Windfall from RBI to give govt ammunition to fight slowdown, boost capex
The finance ministry has so far not detailed the blueprint of using the surplus from the RBI.
RBI to allow round-the-clock fund transfers under NEFT from December
RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
Rupee sees high volatility post RBI policy decision; inches to 71 level against USD
The domestic currency was trading at 70.91, down by 10 paise over its last close.
RBI keeps retail inflation projection within target for next 12 months
CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.
RBI cuts key rate by 35 bps to boost economic activitiy
RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.
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