Speaking at the post monetary policy press conference, Governor Das once again used the metaphor of an "elephant" to describe the current state of inflation, noting it has declined slowly.
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While sales in the luxury segments are expected to be strong, those looking for homes in the affordable segment may put off buying homes as they are the most price sensitive
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RBI highlighted several key factors contributing to this positive trend, including enhanced provisioning for bad loans, sustained capital adequacy, and increased profitability.
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To enhance the seamless usage of UPI Lite and in response to stakeholder feedback, a proposal is underway to integrate UPI Lite into the e-mandate framework
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The food inflation is still above the normal limit and continuously posing a challenge to the deflation process of RBI
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SBI Research anticipates that when the rate cut cycle does commence, it will likely be shallow
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This essentially means 97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system
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The RBI report further adds "Fast Payment System (FPS) collaboration with group of countries like EU and SAARC, as well as multilateral linkages will be explored".
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The RBI said in its annual report on 30 May that it has finalised a strategic plan for the financial year 2024-25
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Sanjeev Sanyal, a noted economist and a member of the Economic Advisory Council to the Prime Minister of India, taking to X on Friday, wrote that India will now hold most of its gold in its vaults.
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