The apex bank also announces the inclusion of recurring payments for FASTag, NCMC; revises the limit of bulk deposits for SCBs, small finance banks, local area banks
There has been a stable downward movement in core inflation and moderation in food prices; core inflation for FY24 lowest since FY21, says the ministry
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.