NEW DELHI: Foreign investors have poured Rs 57,359 crore into Indian equities in Sept, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve.With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the…
MUMBAI: Coordination between RBI and govt has helped bring down the trade-off between battling inflation and growth, RBI governor Shaktikanta Das said.RBI has steadfastly maintained that there is no trade-off between growth and inflation in the long term, as low inflation is a prerequisite for sustainable growth. However, its monetary action to curb inflation, besides…
NEW DELHI: The US Federal Reserve reduced interest rates by 50 basis points on Wednesday, marking the first cut in over four years. In its statement, the Federal Open Market Committee (FOMC) said, “In light of progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal…
Public holiday on September 18, 2024: The Reserve Bank of India (RBI) has announced that there will be no trading activities in various financial markets, including government securities, foreign exchange, money markets, and rupee interest rate derivatives, on September 18, 2024. This decision comes after the government of Maharashtra declared the day as a public…
MUMBAI: The new external members of RBI‘s monetary policy committee, who are likely to be appointed by govt this month, are set to face new risks to growth – evident in macroeconomic numbers.RBI governor Shaktikanta Das noted some external risks to growth in a recent speech at a Bretton Woods event in Singapore. Besides Das,…
MUMBAI: RBI governor Shaktikanta Das said that India’s growth potential is around 7.5% or more, higher than the central bank’s 7.2% forecast for the current financial year.The potential growth rate refers to the rate at which the economy can grow over the long term without triggering inflation. The governor made this statement at the Bretton…
MUMBAI: RBI deputy governor M Rajeshwar Rao has said that infrastructure projects face high risks, complicating their financing. He called for a unified approach to infrastructure development, where projects are viewed as part of a larger, connected system rather than as separate efforts.The governor’s statement comes at a time when RBI has proposed new norms…
August 2024 CPI: The Consumer Price Index (CPI) inflation for the month of August 2024 rose marginally to 3.65% versus 3.6% in July, according to the government data. The retail inflation number is well within RBI’s target range of 2-6% and lower than the ideal 4% number. In July 2024, the Index of Industrial Production…
Bank Holidays September 2024: In September 2024, banks across various states in India will remain closed for a total of 15 days, including the second and fourth Saturdays as well as Sundays. The Reserve Bank of India (RBI) publishes a monthly list of bank holidays to help customers plan their banking activities and avoid any…
India Q1 GDP growth: India’s economic growth slowed to 6.7% year-on-year in the April-June quarter, falling short of the 6.8-7% GDP growth expected by most economists. The slowdown was attributed to reduced government spending during the national elections. However, India maintained its position as the fastest-growing major economy, outpacing China’s 4.7% growth in the same…
