Reserve Bank of India

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

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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..

SEBI warns of rising risks associated with derivative trading craze

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SEBI warns of rising risks associated with derivative trading

The Securities and Exchange Board of India (SEBI) has expressed concerns regarding the rising risks associated with derivative trading in India, particularly due to the significant increase in participation by small and retail investors. The number of Demat and Trading accounts in India has seen a significant surge in recent years, driven by increased investor Read more: SEBI warns of rising risks associated with derivative trading craze..

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

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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..