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"In order to attract more capital inflows, RBI has decided to increase the interest rate ceilings on FCNR (B) deposits. Accordingly, with effect from today (December 6, 2024), banks are permitted to raise fresh FCNR(B) deposits of 1 year to less than 3 years maturity at rates not exc...
this month and economists now expecting a slight slowdown in growth has tipped the scales slightly in favour of a rate cut. a slim majority of economists, 30 of 57, in an oct. 21-29 reuters poll said the rbi will cut the repo rate by 25 basis ...
Opinion: Inflation not yet off priority Successive rate hikes began with a 40 bps hike from 4% at an off-cycle meeting in May 2022, its first rate increase in nearly four years and, therefore, “it is now necessary to evaluate the cumulative effect of rate hikes”. Early signs of a ...
Reserve Bank today kept the key interest rates unchanged citing elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows. The repo rate at which the RBI lends to the system has been retained at 7.25 per cent, while the...RBI leaves repo rate...
Today, the Reserve Bank released the June 2023 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement June 8, 2023, seven speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Weather Events and their Impact on Growth and...
Google also announced Project Mariner, a browser-based AI agent prototype built with Gemini 2.0 that can navigate web interfaces autonomously. It demonstrated an 83.5% success rate on the WebVoyager benchmark for completing real-world web tasks. The prototype can interpret browser content including ...
Today, the rate of 10 grams of gold is Rs 79,621. If somebody wishes to purchase 1 kg of gold, s/he will need to invest about Rs 80 lakh. Gold has actually ended up being more costly by more than 200 percent in the last 10 years. On the event of...
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Joshi was responding to anewsreport by The Times of India (TOI). The report explored the “theory”, as TOI called it, that ride-hailing apps’ algorithms were programmed to charge Apple users higher. TOI conducted a quick test in Chennai, which supported the theory, though the sample size...