RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
Sebi insists on creating better awareness among investing community in a meeting with brokers MUMBAI: Faced with teething troubles with the Closing Auction Session (CAS), officials at markets regulator Sebi on Wednesday interacted with representatives from large broking houses to understand the problems and asked them to make investors aware of the system. CAS is…
The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
Luis Figo launches brutal attack on Infantino and demands he leaves FIFA/Image: AP, EFE Luis Figo has called on Gianni Infantino to step down as FIFA president, delivering one of the strongest public attacks yet on the embattled football chief as the fallout from the collapsed FIFA Forward Enterprise (FFE) proposal continues to deepen.The former…
FILE – FIFA President Gianni Infantino looks on during the women’s Premier League match between Al Ahli FC and Al Ittihad FC at the Al- Ahli Club stadium in Jeddah, Saudi Arabia, Thursday, Dec 14, 2023. (AP Photo/Manu Fernandez, File) Gianni Infantino’s efforts to contain the growing crisis surrounding his FIFA presidency have reportedly taken…
RBI Governor Sanjay Malhotra addresses a press conference on Monetary Policy Statement and Post-Monetary Policy, in Mumbai, Maharashtra. (@reservebankofindia593/Yt via PTI Photo)(PTI08_05_2026_000027B) MUMBAI: RBI governor Sanjay Malhotra said inflows from the special FCNR(B) deposit scheme for non-residents will have a temporary and limited impact on liquidity, with surplus conditions expected to ease after peaking around…
Reserve Bank of India (RBI) Governor Sanjay Malhotra gestures on MPC policy NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to questions on enabling merchant fees on UPI, Malhotra said it was too early to take a view and…
Market participants said that any appreciation of the rupee beyond the 95-per-dollar mark is likely to trigger fresh demand for the US currency. The rupee strengthened to a one-month high on Wednesday, supported by lower crude oil prices. However, gains were trimmed after the Reserve Bank of India delivered its widely anticipated decision to keep…
President Donald Trump speaks as FIFA President Gianni Infantino listens at a reception at Trump Tower in New York, Friday, July 17, 2026. (AP Photo/Jacquelyn Martin) US President Donald Trump is reportedly prepared to do “everything possible” to help Gianni Infantino remain FIFA president as the football governing body’s chief faces the biggest leadership crisis…