Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.
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RBI Monetary Policy Today: Four Things to Watch out For
Gold Silver Reports – RBI Monetary Policy Today: Four Things to Watch out For – The Reserve Bank of India’s (RBI) monetary policy committee (MPC) is scheduled to announce its policy decision at 2:30pm on Wednesday. Given the rising risk of inflation overshooting the central bank’s target, the market is expecting status quo on policy rates.
Bank Borrowings Fall off the Map in June Quarter
Gold Silver Reports — Bank Borrowings Fall off the Map in June Quarter — The Reserve Bank of India’s (RBI) annual report contains another nugget of information that shows up the dismal state of the economy in the June quarter. The total flow of funds to the commercial sector declined by Rs27,300 crore during the first quarter of the current fiscal year (FY18), which shows that companies paid off past debt rather than borrow.
RBI Sends Second List of 26 Defaulters to Banks
Gold Silver Reports — The Reserve Bank of India (RBI) has sent commercial banks a second list of at least 26 defaulters with which it wants creditors to start the process of debt resolution before initiating bankruptcy proceedings, three bankers aware of the development said.
RBI Clears Proposal to Introduce Rs200 Notes
Gold Silver Reports — The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs200 denomination, two people aware of the development said.
RBI Policy Interest Rate Unchanged – Raghuram Rajan
Gold Silver Reports — RBI kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while cautiously signalling it could cut later this year if monsoon rains, and other factors, dampen upward pressure on food prices.
RBI Is Widely Expected to Keep Its Policy Interest Rate Unchanged
Gold Silver Reports — RBI Governor Raghuram Rajan, a much admired former International Monetary Fund chief economist, could be chairing his penultimate policy review, with investors waiting to hear whether the government plans to extend his 3-year term beyond September.