RBI hikes interest rate

With retail inflation remaining above the comfort level of 6 per cent and most global peers including US Fed continuing hawkish stance, the Reserve Bank of India too may go in for a 25 basis points hike in the bi-monthly monetary policy…

Image Source : PTI Union Finance Minister Nirmala Sitharaman The Reserve Bank of India's (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said,…

Union finance minister Nirmala Sitharaman has said the Reserve Bank of India's (RBI) recent decision to raise the repo rate was not surprising for her and the government but the timing was because it came between the two monetary policy…

Indian equity benchmarks on Wednesday plunged sharply after the Reserve Bank of India (RBI) decided to raise the repo rate by 40 basis points to 4.40 per cent. In the closing session, the 30-share BSE benchmark tumbled over 1,300 points…