NEW DELHI: SBI in its latest report has projected India’s GDP growth at 6.3 per cent for FY25, which is below RBI’s 6.6 per cent forecast. The first two quarters of FY25 show an average growth of 6.05 per cent.“We believe that GDP growth for FY25 will be lower than the RBI’s estimate and we…
MUMBAI : To track online frauds, RBI has introduced artificial intelligence application MuleHunter.AI to identify and alert banks about ‘mule accounts’ used to siphon off defrauded funds.RBI deputy governor T Rabi Sankar explained the purpose of MuleHunter.AI, calling it “an infrastructure-level setup”. He said, “It will use databases from all banks and payment system operators,…
NEW DELHI: Domestic stock indices are preparing for the Reserve Bank of India’s (RBI) monetary policy decisions, which are expected to provide fresh direction to the markets in the coming week.India’s Gross Domestic Product (GDP) growth slowed to 5.4 per cent in Q2 FY25, marking the lowest growth rate in two years.During the past week…
The RBI maintains that its gold reserves serve primarily to diversify its foreign currency assets portfolio. (AI image) The RBI’s strategic gold buying has bolstered India’s foreign exchange reserves, offsetting the significant outflow of foreign portfolio investments that resulted in a $47 billion reduction in reserves over a five-week period.Since December 2017, the RBI has…