'Banks have been cautious. I think there is still some amount of liquidity sitting there', said Das
In the payments domain, the scope of the existing digital payment architecture has been widened
On June 8, 2023, the Reserve Bank of India announced to keep the key repo rate unchanged at 6.5 per cent. What does this mean for home loan consumers? Watch the video to find out
In the aftermath of the pandemic, the RBI was tolerating inflation at the higher end of the band. Now, the focus is on bringing it down to the 4% target
Stock market live updates: Ahead of the Reserve Bank of India's (RBI) monetary policy outcome, the SGX Nifty, on Thursday indicated a flat start to the bourses, quoting 18,823 levels
RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India governor decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs
Selective rate sensitive stocks may rise up to 12 per cent
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .
The lowest rates being offered in the home loan market today are in the 8.40 to 8.50 for eligible borrowers.
RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'
RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am
The withdrawal process, which started on May 23, will continue until September 30, 2023
Buying by FPI sustains sentiment; strong market breadth, with 2,259 stocks gaining, 1,302 declining on BSE. Four-fifths of Sensex stocks gain
The EBLR serves as a benchmark rate that determines the interest rate applicable to the loan. So, with the hike in repo rate, all existing home loans on floating rates of interest became expensive.
For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum
A change in stance could be inferred by the markets as a definite sign of rates peaking
Central bank communication will be crucial
The withdrawal of the Rs 2,000 note will likely result in a spurt in liquidity. How are the subsequent changes likely to impact you? Read more to find out
Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward