Reserve Bank must release R200m to Steinhoff successor Ibex, court rules

Reserve Bank of India signals further rate cuts as inflation eases and growth outlook weakens

With inflation in India expected to remain close to target during the current fiscal year, the Reserve Bank of India has room for further monetary easing, members of the Monetary Policy Committee said in the minutes of the April policy meeting.

Reserve Bank must release R200m to Steinhoff successor Ibex, court rules

Judge Sulett Potterill of the Gauteng High Court in Pretoria said the SARB failed to provide a "single fact as to why the blocking order was issued, why it is lawful and why it should not be set aside".

The Reserve Bank came second in a court case regarding money that the former Steinhoff group wants to send overseas.