Monetary Policy: RBI likely to raise repo rates by 25 basis points at Friday's review, say bankers; inflation expected to accelerate
The monetary policy committee will start its three-day meeting from 3 October to decide on the fourth bi-monthly monetary policy. After two successive hikes, the repo rate currently stands at 6.50 percent.
India, which receives twice as much sunshine as European countries, wants to make solar central to its renewable expansion.
The Reserve Bank today imposed a penalty of Rs 5 lakh on US banking major JP Morgan Chase for violation of various norms including risk-management guidelines.