THEBUSINESSBYTES BUREAU MUMBAI, JUNE 6, 2025 In a bold and growth-oriented move, the Reserve Bank of India (RBI) on Friday slashed the benchmark repo rate by 50 basis points, bringing it down from 6 per cent to 5.5 per cent. Announcing the decision, RBI Governor Sanjay Malhotra said the rate cut aims to stimulate economic activity as inflation has dipped ...

Bolangir, November 19, 2024 (TBB Bureau): The Reserve Bank of India (RBI), Bhubaneswar Regional Office, successfully conducted a Town Hall meeting on MSME-related issues in Bolangir on Tuesday. The event aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) by enhancing their awareness of banking facilities and promoting their integration into the formal banking system. The meeting was presided over ...

Mumbai, November 11, 2024 (TBB Bureau): The Reserve Bank of India (RBI) has introduced an operational framework allowing foreign portfolio investors (FPIs) to reclassify their holdings as foreign direct investment (FDI) if they breach the stipulated investment limit. This regulatory move aims to streamline foreign investments and ensure compliance with sectoral FDI policies. Currently, FPIs are restricted to holding less ...

New Delhi, October 9, 2024 (TBB Bureau): The Reserve Bank of India (RBI) has once again opted to maintain the repo rate at 6.5 per cent, signaling a steady approach amid global economic uncertainties. The decision came during the Monetary Policy Committee (MPC) meeting on Wednesday, where the central bank also retained its FY25 real GDP growth forecast at 7.2%. ...

Mumbai, August 8, 2024 (TBB Bureau): The Reserve Bank of India (RBI) has decided to maintain its benchmark interest rate at 6.50% for the ninth consecutive policy meeting, underscoring its continued focus on curbing persistent food inflation and ensuring economic stability. In its latest announcement, the Monetary Policy Committee (MPC) — comprising three RBI officials and three external members — ...