Reserve Bank of India Archives - Page 16 of 22

The UN trade and development body UNCTAD says that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies

In India, 7.3% of the population owned digital currency in 2021,...

Team PGurus - August 11, 2022 0

Global use of cryptocurrencies has increased exponentially during Covid pandemic, says a report Even after the repeated warning from the Reserve Bank of India (RBI)...

Economy

RBI hikes policy rates by 50bps to 5.4% to tame inflation

PGurus Newsdesk - August 5, 2022 1

Loan EMIs to go up after RBI hikes rates by 50 basis points to 5.4% Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) headed...

The Reserve Bank of India raised its inflation projection for this fiscal year to 6.7 percent from 5.7 percent earlier

Economy

India’s inflation may ease gradually in second half of FY23 despite...

PGurus Newsdesk - July 9, 2022 1

Indian inflation expected to cool from October Speaking at the Kautilya Economic Conclave Shaktikanta Das, Governor, Reserve Bank of India (RBI) said that the inflation...

The RBI noted that the growing threat of the crypto-assets ecosystem warrants drastic approaches by national authorities

Investing

RBI slams unbacked crypto assets, stablecoins, DeFi and crypto trading platforms

PGurus Newsdesk - July 1, 2022 0

RBI underscores need for regulatory guardrails to ensure financial stability and consumer, investor protection The Reserve Bank of India (RBI) has come down heavily on...

Mastercard can be everywhere you want it to be, again!

Banking

Reserve Bank of India lifts a yearlong curbs on Mastercard, allows...

Team PGurus - June 16, 2022 0

With RBI clearance, now Mastercard can add new subscribers for its Debit and Credit cards The Reserve Bank of India (RBI) on Thursday lifted the...

The lastest hike of 50 basis points was marginally above its expectations of a 40-basis point rate hike, Moody's said in a report

Economy

Moody’s Analytics predicts another 60-80 bps hike in repo rate this...

PGurus Newsdesk - June 9, 2022 0

Expect another hike in repo rate says Moody's Analytics Soon after the Reserve Bank of India (RBI) raised key lending rates, or repo rate, by...

In early May, the RBI, in a surprise off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 percent, amidst rising inflation concerns in the economy

Economy

RBI hikes repo rate by 50 bps, GDP forecast retained at...

PGurus Newsdesk - June 8, 2022 1

RBI raises repo rate for the second time in 5 weeks At the conclusion of the monetary policy committee's three-day meeting on June 8, the...

A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry

Investing

India finalizing consultation paper on cryptocurrencies: Economic Affairs Secretary

Team PGurus - May 30, 2022 1

Centre drives close to putting together its cryptocurrency consultation paper; will submit soon The Government of India will soon finalize a consultation paper on cryptocurrencies...

The financial markets in India remained vibrant amidst easy liquidity conditions, although the severe second wave of the pandemic during April-May 2021 dampened sentiments

Economy

India’s economic recovery getting entrenched and broadening: RBI report

PGurus Newsdesk - May 27, 2022 0

RBI report shows positive signs for India's economic recovery in FY23 The Reserve Bank of India (RBI) has shown positive signs for the economic recovery...

The decision taken today to raise the repo rate may be seen as a reversal of rate action of May 2020

Monetary Policy

RBI hikes repo rate by 40bps to 4.40%, CRR by 50bps,...

PGurus Newsdesk - May 4, 2022 0

Sensex crashes 1,307 points after RBI's rate hike surprise Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee...