Live Breaking News & Updates on Bi Mpc Meeting June 2023

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What rate hike pause means for EMIs, investors

This is expected to give some stability to the credit market, to boost capital expenditure and investments. The current rate hike cycle will help arrest inflation, and boost investment and consumption sentiment. ....

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RBI MPC Meeting: Reserve Bank keeps repo rate unchanged at 6.5%

RBI MPC Meeting June 2023: RBI Governor Shaktikanta Das said the headline inflation is above the target of 4 per cent and expected to remain so during the rest of the year. ....

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RBI expands scope of e-RUPI digital voucher: Non-banking prepaid payment instruments can now issue vouchers

The e-RUPI vouchers are pre-paid digital tools that a beneficiary receives on phone in the form of an SMS or QR code. The e-RUPI rides on the Unified Payments Interface (UPI) system of the National Payments Corporation of India (NPCI). ....

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Govt allows issuance of RuPay forex, usable at ATMs, POS machines, online sites

RBI MPC announcements: RuPay also allows tokenisation to allow cards to be tokenised on smartwatches, wearables, IoT-enabled devices, and allowing them to conduct card payments. ....

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RBI MPC meeting announcements: GDP growth projected at 6.5% for 2023-24

MPC meeting: RBI Governor Shaktikanta Das projected GDP growth for 2023-24 at 6.5 per cent, with slight tweaks in the quarterly growth estimates. ....

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