Reserve Bank of India
- Business
India’s foreign exchange dip lower by $160 mn
Mumbai: India’s foreign exchange reserves dipped lower by $160 million during the week ended December 17. The Reserve Bank of India’s forex reserves decreased to $635.667 billion from $635.828 billion during the…
- Andhra Pradesh
AP: Special ATMS set up for farmers to access banking services
Hyderabad: Andhra Pradesh government has announced a scheme for farmers to empower them and uplift them in society with greater access to banking services. The Reserve Bank of India (RBI) has appreciated…
- Business
Rupee drops by 10 paise to close at 75.88 against dollar on inflation concerns
Mumbai: The rupee on Tuesday declined by 10 paise to close at an 18-month low level of 75.88 against the US dollar due to persistent foreign fund outflows and concerns over inflation.…
- Business
Forex reserves decline USD 1.783 bn to USD 635.905 bn
Mumbai: India’s foreign exchange reserves declined for the second consecutive week, ending USD 1.783 billion down at USD 635.905 billion for the week ended December 3, RBI data showed on Friday. In…
- Business
RBI to develop UPI for feature phones to boost digital payments
New Delhi: With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the…
- Business
Rupee slips 5 paise against US dollar in early trade
Mumbai: The rupee declined 5 paise to 75.49 against the US dollar in opening trade on Wednesday as persistent foreign fund outflows kept the pressure on the local unit. However, a rally…
- Business
RBI imposes monetary penalty on State Bank of India
Mumbai: The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section…
- India
India’s foreign exchange reserves down by over $760mn
Mumbai: India’s foreign exchange reserves fell by $763 million during the week ended November 12. The Reserve Bank of India’s forex reserves declined to $640.112 billion from $640.874 billion reported for the…
- Business
India’s foreign exchange reserves up by over $1.92 bn
Mumbai: India’s foreign exchange reserves rose by $1.919 billion during the week ended October 29. The Reserve Bank of India’s (RBI) forex reserves rose to $642.019 billion from $640.100 billion reported for…
- India
RBI governor Shaktikanta Das tenure extended for three years
New Delhi: The Centre on Friday extended the tenure of Reserve Bank of India (RBI) Shaktikanta Das for a period of three years. “The Appointments Committee of the Cabinet has approved the…
- Business
India’s forex reserves rise by over $2 bn
Mumbai: India’s foreign exchange reserves rose by $2.039 billion during the week ended October 8. The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for…
- Business
Rupee slips 6 paise to 75.42 against US dollar in early trade
Mumbai: The Indian rupee depreciated 6 paise to 75.42 against the US dollar in opening trade on Tuesday, weighed down by the strengthening of the greenback in the overseas market and firm…
- Business
India’s forex reserves decline by over $1.16 bn
Mumbai: India’s foreign exchange reserves fell by $1.169 billion during the week ended October 1. The Reserve Bank of India’s (RBI) forex reserves declined to $637.477 billion from $638.646 billion reported for…
- Business
Sensex rises over 200 pts ahead of RBI policy outcome; Nifty tops 17,850
Mumbai: Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in Infosys, Reliance Industries and TCS, ahead of the Reserve Bank’s policy outcome. The 30-share Sensex was…
- Technology
Visa launches India’s 1st card ‘token’ service for online platforms
New Delhi: Digital payments firm Visa on Wednesday launched Card-on-File (CoF) tokenization services in India in line with the recently issued guidelines by the Reserve Bank of India (RBI) to secure customers’…
