Economy
Govt likely to fund some USD 28 bn of expenditure via off-budget borrowings: sources
India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.
Forex reserves rise by USD 58 mn to record high of USD 461.21 bn
FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed.
RBI may put rate cuts on extended pause after spike in inflation
Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.
WPI inflation surges to 2.59 per cent in December
The rate of price rise for food articles rose to 13.12 per cent during December as against 11 per cent a month earlier.
Govt appoints Michael Patra as RBI Deputy Governor
Patra will serve as the deputy governor for three years from the time of his appointment.
Retail inflation rises to 7.35 per cent, highest in 5 yrs
Surge in food/vegetable prices triggers fresh growth concerns.
RBI buys net USD 6.93 billion in currency market in November: report
The RBI bought USD 7.46 billion and sold USD 530 million in the market in November.
Indian government to seek RBI dividend boost as revenue drops
Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government
RBI announces auction of 63-day Govt of India Cash Management Bill
Cash Management Bills are short term bills issued by the central government to meet its immediate cash needs.
Inflation probably breached RBI target in December: report
India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.