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Retail inflation soars to 8-yr high of 7.79% in April

Retail inflation soared to an eight-year high of 7.79 per cent in April on annual basis mainly due to stubbornly high food prices, remaining above the RBI's upper tolerance level for the fourth......

Services sector activities touch 5-month high in April

Services sector activities improved further and touched a five-month high in April driven by a surge in incoming new work orders that boosted business activity and supported a renewed increase in......

RBI prefers smaller rate hikes: Source

Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a......

RBI hikes interest rate by 40 bps; EMIs to become expensive

In a move that will raise borrowing costs for corporate and individuals, the RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per......

Economy faces headwinds from global spillovers: RBI

The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from......

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