RBI announces nine additional measures for strengthening the Economy

Newsroom24x7 Network Cuts interest rates, extends moratorium by another 3 months Exporters and Importers get More Liquidity Domestic Economy to contract in 2020-21, revive gradually in the second half: RBI Governor Mumbai: “It is when the horizon is the darkest and human reason is beaten down to the ground that faith shines brightest and comes… Read More RBI announces nine additional measures for strengthening the Economy

RBI Springs a Shocker Keeps the Repo Rate Unchanged at 5.15 percent

Niranjan Hiranandani Mumbai: The Indian Government has been coming up with measures to boost GDP figures, and a lowering of the repo rate was expected over concerns that growth momentum is slowing down; as also it being necessary to boost liquidity in the economy. In a challenging scenario – and no better term to describe… Read More RBI Springs a Shocker Keeps the Repo Rate Unchanged at 5.15 percent

No gold shifted from India to other countries in 2014 and thereafter

Newsroom24x7 Network Mumbai: Reserve Bank india today, 3 May 2019, stated categorically that no gold was shifted by the RBI from India to other countries in 2014 or thereafter. The RBI statement comes as a rejoinder to certain media reports. Underscoring that the reports in question are “factually incorrect”, RBI has further said thatIt is… Read More No gold shifted from India to other countries in 2014 and thereafter