Reserve Bank of India
- 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…
- 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…
