July 25, 2025 10:08 PM

Anuradha Thakur nominated as director on RBI Central Board

The Central Government has nominated Anuradha Thakur, Secretary of the Department of Economic Affairs, as a Director on the Central Board of the Reserve Bank of India (RBI), replacing Ajay Seth. According to an official release issued on Friday, Thakur's appointment is effective from July 24, and will remain in effect until further notice. Earlier in the day, RBI Governor Sanjay Malhotra stated that the Reserve Bank’s monetary policies are forward-looking, with the Monetary Policy Committee ...

June 6, 2025 12:26 PM

Sensex welcomes RBI’s jumbo 50-bp rate cut, surges more than 500 points

The Indian benchmark indices surged on Friday after Reserve Bank of India Governor Sanjay Malhotra announced a jumbo 50-basis-point rate cut, from 6 per cent to 5.5 per cent, and a 100-basis-point reduction in the Cash Reserve Ratio (CRR) from 4 per cent to 3 per cent. The impact was immediate. At about 10:46 a.m., the Sensex was 505.70 points, or 0.62 per cent, higher at 81,947.74, while the Nifty gained 168.40 points, or 0.68 per cent, to reach 24,919.30. The Nifty Bank index advanced 682.95...

June 5, 2025 4:24 PM

Sensex Climbs Over 400 Points, Nifty Above 24,750 Ahead of RBI Meet

The Indian stock market closed in the green on Thursday ahead of the Reserve Bank of India's key monetary policy committee (MPC) decision on the repo rate. At the end of trading, the Sensex was up 443.79 points (0.55 per cent) at 81,442.04, and the Nifty gained 130.70 points (0.53 per cent) to close at 24,750.90. On Friday, the MPC's decisions will be announced by RBI Governor Sanjay Malhotra. According to experts, the Central Bank is likely to cut the repo rate by 0.25 per cent. Meanwhile, t...