Economy Archives - Page 8 of 361

Economy

August 5, 2026 5:06 PM

Industry experts hail RBI’s status quo on repo rate

The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged is likely to support homebuyer confidence, boost festive-season housing demand and investment activity across India's real estate sector, as per industry experts. The apex ba...

August 5, 2026 4:00 PM

RBI targets circulation of polymer currency notes by next FY

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said the central bank is targeting the circulation of polymer currency notes by the beginning of the next financial year. “The polymer currency notes have enhanced durability and li...

August 5, 2026 3:47 PM

RBI to resume ‘on-tap’ licensing of urban co-operative banks, review lending rate framework

The Reserve Bank of India (RBI) on Wednesday announced a series of regulatory measures, including the resumption of 'on-tap' licensing for Urban Co-operative Banks (UCBs), a review of concentration risk norms for Rural Co-operative Banks (RCBs), and ...

August 5, 2026 3:19 PM

RBI’s balanced policy stance to support growth, investment sentiment: PHDCCI

The Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent reflects a balanced approach to containing inflation while supporting economic growth amid global uncertainties, the PHD Chamber of Commerce and Industry (PH...

August 5, 2026 2:49 PM

No proposal to prematurely end FCNR(B) incentive scheme: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said there is no proposal to prematurely discontinue the Foreign Currency Non-Resident (Bank) or FCNR(B) deposit incentive scheme, which has helped attract strong capital inflows and b...

August 5, 2026 2:29 PM

India’s services PMI eases to 53.3 in July; export demand, hiring support expansion

India's services sector continued to expand in July, supported by healthy export demand and sustained hiring, although growth moderated from the previous month, according to the HSBC India Services Purchasing Managers' Index (PMI) released on Wednesd...

August 5, 2026 11:13 AM

Domestic demand, manufacturing to drive 6.7% GDP growth in FY27: RBI

The Reserve Bank of India (RBI) on Wednesday revised its real GDP growth forecast for FY2026-27 to 6.7 per cent, up from the earlier projection of 6.6 per cent, while describing India as the world's fastest-growing major economy despite persistent gl...

August 5, 2026 10:09 AM

Indian equity markets open higher ahead of RBI’s policy outcome

Domestic equity markets opened higher on Wednesday ahead of the RBI's policy decision as the headline index surged almost 1 per cent, while global cues were also positive. Sensex started the trading session at 79,055.38, up over 600 points or 0.8 ...

August 5, 2026 8:17 AM

Asia shares surge on tech mood swing, oil retreats

Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields. Japan's Nikkei climbed...

August 4, 2026 4:42 PM

Sensex, Nifty snap 4-day winning run ahead of RBI policy

Benchmark equity indices ended lower on Tuesday, snapping their four-session winning streak, as investors turned cautious ahead of the Reserve Bank of India's monetary policy decision due on Wednesday. Weakness in banking, financial and IT stocks we...

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