Reserve Bank of India
- Business
Factors leading to rise in inflation in India
Mumbai: India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices…
- Business
Foreign exchange reserves fall USD 7.541 bn to USD 572.712 bn
Mumbai: The country’s foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to…
- Business
India’s external debt not a cause to worry: Experts
Chennai: India’s external debt of $620.7 billion need not be a concern as $490 billion is non-government and the share of government is only $130.8 billion, said experts. According to Reserve Bank…
- Technology
Razorpay gets RBI approval for Payment Aggregator license
Bengaluru: Fintech platform Razorpay on Monday said it has received in-principle approval by the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license. The central bank issued a payment aggregator…
- Business
RBI unveils measures to check rupee fall; raises overseas borrowing limits for cos
Mumbai: Reserve Bank of India (RBI) on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost…
- Business
Indian rupee slips to 78.68 against US dollar
Chennai: The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday. Further, foreign investors (FII) continued to…
- Business
Reserve Bank of India lifts restrictions on Mastercard
Mumbai: The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment…
- Business
Forex reserves up by USD 3.854 bn to USD 601.363 bn
Mumbai: The country’s foreign exchange reserves increased by USD 3.854 billion to USD 601.363 billion in the week ended May 27, according to RBI data. In the previous week, the reserves rose…
- Technology
Pressure from RBI forced us to halt crypto trading in India: Coinbase CEO
New Delhi: Top cryptocurrency exchange Coinbase quit India operations owing to “informal pressure” from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The US-based…
- Business
Rupee slumps 38 paise to 76.73 against US dollar in early trade
Mumbai: The rupee depreciated 38 paise to 76.73 against the US dollar in the opening trade on Friday, weighed down by unabated foreign fund outflows and firm crude oil prices. At the…
- India
RBI hikes repo rate on inflation worries, equities plunge
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40…
- Business
Equity indices open positive despite high inflation in March
New Delhi: Indian benchmark equity indices opened on a positive note despite inflation print for March coming more than market expectations. Retail inflation for March came at 6.95 per cent, which has…
- India
RBI keeps interest rate unchanged, cuts GDP growth forecast
Mumbai: The Reserve Bank of India (RBI) on Friday kept borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite…
- Andhra Pradesh
RBI to set up office in Andhra after clarity over state capital
Amaravati: The Reserve Bank of India (RBI) has said that it will pursue the matter relating to setting up its office in Andhra Pradesh only after the state government finalises the location…
- Business
Rupee gains 15 paise to 74.92 against US dollar in early trade
Mumbai: The rupee appreciated 15 paise to 74.92 against the US dollar in opening trade on Monday, supported by the recovery in domestic equities. However, the surge in the rupee was restricted…