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According to Goyal, it should not be difficult for the RBI to manage higher foreign inflows into Indian government debt as an increase in the GDP and size of the markets should mean these funds can be absorbed without excess volatility.
Modest decline in food's share in consumption, not to impact on CPI much: Varma - Economy News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
RBI MPC: India's policymakers see a 'Goldilocks scenario' with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India's Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
India's policymakers see a 'Goldilocks scenario' with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India's Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
Real Estate Sector Cheers RBI's Decision To Retain Repo Rates, Expects Boost In Affordability & Housing Demand freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India has introduced programmability and offline functionality in its central bank digital currency (retail) pilot.
Currently, the CBDC-R enables only person-to-person and person-to-merchant transactions using digital rupee wallets. However, the regulator will now introduce these additional use cases through pilots in a gradual manner, Governor Shaktikanta Das said in his monetary policy statement on Thursday.
RBI MPC keeps repo rate unchanged at 6.5% pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.
Broader markets are seen outperforming with BSE Small cap index trading in green. BSE Oil & Gas index , BSE Power index , BSE Midcap index, BSE Telecom index and BSE CPSE index are seen trading with gains up to 1.26 percent.