RBI Increases Transaction Limits For UPI 123Pay And UPI Lite
The limit for UPI Lite balances has also been increased to Rs 5,000 from Rs 2,000. UPI Lite, available on apps like Paytm, BHIM, and Google Pay, was launched in September 2022 to support quick, low-value transactions. Many banks are already offering this facility
RBI Keeps Repo Rate Steady At 6.5%; Maintains GDP Growth Forecast
On Wednesday, the RBI's MPC decided to maintain the repo rate at 6.5% and upheld its GDP growth forecast for India at 7.2% for FY25.
RBI Projects Robust GDP Growth For FY25 Over Strong Economic Fundamentals
The Reserve Bank of India (RBI) is optimistic about India's economic prospects, forecasting a real GDP growth of 7.2% for FY25.
RBI Governor Shaktikanta Das Projects FY25 Retail Inflation At 4.5% Amid Favorable Conditions
During the MPC meeting on Wednesday, RBI Governor Shaktikanta Das projected retail inflation at 4.5% for FY25.
Sensex Rises Ahead Of RBI MPC Decision
Indian equity indices were trading higher on Wednesday as investors awaited the monetary policy announcement from the Reserve Bank of India (RBI). At 9:48AM, the Sensex was up 251 points, or 0.31 percent, reaching 81,873. Meanwhile, the Nifty gained 81 points, or 0.34 percent, to reach 25,097. Market sentiment remained positive ahead of RBI MPC …
Indian Equity Markets Close Higher Following Election Results
Indian equity, the Sensex rose by 584 points, or 0.72%, to reach 81,634, while the Nifty climbed 217 points, or 0.88%, finishing at 25,013.
Ola Electric Faces Consumer Backlash As Shares Plummet
Ola Electric is under increasing pressure as consumer complaints flood social media, prompting a show-cause notice from the government.
Indian Equity Indices Rise On Strong Performances By UltraTech Cement, NTPC, & L&T
Indian equity indices showed a positive trend, buoyed by strong performances in shares of companies like UltraTech Cement, NTPC, and L&T.
Sensex Slumps 638 Points, Investors Lose over Rs 9 Lakh Crore
The Sensex dropped 638 points, or 0.78%, to settle at 81,050, while the Nifty shed 218 points, or 0.87%, to close at 24,795
RBI Likely To Keep Repo Rate Unchanged Amid Geopolitical Tensions: Experts
Experts expect the RBI to maintain the repo rate as its Monetary Policy Committee begins a three-day meeting amid global uncertainties.
