RBI hikes interest rate by 40 bps to 4.40%

Mumbai, May 4 (PTI) The Reserve Bank on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which…

RBI trims FY23 growth forecast to 7.2 pc amid geopolitical uncertainties

Mumbai, Apr 8 (PTI) The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude…