RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts
The Reserve Bank of India (RBI) on Friday slashed the benchmark lending rate by 40 basis points to mitigate the impact of COVID-19 crisis.
Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis
RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade
The Reserve Bank on India (RBI) on Friday said India''s gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted economic activities
The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic
Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months
In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.
The government on Thursday released truncated data for April wholesale price-based inflation saying there was limited transaction of products in the market due to the outbreak of COVID-19
The government did not release the April CPI inflation data on Tuesday as the nationwide lockdown prevented officials from collecting price data at various centres
Fed leaves interest rates near zero; vows to use 'full range' of tools to help economy sinking to its worst crisis since 1930s
In its statement, the Fed also raised concerns about slowing inflation, which is likely to sink further below its 2 percent target level in the coming months.
Govt freezes DA, DR for 1.1 cr central govt employees, pensioners: Here's all you need to know about Dearness Allowance
Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation
Coronavirus Outbreak: UK inflation falls as shoppers turn cautious during pandemic crisis; clothing, footwear prices dip
BoE deputy governor Ben Broadbent said on Monday inflation in Britain was likely to fall below 1% in the coming months.
RBI governor Shaktikanta Das on Friday said the inflation is on a declining trajectory and could fall below the central bank's 4 percent target by the second half of this fiscal amid challenges posed by Covid-19 pandemic
The inflation based on wholesale price index (WPI) eased to 1 percent in March from 2.26 percent in February on a sharp fall in food prices in the country
Coronavirus Outbreak: Economists expect retail inflation to spike in April due to nationwide lockdown
Economists on Monday termed the ease in March CPI inflation to a four-month low of 5.1 percent as a misplaced sense of improvement because the impact of lockdown on food prices will be felt in April
India's GDP to contract by 6.1% in April-June quarter; RBI may cut repo rate by 75 bps in 2020 to push growth: Nomura
The Indian economy will contract by 6.1 percent in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on Monday, expecting another 0.75 percent cut in rates by the RBI to push growth in 2020
The retail inflation based on Consumer Price Index (CPI) was 6.58 percent in February 2020 and 2.86 per cent in March 2019.
Retail inflation likely fell to a four-month low of 5.93% in March on softer food, fuel prices, reveals poll
India’s retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of the month, a Reuters poll found
The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic
Coronavirus Outbreak: RBI firefights COVID-19 impact on economy, seeks to improve flow of credit but threat of rising NPAs real
While the broader goal of inflation management will run the background, the attempt here is to ensure that the slowdown in growth process which is a certainty now is contained.
Coronavirus Outbreak: RBI refrains from giving growth, inflation outlooks; says current GDP projections at risk
The Reserve Bank of India (RBI) on Friday refrained from making any projections for growth and inflation saying the performance of these two key macroeconomic parameters in the days ahead would depend upon the intensity, spread and duration of COVID-19