Reserve Bank of India
- India
RBI extends deadline for locker agreements renewal till Dec 31
New Delhi: The Reserve Bank of India (RBI) on Monday extended the deadline for renewal of locker agreements between customers and banks till December 31, 2023. The extension was given by the…
- Business
International regulation needed for crypto activities, says RBI
New Delhi: Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities. In it’s financial stability…
- India
Banks likely to trade with African nations to establish rupee globally
In an effort to establish the rupee as a global currency, banks are reportedly considering starting trade with Bangladesh and African nations like Egypt. The external sector would be protected from exchange…
- India
Why RBI did not appear despite being served notice: Kerala HC
Kochi: The Kerala High Court recently asked why the Reserve Bank of India (RBI) did not appear before it even after being served a notice on pleas challenging the summons issued by…
- India
Will government demonetize Rs 2000 notes? Know Sushil Modi’s proposal
New Delhi: The Rs 2000 currency notes that were introduced after demonetization in 2016 are likely to be phased out gradually. On Monday, BJP MP Sushil Modi demanded that the notes should…
- India
India’s retail inflation hits 11-month low in November
New Delhi: India’s retail inflation rate based on Consumer Price Index declined to 5.88 per cent in November from 6.77 per cent during the previous month, according to data released on Monday…
- India
RBI report on inflation control cant be made public: Union Minister
New Delhi: The Central government cannot make the Reserve Bank of India’s (RBI) report on the reasons for the failure to control the inflation as the RBI Act does not provide for…
- India
RBI to launch first pilot of Digital Rupee on Tuesday
Mumbai: India’s first Digital Rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. “…the first…
- Business
Retail inflation rises to 7.41 pc in September on costlier food items
New Delhi: Retail inflation spiked to 7.41 per cent in September, mainly due to costlier food items. For the ninth month in a row, retail inflation has remained above the Reserve Bank…
- Business
Rupee rises 33 paise to close at 81.40 against US dollar
Mumbai: The rupee extended its initial gains and settled 33 paise higher at 81.40 against US dollar on Friday, after the Reserve Bank of India raised the benchmark lending rate by 50…
- Business
As fraudsters get smarter, RBI, banks get busy plugging loopholes
New Delhi: Banking frauds have taken varied dimensions with the passage of time. With the advent of digital age and online transactions, however, fraudsters too have upgraded their skills and latched on…
- Business
Foreign exchange reserves decline to USD 570.74 bn
Mumbai: The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous…
- Business
RBI retains FY23 inflation projection at 6.7 pc
Mumbai: The RBI on Friday retained its retail inflation forecast for current fiscal year at 6.7 per cent amid geopolitical developments and higher global commodity prices, hoping inflationary pressures to ease further.…
- 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…
