If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
This hike is par for the course - not to fight inflation alone but also to stem currency depreciation
After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees
'Unbridled mushrooming of digital lending apps is a material concern'
Addressing the third edition of the global fintech summit this evening, he said intention of the central bank is not to penalize or stifle anyone but to ensure that everyone follows traffic rules
While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month
Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman
He expects inflation to fall within tolerance band by January-March
Referring to the RBI's foreign exchange reserves as the "solid backbone" of the economy, Das said they provided the firepower to maintain stability in the rupee despite global headwinds
RBI Governor on economic uncertainties to Sri Lanka privatising its national airline, here are the top headlines
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
"We are seeing signs of slowdown globally and it will have an impact on India," Das said in an interview with television channel Zee Business on Friday
The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks
With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival
Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says
The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.
The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate
Sequence of policy measures is expected to anchor inflation expectations, said Das
Das, according to the minutes of the MPC meeting released on Friday, said retail inflation was "unacceptably and uncomfortably" high, as he along with other members proposed a 50 basis points hike