RBI
RBI Issues Warning About 'Deepfake' Video of Governor Circulating on Social Media
"It has come to the notice of Reserve Bank of India that fake videos of the governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI.".
RBI Governor: Indian Economy Well-Equipped to Handle Global Shocks
Again, the external sector of the country is also not too weak and the current account deficit has remained within manageable limits as it presently stands at 1.1 percent of GDP.
RBI Governor Rules Out Immediate Rate Cut, Cites Ongoing Inflation Concerns
Addressing a media event here, the RBI Governor said, "A change in stance does not mean there will be a rate cut in the very next monetary policy meeting."
RBI Data Shows 60% of Gold Reserves Held Domestically, Increasing by Over 102 Tonnes in April-September
According to RBI's 'Half Yearly Report on Management of Foreign Exchange Reserves: April-September 2024, it maintained safe custody with the Bank of England and BIS, and in gold deposit form, it maintained 20.26 metric tonnes out of 324.01 metric tonnes.
India's Foreign Exchange Reserves Reach $688 Billion as Gold Reserves Increase
In addition, gold now serves as a safe haven against US economic sanctions. Historically, gold is a safe haven asset and has served as a hedge against inflation. And yet, gold has risen to unprecedented levels even though inflation continues to be subdued.
Staying Vigilant Amid Rapidly Changing Global Landscape, Shaktikanta Das
"Inflation is on a declining trend, though we still have a distance to cover. The external sector reflects the robustness of the economy. Forex reserves are reaching new heights. Fiscal consolidation is underway. The financial sector remains sound and resilient," he said in the latest RBI monthly bulletin.
India’s Growth Story Remains Strong, Real GDP Projected to Grow at 7.2% in FY25, RBI Governor
Private consumption - the pivot on which aggregate demand turns - prospects look bright going forward supported by a better agricultural outlook and rural demand.
India's Foreign Exchange Reserves Remain Above $700 Billion
Foreign Currency Assets (FCAs) declined to $612.6 billion as against a weekly gain of $3.51 billion in the Weekly Statistical Supplement issued by the RBI.
Key Factors to Watch Next Week Include RBI MPC, Q2 Results, and IIP Data, Market Outlook
This will shift the focus of the market on the larger side to the Monetary Policy Committee of RBI, scheduled to be held between 7 and 9 October, and the outcome shall be announced on 9 October Wednesday.
India’s Foreign Exchange Reserves Surpass $700 Billion for the First Time
The forex spurted $12.59 billion, which marked the highest weekly increase since mid-July 2023. India joins a very small league in the world, with only three countries crossing the $700-billion mark in reserves: China, Japan, and Switzerland. At a time when the same stood at $616 billion, the foreign currency assets (FCAs) recorded an increase of $10.4 billion. Another component that witnessed growth was the increase of gold reserves to $65.7 billion from $63.7 billion.
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