Search For "central bank"
Russia's gold reserves hit historic high
Updated : 1 year, 4 months ago IST
The value of Russia's gold holdings surpassed USD 200 billion for the first time ever in October, while bullion's share in the country's international reserves increased to 32.9 per cent, according to the central bank.
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Dollar's share of global reserves declines, many countries see gold as a s
Updated : 1 year, 4 months ago IST
Central banks around the world could continue expanding their gold reserves amid ongoing geopolitical uncertainties, as highlighted in a recent report by Quantum Mutual Fund.
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UAE banking sector hits all-time-high of AED502.6 billion in capital, rese
Updated : 1 year, 4 months ago IST
A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time.
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Trump victory may lead to stronger dollar, but RBI's focus will remain on
Updated : 1 year, 4 months ago IST
A victory of Donald Trump in the upcoming US presidential elections could lead to a stronger US dollar says a report by Barclays.
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Amid global economic crisis, RBI hikes its gold reserve to 855 metric tonn
Updated : 1 year, 4 months ago IST
Amid the ongoing global crisis India's total gold reserves held by the Reserve Bank of India (RBI) stand at 854.73 metric tonnes, according to the latest report by the central bank.
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Shaktikanta Das receives award for A+ grade in Central Bank Report Cards 2
Updated : 1 year, 4 months ago IST
Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year.
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FM Nirmala Sitharaman highlights multilateral development bank reforms at
Updated : 1 year, 4 months ago IST
The Ministry of Finance posted on X, "Union Minister for Finance and Corporate Affairs Smt. @nsitharaman today participated in the Fourth G20 Finance Ministers and Central Bank Governors #G20FMCBG Meeting #AnnualMeetings2024, in Washington DC, today. During her intervention, FM Smt. @nsit
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Gold soars to record Rs76,899 per 10 grams amid global tensions and Fed ra
Updated : 1 year, 4 months ago IST
Experts say the surge in gold prices came amid a confluence of factors, including major central banks' dovish outlooks, slightly lower bond yields, and heightened geopolitical tensions.
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UAE participates in second meeting of BRICS Finance Ministers and Central
Updated : 1 year, 5 months ago IST
The UAE, represented by the Ministry of Finance and the Central Bank, took part in the second BRICS Finance Ministers and Central Bank Governors meeting recently held in Moscow.
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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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RBI MPC announcement today, unlikely change in rates, RBI may change stanc
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
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