The Latest Breaking News from RBI

India's central bank raises interest rate to tame inflation

India’s central bank has raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation

The Independent UK · May 4, 2022

Sensex crashes 1,307 points after RBI's rate hike surprise; Nifty settles at 16,678

NEW DELHI: An off-cycle hike in repo rate by the Reserve Bank of India (RBI) spooked equity indices on Wednesday, with the benchmark BSE sensex crashing over 1,300 points.

The Times of India · May 4, 2022

RBI surprises with 40 bps rate increase amid inflation ‘alarm’

RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation

The Hindu · May 4, 2022

Price stability precondition for strong, sustainable growth: RBI report

MUMBAI: Price stability is a necessary precondition for strong and sustainable growth, an RBI report said on Thursday while stressing a series of structural reforms to nurture a durable recovery post-Covid.

The Times of India · Apr 29, 2022

Data | Excess rain, extreme heat hurts mango, lemon production

The excess unseasonal rainfall and extreme heatwave recorded in the last six months across India have adversely affected mango and lemon arrivals, pushing up their retail prices

The Hindu · Apr 29, 2022

Forex reserves down $3.271 billion to $600.423 billion

MUMBAI: The country's foreign exchange reserves decreased by $3.271 billion to $600.423 billion in the week ended April 22, RBI data showed.

The Times of India · Apr 29, 2022

RBI modifies norms for banks on short term crop loan scheme

MUMBAI: Reserve Bank of India (RBI) on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme through Kisan Credit Card (KCC) during the last fiscal.

The Times of India · Apr 28, 2022

Sansad Watch Ep 31: What's the RBI doing to control inflation, and is it enough?

Last week, we told you all about how inflation happens and what the government is doing about it.

Newslaundry · Apr 26, 2022

Anchoring inflationary expectations

Actual individual experiences shape economic behaviour

The Hindu · Apr 25, 2022

Hiking interest rates to tame inflation not 'anti-national': Former RBI chief Raghuram Rajan

NEW DELHI: Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity.

The Times of India · Apr 25, 2022