A weak global outlook could improve if geopolitical conflicts are resolved, resulting in a containment of their repercussions on commodity and financial markets, said RBI.
The governor said that structural reforms by the government in recent years have boosted the medium- and long-term growth prospects of the economy.
Speaking at the World Economic Forum annual meeting in Davos, the governor expressed confidence in the effectiveness of monetary policy, stating that core inflation has been steadily decreasing.
India TV's Fact Check team exposed the deceptive images, clarifying that neither the Reserve Bank of India (RBI) nor the Indian government have made any official announcements regarding the issuance of new notes with these themes.
Several exchange-traded funds linked to the spot price of Bitcoin began trading in the United States on Thursday after receiving approval from the Securities and Exchange Commission.
The governor's comments were made in response to the recent approval by the US Securities and Exchange Commission for the creation of bitcoin exchange-traded funds (ETFs) in the United States.
Despite recent regulatory measures by the Reserve Bank of India (RBI), the financial sector remains a focal point in the current bullish market.
The RBI Governor noted that although the world economy is dealing with a number of difficulties, the Indian economy is macroeconomically resilient and has a strong banking system that is sustaining its growth patterns.
The Reserve Bank on Thursday said net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country's domestic financial system remains resilient.
The Government Securities (G-Sec) market will gain depth and liquidity via a healthy securities lending and borrowing market, which will facilitate effective price discovery, according to a notification.
The sender claimed to be from 'Khilafat India' and stated that bombs have been planted at a total of 11 locations in Mumbai. According to the email, the bombs were planted at RBI offices, ICICI Bank and HDFC Bank and the blasts were to take place at 1:30 pm today (December 26).
A post is going viral on social media claiming that the RBI has issued a deadline for exchanging old 100 rupee notes and that they are no longer legal tender. However, India TV's fact-check has revealed that this claim is false.
The RBI decides bank holidays, observing public holidays on second and fourth Saturdays since 2015. No official transition to a five-day workweek is confirmed, emphasizing the lack of Ministry of Finance support. Access the RBI's 2023 holiday list for accurate information.
RBI Assistant Prelims results have been declared by the Reserve Bank of India. The candidates can download the results using their credentials on the login page at rbi.org. Check direct link here.
As the trading day commences, the Sensex has a bearish start, opening at 69,518 points, while the Nifty records a slump, touching 20,906 points.
The surge was primarily fueled by the Reserve Bank's announcement, triggering substantial buying activities, especially in banking and other rate-sensitive stocks.
Business news: Among sectoral indices, IT, teck and bankex rose by 1.08 per cent, 0.97 per cent and 0.89 per cent, respectively. On the other hand, utilities lost by 1.72 per cent and power slid 1.58 per cent. Besides, FMCG fell 1.13 per cent, telecommunication declined 0.73 per cent.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Retail inflation in India though, is in RBI's 2-6 per cent comfort level but is above the ideal 4 per cent scenario.
The Reserve Bank of India said the Rs 2,000 notes, that were in circulation till May 19 this year, continue to be legal tender.
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