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MUMBAI: India’s central bank is expected to keep its benchmark rate at a seven-year low this week amid slowing growth in Asia’s third-largest economy.
The Reserve Bank of India became the world’s only major central bank to gain one million followers on Twitter, boosting efforts to foster financial literacy in a society that is traditionally under-banked and vulnerable to frauds.
MUMBAI: The Reserve Bank of India told lenders to set aside more deposits as reserves to curtail surging banking system liquidity that risks stoking inflation.
WELLINGTON: When Reserve Bank of New Zealand Assistant Governor John McDermott said on Friday the New Zealand dollar was overvalued and he would like to see it weaken, it did exactly the opposite and rose to a session high.
SYDNEY: Australia’s central bank has unexpectedly expanded its low-cost funding scheme for lenders as the economy looked set to post its worst contraction since the Great Depression due to the coronavirus pandemic.
MUMBAI: Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.
MUMBAI: The Reserve Bank of India cut interest rates by an unconventional 35 basis points slightly above expectations on Wednesday, its fourth cut in 2019 to try to boost a sluggish economy growing at its slowest pace in nearly five years.
LONDON: Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of England.