Fed Chair Jerome Powell has made it clear they will keep raising interest rates until they see clear evidence inflation is moving back towards the two percent goal.
Sources say since Ranil Wickremesinghe is viewed as a friend of India, there is every possibility of INR trading getting the go-ahead.
All eyes are on debt-saddled Italy, whose bond yields have already shot up against benchmark German bunds.
Other central banks around the world, including the US Federal Reserve, have moved quicker than the ECB. But they face the threat of spurring a recession as they make borrowing more expensive.
While large players have tokenised their customer card details, many small merchants have been struggling to meet the deadline.
Shakikanta Das said the RBI's tolerance toward high inflation during the pandemic was a necessity and the central bank stands by its decision.
In 2007, the figure stood at 2.92 billion Swiss franc.The money parked in Swiss banks has always been linked to black money being parked outside India.
This is exactly what the Reserve Bank of India wanted to avoid and acted just in time raising rates last month but the larger issue is how long the tightening cycle will last.
An increase was widely expected after official data released in April showed that Australia's inflation rose to 5.1% in the year through March.
The Reserve Bank has been looking at the pros and cons of introduction of CBDC in India and it proposes to adopt a graded approach to introduction of CBDC.
Amid fuel crisis, Energy Minister Kanchana Wijesekera said that posts shared on MPs being given subsidised fuel rates are false.
Sri Lankan President Gotabaya Rajapaksa held talks with former prime minister Ranil Wickramasinghe to possibly lead an interim all-party government.
The Reserve Bank of India’s out-of-turn move to hike repo rates by 40 basis points could be due to April inflation that may well be above the Central bank’s estimates.
Stolen ornaments weighing 342 grams have been recovered from the arrested accused, Deputy Commissioner of Police (East) Pramod Kumar said.
Sri Lanka can overcome economic crisis provided Central Bank is allowed to run independently: Governor
He further said that President Gotabaya Rajapaksa had given him the authority to run the bank independently and also asked him to expedite measures to get the country out of the crisis.
She is believed to be the most senior official associated with the military-run administration to be shot since February last year when the army ousted the elected government of Aung San Suu Kyi.
Businesses and individuals were told in a notice issued Sunday that as of Monday they must convert dollars and other foreign currency into kyats within one day or face legal consequences.
The framework envisages the credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary indicators.
The country’s central bank may have to do a course correction in the forthcoming Monetary Policy Committee meeting slated from April 6-8.
Ajith Cabraal said he stepped down after every member of Sri Lanka's cabinet, aside President and Prime Minister, quit en masse late Sunday to make way for a new administration to manage the crisis.