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RBI BULLETIN OCTOBER
GST rationalisation, festival-related spending supported domestic demand during Oct-Nov: RBI bulletinIndia's economy shows resilience. The Reserve Bank of India's bulletin highlights strong domestic demand in October and November. This boos...
RBI net sold $11.88 billion in October to arrest rupee's fall, bulletin showsThe Reserve Bank of India sold a net $11.88 billion in the foreign exchange market in October, data released on Monday showed, reflecting ...
India’s growth momentum strengthens on festive demand, resilient consumption: RBI BulletinIndia's economy accelerated in October, driven by strong festive spending, robust urban and rural consumption, and GST rate cuts. Despite e...
RBI purchases $9.6 billion in September to curb rupee's appreciation amid Fed rate cut buzzThe Reserve Bank of India (RBI) purchased a significant $9.6 billion in September to curb the rupee's appreciation amid strong foreign inve...
RBI defends currency strategy, says interventions aim to shield economy from global risksThe Reserve Bank of India (RBI) defended its management of the rupee, stating its interventions in the foreign exchange market are necessar...
Banks leaned more on short-term debt for funding needs this fiscalBanks have faced pressure to mobilise funds through various avenues over the past couple of years as credit growth has outpaced deposit gro...
India "not out of the woods yet" on inflation - RBI bulletinIndia's annual retail inflation eased to a four-month low of 4.87% in October but remained above the RBI's 4% target. The central bank expe...
Investments and festive boost to lift Q3 GDP: RBIIndia’s gross domestic product (GDP) expanded 7.8% in the first quarter of FY24, through which the RBI expects the economy to grow 6.5%. An...
"Modi govt made fun of public": Mallikarjun Kharge takes dig at CentreOn Sunday, Congress national president Mallikarjun Kharge criticized the ruling Bhartiya Janata Party (BJP), alleging that the BJP had "moc...
Congress cites RBI data to question govt's economy managementCongress leader Jairam Ramesh said RBI's October bulletin, compared to the previous one, showed the continuing or worsening of a range of n...
Mismanagement of economy by Modi govt continues, vast majority of Indians suffering: CongThe Congress party in India has expressed concern over the economic trends highlighted in a recent bulletin by the Reserve Bank of India (R...
India gaining momentum amid global uncertainty with moderating inflation, less volatile rupee: RBI BulletinThe Reserve Bank of India (RBI) has stated in its October bulletin that India is gaining momentum despite global uncertainty. Inflation has...
RBI replenishes forex reserves, buys $7.4 billion in spot market in MayThe RBI purchased $7.37 billion in the spot market in May and did not make any dollar sales, data in the central bank's July 2023 bulletin ...
Softening of commodity prices and other costs boosted corporate performance: RBI BulletinThe Reserve Bank of India (RBI) bought a net of $4.36 billion in the spot foreign exchange market in November, data released on Thursday sh...
RBI bought net $4.36 bn in spot forex market in NovemberApart from the net purchase in the spot market, the central bank's forward dollar holdings jumped, according to the bulletin on Thursday. T...
Economy may revive earlier than projected: RBIIncoming data for the month of October 2020 have brightened prospects and stirred up consumer and business confidence. With the momentum of...
- Rupee hits new record low of 52.77 per dollar
Traders said possible buying by local oil importers, the biggest buyers of dollars in the local forex market, also pressured the currency.