SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning. Read further on Dynamite news.
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, Finance Minister Nirmala Sitharaman said. Read more on Dynamite News:
Australian shares rose on Friday and were on track for a fifth straight weekly gain, as an October rate cut by the country’s central bank appeared more certain following weak domestic jobless data that heightened growth concerns.
Former prime minister Manmohan Singh on Wednesday targeted the rift between the Reserve Bank of India and the Modi government, adding the relationship between the central bank and the Finance Ministry has hit a low.
Amid reports of its mounting tension with the RBI, the Finance Ministry Wednesday said the government has “nurtured and respected” autonomy of the central bank and has been holding extensive consultations with it on many issues.
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