Tag: The Reserve Bank of India

RBI consultation to change 25 bps cut norm soon

RBI to pump liquidity worth Rs 12,000 cr on Nov 15

Mumbai: The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]

What is Masala Bond?

What is Masala Bond? How can it help the falling rupee?

In a meeting chaired by Prime Minister Narendra Modi on Friday, Finance Minister Arun Jaitley said that the government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices. Addressing the media after attending a meeting to[Read More…]

RBI slaps Rs 5 crore penalty on Karur Vysya Bank

Reserve Bank of India cuts down interest rate to 6%

The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]

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