Mumbai, October 1: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5% on Wednesday, citing easing inflation and resilient growth momentum. The decision comes at the conclusion of its three-day meeting, chaired by Governor Sanjay Malhotra. Repo Rate Held Steady, Neutral Stance…
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RBI Rule: Why Signing Back of Cheque Can Be Risky
Most Indians still prefer using cheques for transactions, but few understand the rules governing them. A small mistake, like signing on the wrong side, could put your money at risk. According to the Reserve Bank of India (RBI), unnecessary signatures on the back of cheques can lead to fraud or…
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India’s Services Sector Growth Hits 15-Year High in August
India’s services sector recorded its fastest expansion in 15 years during August, as robust demand fueled a surge in new business orders, according to the HSBC India Services Purchasing Managers’ Index (PMI) compiled by S&P Global. The index rose to 62.9 from July’s 60.5, underscoring strong momentum in the economy’s…