RBI Hikes Rates By A More Modest 0.35% To 6.25%, Cites Slowing Inflation
The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing slowing inflation, after three consecutive 50-bps (basis points)…
Asian Development Bank Cuts India’s GDP Forecast For 2022-23 To 7%
Asian Development Bank has slashed India’s economic growth projection for 2022-23 to 7%New Delhi: The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7 per…
Rupee’s Losses Limited By RBI Hike; Recovers A Touch From Record Low
Rupee gains a touch after RBI rate hike and hawkish policy path signalThe rupee recovered slightly on Wednesday from its record low close of 77.78 per cent in the previous…
India’s Economic Growth Projection For 2021-22 At 9.1%: Survey
FICCI survey drew responses of economists from industry, banking and financial services sector.New Delhi: The Indian economy is expected to grow at 9.1 % in the financial year 2021-22 (FY22),…
India’s Economy Contracts 7.3% In FY21, Worst In Over Four Decades
The fourth quarter numbers recorded a growth of 1.6 per cent.The prevailing Coronavirus pandemic has affected India’s gross domestic product (GDP) numbers for January-March quarter and also for the financial…