India's growth is likely to be driven primarily by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing in the April-June quarter, stated the Reserve Bank of India's monthly bulletin. The article released on...
22 May, 2023, 09.07 PM ISTWorld Bank says India one of the fastest-growing economies; cuts GDP growth to 6.3% in FY24 India's GDP is expected to slide down to 6.3 per cent in 2023-24 as against its earlier estimate of 6.6 per cent, mainly due to consumption falling owing to higher borrowing costs, according to a World Bank report released on Tuesday. Since May last...
04 Apr, 2023, 03.24 PM ISTSBI chairman Dinesh Kumar Khara on Inflation, Rate Hikes, SBI MF and more | Full interview Dinesh Kumar Khara, Chairman, State Bank of India (SBI), shares his take on inflation, rate hikes, listing of SBI MF and more. All eyes on MPC meet: Pause likely? Rising rate to sabotage credit growth? Impact of Rate hikes on growth. Inflation: is t...
31 Mar, 2023, 07.03 PM IST