Search For "central bank"
Rs 2000 banknotes: Exchange, deposit at RBI offices won't be available on
Updated : 1 year, 11 months ago IST
The central bank cited operations related to "Annual Closing of Accounts" as the reason behind the unavailability of exchange and deposit services. The facility will resume on Tuesday.
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S&P forecasts 75 basis points repo rate cut in India in 2024-25
Updated : 1 year, 11 months ago IST
S&P Global Ratings forecast rate cuts of up to 75 basis points (100 basis points is equal to 1 percentage point) in India by its central bank in the financial year 2024-25.
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Indian stocks firm after US central bank hints possible rate cut in 2024
Updated : 1 year, 11 months ago IST
Indian stock indices traded firm Thursday after the opening bell, tracking a global stock rally after the US Federal Reserve, in its latest monetary policy review meeting, maintained its projection of three rate cuts this year.
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UAE: CBUAE maintains Base Rate at 5.40 pc
Updated : 1 year, 11 months ago IST
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years ago IST
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
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US Fed Chair indicates no rush in cutting interest rates
Updated : 2 years ago IST
Reducing policy restraint too soon or too much could result in a reversal of progress was made in terms of inflation and ultimately require even tighter policy to get inflation back to 2 per cent target, US Federal Reserve Jerome Powell said, as he indicated the central bank is no rush to cu
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RBI directs card issuers to offer choice among card networks, bans restric
Updated : 2 years ago IST
According to a press release, the central bank prohibited card issuers from entering into agreements with card networks that restrict them from availing the services of other card networks.
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Madhya Pradesh: CBI apprehends bank manager for accepting bribe
Updated : 2 years ago IST
The Central Bureau of Investigation (CBI) has apprehended the Branch Manager, Central Bank of India, Gorakhpur Branch, in Dindori, Madhya Pradeesh, Rahul Singh Rajput, while accepting a bribe of Rs 8,000 from a complainant.
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Brazil: No joint statement at G20 finance chiefs meeting amid Russia-Ukrai
Updated : 2 years ago IST
A meeting of finance ministers and central bank governors from the Group of 20 advanced and emerging economies came to an end without issuing a joint closing statement after their meetings in Sao Paulo.
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Bond markets begin 2024 on quieter note amidst rate cut speculations
Updated : 2 years ago IST
Throughout January, fixed income investors observed marginal increases in yields alongside steeper curves across global developed markets, according to a Morgan Stanley study.
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Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official
Updated : 2 years ago IST
The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.
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RBI, Nepal's Central Bank sign terms for UPI-NPI integration
Updated : 2 years ago IST
The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers, the RBI said in a press release.
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