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Economy

December 6, 2024 4:29 PM

Indian indices closes flat after RBI MPC decisions

The Indian stock market closed flat on Friday after the announcement of the RBI's Monetary Policy Committee (MPC) decisions on repo and CRR rates, as selling was seen in IT, financial services, and pharma sectors and buying was seen in auto and metal...

December 6, 2024 4:01 PM

Centre gears up to make hallmarking mandatory for gold bullion

The government is preparing to make hallmarking mandatory for gold bullion, a move aimed at ensuring the purity of gold products and protecting consumers from potential quality issues, said Consumer Affairs Secretary Nidhi Khare on Friday. To date, ...

December 6, 2024 3:32 PM

RBI hikes interest rates on NRI foreign currency deposits

The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the ...

December 6, 2024 12:10 PM

RBI Increases Collateral-Free Loan Limit for Farmers to Rs 2 Lakh

The Reserve Bank of India (RBI) has increased the limit for collateral-free loans available to farmers from Rs 1.6 lakh to Rs 2 lakh per borrower. This decision was announced by Governor Shaktikanta Das after the conclusion of the Monetary Policy Com...

December 6, 2024 10:53 AM

RBI holds repo rate at 6.5%, cuts FY25 GDP forecast to 6.6%

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive period, maintaining its neutral monetary policy stance. The decision, made by a 4:2 majority during the Monetary Policy Committee (MPC) m...

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