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…

High oil prices behind inflation in India, monetary tightening needed: IMF

Washington, Apr 27 (PTI) The surge in oil prices due to the Ukrainian war has pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses…

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

(Reuters) - Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.…

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…

India on cusp of major economic recovery; talks of stagflation ‘overhyped’: Niti Aayog VC

New Delhi, Apr 3 (PTI) India is on the cusp of a major economic recovery and talks of possible stagflation are "overhyped" as a strong economic foundation is being laid…