[ad_1] By Brajesh Kumar Tiwari RBI increased the repo rate from 4.40 percent to 4.90 percent on Wednesday. Since May, the Repo rate has increased by 0.90 percent. The repo rate had fallen from the level of 8 percent in January 2014 to 4 percent by May 2020 due to Corona. Last month the Reserve …
[ad_1] With the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) beginning its three-day deliberations today, Jyoti Prakash Gadia, Managing Director at Resurgent India believes rate hike in the June meeting is a certainty. In an interview with Kshitij Bhargava of FinancialExpress.com, Gadia said that a 20-40 basis point rate hike can be expected …
[ad_1] Cryptocurrencies can lead to “dollarisation” of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources. Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including …
Cryptos can lead to dollarisation of economy, RBI officials tell Parliamentary panel Read More »
[ad_1] The rate hike by the Reserve Bank of India (RBI) to control inflation will lead to a “less high growth rate” for the country, as demand is expected to moderate as a result of the central bank’s move, finance secretary TV Somanathan said on Thursday. “When interest rates go up, demand is expected to …
Repo rate hike may slow growth a bit, says finance secretary Read More »
