The Central Bank Digital Currency is the future of payments, but there is a right time to launch it, Reserve Bank of India Deputy Governor T. Rabi Sankar said Wednesday. The right time to launch the Central Bank Digital Currency depends on other countries being "ready" for it, as the biggest advantage of this currency is in cross-border transactions, Sankar said at a post-policy press conference. The RBI is in no hurry to launch the digital currency, he said.
So, if you quickly launch it and the other countries have not launched it, that is not the situation we want to be in," Sankar said.
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The Reserve Bank of India's Monetary Policy Committee Wednesday left the policy repo rate unchanged at 5.25% in a unanimous decision, Sanjay Malhotra, the central bank's governor, said. Malhotra said the war in West Asia poses risks to India's economy even as the fundamentals remain strong. The committee also retained its 'neutral' policy stance.
The rate-setting panel's decision was on expected lines. Most economists and market participants polled by Informist had expected the committee to hold the key interest rate and stance. The committee has lowered the repo rate by 125 bps in 2025, the
The rate-setting panel's decision was on expected lines. Most economists and market participants polled by Informist had expected the committee to hold the key interest rate and stance. The committee has lowered the repo rate by 125 bps in 2025, the
The Reserve Bank of India Wednesday projected India's GDP growth in 2026–27 (Apr-Mar) at 6.9%. The central bank also cut its growth estimates for the June quarter to 6.8% from 6.9% and that for the September quarter to 6.7% from 7%.
The RBI projected growth of 7% for the December quarter and 7.2% for the March quarter. But risks to the baseline projection are tilted to the downside with uncertainty remaining elevated due to the West Asia conflict, RBI Governor Sanjay Malhotra said, while giving the projections. "Further escalation and wider spread of the conflict, heightened volatility in gl
The RBI projected growth of 7% for the December quarter and 7.2% for the March quarter. But risks to the baseline projection are tilted to the downside with uncertainty remaining elevated due to the West Asia conflict, RBI Governor Sanjay Malhotra said, while giving the projections. "Further escalation and wider spread of the conflict, heightened volatility in gl
The Reserve Bank of India will remain proactive and pre-emptive in managing liquidity conditions to ensure the financial system has adequate funds to support the needs of the economy, Governor Sanjay Malhotra said after the Monetary Policy Committee’s meeting on Mon-Wed.Liquidity in the banking system has remained comfortable, with an average daily surplus of about INR 2.3 trillion since the last monetary policy meeting on Feb. 6, Malhotra said. The RBI, he said, would ensure sufficient liquidity is available to meet the productive requirements of the economy, indicating continued support for
FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, Monday said its consolidated net revenue growth on year for the March quarter is expected to be in the late twenties, which would be the highest growth in the past 12 quarters. "This strong performance came on the back of acceleration in fashion vertical along with sustained strong performance of beauty vertical," the company said in an exchange filing.
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti
The Supreme Court Monday ordered the Central Bureau of Investigation to initiate within two weeks a preliminary enquiry into award of public work contracts worth INR 12.70 billion in Arunachal Pradesh to firms owned by the family members of Chief Minister Pema Khandu. Preliminary enquiry and consequential investigation, if any, shall cover execution of public works, contracts, and work orders within the period from 2015 to 2025, said the bench of Justice Vikram Nath and Justice Sandeep Mehta.
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an
The Reserve Bank of India’s recent restrictions on foreign exchange trades involving the rupee have created favourable condition for foreign portfolio investors to exit their holdings of Indian government bonds, dealers said. FPIs have taken the opportunity to sell gilts under the fully accessible route at the fastest pace on record.
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route
The Reserve Bank of India's move Friday to tighten control over banks' foreign exchange positions will help to curb the build-up of speculative bets against the rupee, analysts and traders said. However, the RBI's focus on this short-term gain comes at the cost of stepping back from its aim of gradual capital account convertability of the rupee, they said.
The central bank, post market hours Friday, mandated banks to ensure that their net open rupee positions in the onshore deliverable foreign exchange market should not exceed $100 million at the end of each business day, latest by Apr. 1
The central bank, post market hours Friday, mandated banks to ensure that their net open rupee positions in the onshore deliverable foreign exchange market should not exceed $100 million at the end of each business day, latest by Apr. 1
Fitch Solutions company BMI has forecast global gold prices to fall and average $4,600 per ounce in 2026. It also expects prices to remain under pressure as the year progresses due to inflation concerns from higher oil prices on the back of the US-Iran war, fuelling a hawkish pivot in the US Federal Reserve's rate policy.
Gold has been on a strong rally since 2024, with the highest level on record reached on Jan. 29 at $5,645.6 per ounce, driven by geopolitical conflicts and renewed questions on the US Fed's independence, it said in a report. However, after the war in Iran broke out on Feb.
Gold has been on a strong rally since 2024, with the highest level on record reached on Jan. 29 at $5,645.6 per ounce, driven by geopolitical conflicts and renewed questions on the US Fed's independence, it said in a report. However, after the war in Iran broke out on Feb.
India's goods and services tax collections, excluding cess, grew 8.8% on year to INR 2.001 trillion in March, government data released Wednesday showed. Including cess, the GST mop-up rose 2.1% on year to INR 2.002 trillion. The government's total GST collections for 2025-26 (Apr-Mar), excluding cess, were 22.271 trillion, up 8.3%.
Including cess, the government's total GST collections in FY26 were INR 23.258 trillion, up 5.6%. As per the revised Budget estimates, the government's GST collections in FY26 were projected to grow 5.4% on year. "India's GST collections in FY26 provide a strong f
Including cess, the government's total GST collections in FY26 were INR 23.258 trillion, up 5.6%. As per the revised Budget estimates, the government's GST collections in FY26 were projected to grow 5.4% on year. "India's GST collections in FY26 provide a strong f
Tata Motors Ltd.’s commercial vehicle despatches in March rose to the highest level since March 2023, but the year-on-year growth rate slowed to the lowest in the last five months, according to a notice by the company to the stock exchanges Wednesday.
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.In March, the monthly double-digit YoY sales
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.In March, the monthly double-digit YoY sales
Ratings agency ICRA Friday changed its outlook for the Indian aviation industry to negative from stable following the disruptions caused by the military conflict in West Asia. The conflict, which broke out when the US and Israel attacked Iran on Feb. 28, has also led to a sharp depreciation of the rupee against the dollar alongside a hardening of aviation turbine fuel prices, ICRA said in a release. In all, the agency expects earnings pressure on airlines to rise "significantly".
Movement in yields of airlines will be monitored closely by the rating agency as it is linked with jet fuel price
Movement in yields of airlines will be monitored closely by the rating agency as it is linked with jet fuel price
Goldman Sachs has downgraded Indian equities to 'market weight' from 'overweight' earlier, and trimmed its 12-month target for the Nifty 50 to 25900 points from the previous target of 29300 points. The earnings forecast for 2026 has been lowered to 8% from 16?rlier, and that for 2027 has been cut to 13% from 14%. Slower growth, and depreciation of the Indian rupee as a result of high crude oil prices will weigh on the Indian equity market, Goldman Sachs said in a research report.
Goldman Sachs said that the risk-reward ratio for the Indian market is lesser compared to North Asian markets a
Goldman Sachs said that the risk-reward ratio for the Indian market is lesser compared to North Asian markets a
The government has cut the excise duty on petrol and diesel by INR 10 per litre, the finance ministry said in a notification published Friday. It has also levied an export duty of INR 21.50 per litre on diesel and INR 29.50 per litre on aviation turbine fuel.
The excise duty on petrol has been cut to INR 3 per litre from INR 13 per litre. The duty on diesel has been lowered to zero from INR 10 per litre. The move comes at a time when the price of Brent Crude has jumped 47% to over $100 per barrel in the aftermath of the US and Israel launching a joint attack on Iran on Feb 28.
The excise du
The excise duty on petrol has been cut to INR 3 per litre from INR 13 per litre. The duty on diesel has been lowered to zero from INR 10 per litre. The move comes at a time when the price of Brent Crude has jumped 47% to over $100 per barrel in the aftermath of the US and Israel launching a joint attack on Iran on Feb 28.
The excise du
The Organisation for Economic Co-operation and Development sees slower growth and sharply higher inflation in India because of the surge in energy prices driven by the US-Israel war on Iran. The OECD, in its interim economic outlook, said the Reserve Bank of India will have to temporarily raise interest rates in the June quarter to tackle inflationary pressures.
The OECD lowered its forecast for India’s GDP growth in the financial year starting Apr. 1 by 10 basis points to 6.1% and retained the growth forecast for FY28 at 6.4%. The Indian economy expanded 7.8% in the December quarter, based
The OECD lowered its forecast for India’s GDP growth in the financial year starting Apr. 1 by 10 basis points to 6.1% and retained the growth forecast for FY28 at 6.4%. The Indian economy expanded 7.8% in the December quarter, based
India's growth is likely to see a significant slowdown in the March quarter compared to a quarter ago, dragged down by weak private sector activity, Pantheon Macroeconomics said in a report Wednesday. The long-term outlook for India, however, remains "unfazed", the UK-based economic research firm said.
GDP growth in the March quarter may fall to 6.1% from 7.8% in the December quarter, based on the Purchasing Managers' Index reports, economists at Pantheon said. The government's second advance estimate projects GDP growth in the current financial year ending Mar. 31 at 7.6%, which implies tha
GDP growth in the March quarter may fall to 6.1% from 7.8% in the December quarter, based on the Purchasing Managers' Index reports, economists at Pantheon said. The government's second advance estimate projects GDP growth in the current financial year ending Mar. 31 at 7.6%, which implies tha
India's gold market is undergoing a transformation as elevated prices and global uncertainty drive a the sharp shift from jewellery consumption to investment demand, according to a joint report released Wednesday by the Associated Chambers of Commerce and Industry of India and ICRA Ltd.
Global gold jewellery consumption declined 15% in 2024-25 (Apr-Mar) and fell a further 17% year-on-year in the first half of FY26, while investment demand for bars, coins, and ETFs surged 74% in FY25 and another 60% in the first half of FY26, the report said.
India, however, retained its position as the worl
Global gold jewellery consumption declined 15% in 2024-25 (Apr-Mar) and fell a further 17% year-on-year in the first half of FY26, while investment demand for bars, coins, and ETFs surged 74% in FY25 and another 60% in the first half of FY26, the report said.
India, however, retained its position as the worl
The Lok Sabha passed the Finance Bill 2026 on Wednesday. Following this, the Rajya Sabha will discuss and return the money bill, which includes amendments to effect tax changes announced in the Budget for 2026–27 (Apr-Mar).
The provisions in the Finance Bill aim to improve liquidity as well as lower compliance burden for taxpayers, Finance Minister Nirmala Sitharaman said in the Lower House while replying to the discussion on the bill. The government aims to improve ease of living through the proposed amendments to the bill, Sitharaman added.
The provisions in the Finance Bill aim to improve liquidity as well as lower compliance burden for taxpayers, Finance Minister Nirmala Sitharaman said in the Lower House while replying to the discussion on the bill. The government aims to improve ease of living through the proposed amendments to the bill, Sitharaman added.