India's central bank has introduced measures to curb speculative bets on the rupee, but analysts say fundamental pressures could push the currency toward the 100‑per‑dollar threshold by 2027.
Posts tagged as “RBI”
Finance Minister Nirmala Sitharaman said the government will entertain suggestions on scrapping LTCG tax and highlighted RBI actions, semiconductor plans and a $4.5 trillion infrastructure pipeline.
A report by IIT‑Bombay professors recommends cutting the UPI merchant discount rate to 0.08%, eliminating banks' 70% share of revenue and directing funds toward the platform’s upkeep.
The Reserve Bank of India raised its repo rate by 25 basis points to 5.5%, prompting the Sensex to fall over 500 points and the Nifty 50 to slide below 22,600.
Analysts expect the Reserve Bank of India to lift the repo rate by 25 basis points, its first increase in nearly four years, while equity indices endure an eight‑week losing streak.
Tata Trusts has outlined a plan to merge two subsidiaries with Tata Sons, aiming to remove NBFC and CIC classifications and avoid a mandatory public listing.
Noel Tata urged a split of Tata Sons at a September board meeting, offering an alternative to the Reserve Bank of India's push for a public listing.
Shapoorji Pallonji Group chairman Shapoorji Pallonji Mistry praised the RBI’s ruling on Tata Sons’ listing, while Tata Group shares fell after the holding company confirmed a public‑listing plan and reappointed N. Chandrasekaran.
Shares of Tata Group companies jumped on September 15 after the RBI rejected Tata Sons' request to surrender its core investment company status, reviving expectations of a public listing.