Anirban Nag Bloomberg

Ashok Hinduja said in a statement he's waiting to act until details of the new rules are spelled out by the RBI, which is also the nation's banking regulator.

All 30 economists surveyed by Bloomberg as of Wednesday expect the six-member Monetary Policy Committee to leave the repurchase rate at four per cent on Friday.

Investors are betting the easy money won't end anytime soon, with RBI Governor Shaktikanta Das keeping a lid on dissent as he nurses the economy back from its pandemic lows.

Contractions in both manufacturing and services sectors, which contribute more than two-thirds of India's gross domestic product, pulled the needle on an overall activity indicator to 5 from 6

Loans to companies and individuals has been growing at a subdued 5.5%-6% in recent months, which is half the pace seen before the pandemic, RBI data showed.

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The RBI has chosen to look through a recent surge in inflation because it was supply-side driven, and will only turn persistent when demand kicks in, Deputy Governor Michael Patra said at a briefing June 4

Respondents were also bleak about the year-ahead prospects, with the future expectations index dropping to 96.4 from 108.8 in the period under review, the RBI said

Exports soared in April, mainly because of a low base the year earlier when a nationwide lockdown crippled economic activity.

The RBI pays dividends to the government every year from surplus it generates from market operations, investments and printing of currency

Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.

A mathematical model prepared by advisers to Prime Minister Narendra Modi suggests India's coronavirus outbreak could peak in the coming days, but the group's projections have been changing and were wrong last month.

While last month's score -- helped by faster exports and improved liquidity -- cements a solid showing in the January to March quarter, fresh activity curbs amid the world's worst Covid-19 outbreak in India merit a real-time reading of the economy using other indicators.

State-wise curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars

India's gross domestic product is forecast to grow by as much as 12.5% in the fiscal year that began April 1, which would make it the world's fastest growing major economy.

Ashok Hinduja said in a statement he's waiting to act until details of the new rules are spelled out by the RBI, which is also the nation's banking regulator.

All 30 economists surveyed by Bloomberg as of Wednesday expect the six-member Monetary Policy Committee to leave the repurchase rate at four per cent on Friday.

Investors are betting the easy money won't end anytime soon, with RBI Governor Shaktikanta Das keeping a lid on dissent as he nurses the economy back from its pandemic lows.

Contractions in both manufacturing and services sectors, which contribute more than two-thirds of India's gross domestic product, pulled the needle on an overall activity indicator to 5 from 6

Loans to companies and individuals has been growing at a subdued 5.5%-6% in recent months, which is half the pace seen before the pandemic, RBI data showed.

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The RBI has chosen to look through a recent surge in inflation because it was supply-side driven, and will only turn persistent when demand kicks in, Deputy Governor Michael Patra said at a briefing June 4

Respondents were also bleak about the year-ahead prospects, with the future expectations index dropping to 96.4 from 108.8 in the period under review, the RBI said

Exports soared in April, mainly because of a low base the year earlier when a nationwide lockdown crippled economic activity.

The RBI pays dividends to the government every year from surplus it generates from market operations, investments and printing of currency

Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.

A mathematical model prepared by advisers to Prime Minister Narendra Modi suggests India's coronavirus outbreak could peak in the coming days, but the group's projections have been changing and were wrong last month.

While last month's score -- helped by faster exports and improved liquidity -- cements a solid showing in the January to March quarter, fresh activity curbs amid the world's worst Covid-19 outbreak in India merit a real-time reading of the economy using other indicators.

State-wise curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars

India's gross domestic product is forecast to grow by as much as 12.5% in the fiscal year that began April 1, which would make it the world's fastest growing major economy.