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 — ...