Benchmark stock market indices gained sharply on Wednesday after the Reserve Bank of India (RBI) went for a smaller interest rate hike of 25 basis points, which economists believe could be the last of the current cycle even as the central bank governor remained non-committal. At the closing bell, the S&P BSE Sensex…
The Reserve Bank of India (RBI) on Wednesday projected that the country’s economy will grow at 7.2 per cent in the Financial Year 2022-23. The central bank has increased its inflation forecast to 6.7 per cent for the current fiscal year. The RBI has kept the real gross domestic product (GDP) growth forecast for…
The Indian economy has not reached the level where the central bank can begin pulling back liquidity as Asia’s third-largest economy is still recovering from the shock of two major waves of coronavirus, Finance Minister Nirmala Sitharaman said on Thursday. I am glad that RBI (Reserve Bank of India) understands…