Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors deterred the Reserve Bank of India (RBI) from reducing lending rates.
Instead, it maintained the key lending rates.
Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate — or short-term lending rate for commercial banks, at 4 per cent.
The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.
 .
Hours after Israel confirmed the killing of Hamas chief and mastermind of October 7 attacks,…
The celebrations for 'India Week' commenced in Saudi Arabia on Thursday, as part of Riyadh…
Union Finance Minister Nirmala Sitharaman chaired Tech Leaders Roundtable at the Chamber of Commerce in…
Israel Prime Minister Benjamin Netanyahu on Thursday confirmed that Hamas chief and one of the…
The Ministry of External Affairs on Thursday asserted that Kashmir will always be a part…
Highlighting the inaction of the Canadian government against anti-India elements, the Ministry of External Affairs…