Swati Bhat

Swati Bhat 3-min read By Swati Bhat MUMBAI (Reuters) - India's central bank is likely to keep rates steady on Wednesday, with

India cannot risk another bout of inflation and the monetary policy committee (MPC) must adopt a cautious approach to lowering interest rates, members of the rate-setting panel said in the minutes of the October meeting.

India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's U.S. presidential election, two sources familiar with the bank's thinking said.

Swati Bhat 2 min read By Swati Bhat MUMBAI (Reuters) - The Reserve Bank of India may ease monetary conditions on Friday by

India on Monday appointed career civil servant Sanjay Malhotra as the new central bank governor in a surprise move that leaves markets guessing about the future direction of monetary policy.

“High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed

India's new central bank governor Sanjay Malhotra has initiated a review of the Reserve Bank of India's inflation and growth forecasting tools to minimise projection errors, four sources said.

In India, there is a "conducive quickening" of high-frequency economic activity indicators in the second half of 2024-25, signalling implicit pick up in real gross domestic product growth for this period, the Reserve Bank of India said in an article titled 'State of the Economy' in the bulletin.

The fire spread to at least 10 tents being used to host the Mela before emergency teams managed to contain it, District Magistrate Ravindra Kumar Mander told reporters.