Reserve Bank of India
- India
Internationalisation of UPI progressing rapidly: RBI
New Delhi: The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank…
- India
Govt invites applications for RBI Deputy Governor
New Delhi: The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January…
- Business
Rupee moves in narrow range against US dollar in early trade
Mumbai: The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.06 against the US dollar in initial deals on Monday, weighed down by persistent foreign fund outflows and a…
- Business
Rapid decline in cash transactions as digital payments surge: RBI economist
New Delhi: In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 percent of consumer expenditure (as of March…
- Business
Market Outlook: PMI data, Q2 results and FII data key factors fornext week
New Delhi: The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data,…
- India
RBI leaves repo rate unchanged
Mumbai: The RBI on Wednesday kept the key policy repo rate unchanged at 6.5 percent for the tenth consecutive meeting as it continued to maintain a balance between accelerating economic growth and…
- Telangana
Are Rs 10 coins valid? SBI launch campaign to clarify concerns
Hyderabad: An awareness campaign on the acceptance of Rs 10 coins was launched by Prakash Chandra Baror, the general manager of Network-II of the State Bank of India, in collaboration with the…
- Business
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watchnext week
New Delhi: The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi…
- Business
Former RBI Governor’s message to central bank on setting benchmark interest rates
New Delhi: Amid suggestions for excluding food inflation while setting benchmark interest rates, former RBI Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it…
- India
S&P retains India’s growth forecast at 6.8 pc, expects RBI to cut rates in Oct
New Delhi: S&P Global Ratings on Tuesday, September 24, retained India’s growth forecast at 6.8 per cent for the current fiscal and said it expects the RBI to start cutting interest rates…
- Business
RBI’s forex reserves set to cross $700 bn sooner than expected in FY25
New Delhi: Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected. According…
- India
India’s retail inflation rate clocks 3.65 pc in Aug, 2nd lowest in last 5 years
New Delhi: The government on Thursday informed that the year-on-year inflation rate (3.65 per cent), based on the All India Consumer Price Index (CPI), for the month of August was second lowest…
- India
India’s forex reserves up $2.3 billion to touch new high of $683.9 bn
Mumbai: India’s forex reserves increased by $2.299 billion to a new high of $683.98 billion for the week ended August 30, the Reserve Bank of India (RBI) data showed on Friday. For…
- Business
AI can boost Digital Public Infra but poses challenges: RBI chief
Bengaluru: While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns…
- Business
India offers UPI as a plug-and-play system to other countries
Bengaluru: RBI Governor Shaktikanta Das on Monday offered India’s UPI system as a plug-and-play system for other countries to facilitate quicker and cheaper cross-border remittances among the community of nations. Addressing the…
