RBI

RBI decided to maintain the repo rate at 6.5%; RBI Monetary Policy Meeting highlights

by
RBI decided to maintain the repo rate at 6.5%

The Reserve Bank of India (RBI) has decided to maintain the repo rate, the key benchmark lending rate, at 6.5% during its bi-monthly monetary policy meeting held on August 6-8, 2024. This marks the ninth consecutive time that the RBI has kept the repo rate unchanged. RBI Monetary Policy Meeting Key Highlights: Repo Rate Unchanged: Read more: RBI decided to maintain the repo rate at 6.5%; RBI Monetary Policy Meeting highlights..

IDBI Share Surge 4.57% amid RBI’s fit and proper report on potential bidders

by
IDBI Share Surge 4.57% amid RBI’s 'fit and proper' report

IDBI share price has shown a positive trend recently. As of July 18, 2024, it is trading at ₹91.90, marking a 4.57% increase compared to the opening price of ₹88.10, after the Reserve Bank of India (RBI) issued a ‘fit and proper’ report on potential bidders for the bank’s privatization. This move signals progress in Read more: IDBI Share Surge 4.57% amid RBI’s fit and proper report on potential bidders..

RBI’s Overseas Gold Reserves dropped to 47% as of Mar 2024

by
RBI’s Overseas Gold Reserves dropped t

RBI’s overseas gold reserves (Gold Parked Overseas) are dropped to 47%. As of March 2024, the share of gold held overseas fell to 47%, the lowest since 2017. This reflects a growing trend of central banks sending back their gold reserves. Moving from overseas vaults back to their own countries. In the case of the Read more: RBI’s Overseas Gold Reserves dropped to 47% as of Mar 2024..