RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance

Mumbai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from economists. The Standing Deposit Facility (SDF) rate was set at 5 per cent, while the Marginal Standing Facility (MSF) rate and the bank rate stood at 5.5 per cent. Announcing the decision of the second bi-monthly monetary policy meeting for...

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Ramalinga Reddy resigns as Karnataka minister

Bengaluru: Congress leader Ramalinga Reddy Friday announced that he will tender his resignation from the post of minister, expressing displeasure over allocation of portfolio. The minister said that he was promised the Bengaluru Development portfolio but was made minister for Major and Medium Irrigation projects. The resignation comes after Chief Minister D K Shivakumar allotted the portfolios Thursday night. "I am resigning from my post because I cannot work against conscience,"...

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Annamalai quits BJP, Nitin Nabin accepts resignation

Tamil Nadu state BJP president K Annamalai

New Delhi: BJP National President Nitin Nabin Friday accepted the resignation submitted by former Tamil Nadu BJP state president K. Annamalai from the primary membership of the party. This was confirmed by Arun Singh, National General Secretary and Headquarters In-charge of the party in a press release. "The National President of the Bharatiya Janata Party, Hon'ble Shri Nitin Nabin, has accepted the resignation submitted by the Tamil Nadu Ex. State President,...

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Russian President Putin pledges non-interference in ‘delicate’ India-China relations

Vladimir Putin

St Petersburg: Russian President Vladimir Putin Thursday said that Moscow will not interfere in the "delicate" bilateral relations between India and China, expressing confidence that both New Delhi and Beijing are committed to resolving their long-standing boundary disputes amicably. In a wide-ranging interaction with the heads of major global news agencies, Putin praised both Prime Minister Narendra Modi and Chinese President Xi Jinping and said both leaders are determined to resolve...

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Sanjay Malhotra named new RBI Governor as Shaktikanta Das’ term ends

India’s forex reserves at healthy $682 bn: RBI Governor

Mumbai: Reserve Bank Governor Sanjay Malhotra Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly monetary policy for the current fiscal. The initiatives include the recent agreements...

RBI

RBI hikes FY27 inflation outlook to 5.1%

Mumbai: Reserve Bank Friday projected the retail inflation for 2026-27 at 5.1 per cent, higher from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel. Since May, retail fuel prices have been raised cumulatively by 7.4 per...

RBI hikes equity investment limits for NRIs, OCIs

Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs, he...

RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance

Mumbai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from economists. The Standing Deposit Facility (SDF) rate was set at 5 per cent, while the Marginal Standing Facility (MSF) rate and the bank rate stood at...

Govt exempts foreign G-sec investments from capital gains tax

New Delhi: In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities through an Ordinance issued Friday. The Ordinance has brought changes in the Income Tax Act to provide the exemption. The government has decided to remove the capital gains tax...

RBI cuts FY27 GDP growth forecast to 6.6% amid West Asia concerns

Mumbai: The Reserve Bank Friday lowered its GDP forecast for FY2026-27 to 6.6 per cent from the 6.9 per cent estimated in April, citing elevated energy and other commodity prices as well as continued supply disruptions arising from the conflict in West Asia, which are likely to weigh on economic activity. The central bank also said that...

Rupee jumps 50 paise to 95.24 against US dollar after RBI decision

Mumbai: The rupee appreciated 50 paise to 95.24 against the US dollar Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. At the interbank foreign...

Ramalinga Reddy resigns as Karnataka minister

Bengaluru: Congress leader Ramalinga Reddy Friday announced that he will tender his resignation from the post of minister, expressing displeasure over allocation of portfolio. The minister said that he was promised the Bengaluru Development portfolio but was made minister for Major and Medium Irrigation projects. The resignation comes after Chief Minister D K Shivakumar allotted the portfolios...

Tamil Nadu state BJP president K Annamalai

Annamalai quits BJP, Nitin Nabin accepts resignation

New Delhi: BJP National President Nitin Nabin Friday accepted the resignation submitted by former Tamil Nadu BJP state president K. Annamalai from the primary membership of the party. This was confirmed by Arun Singh, National General Secretary and Headquarters In-charge of the party in a press release. "The National President of the Bharatiya Janata Party, Hon'ble Shri...

Vladimir Putin

Russian President Putin pledges non-interference in ‘delicate’ India-China relations

St Petersburg: Russian President Vladimir Putin Thursday said that Moscow will not interfere in the "delicate" bilateral relations between India and China, expressing confidence that both New Delhi and Beijing are committed to resolving their long-standing boundary disputes amicably. In a wide-ranging interaction with the heads of major global news agencies, Putin praised both Prime Minister Narendra...

 

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