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Chandrababu Naidu-led panel on demonetisation to hold maiden meeting today
Updated : 8 years, 6 months ago IST
Mumbai [India], Dec. 8 (ANI): The Central Committee of Chief Ministers and experts on demonetisation-related issues headed by N. Chandrababu Naidu will hold its first formal meeting at the Reserve Bank of India (RBI) headquarters in Mumbai today.
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Arvind Subramanian hails RBI's "brilliant call" to keep rep
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): Chief Economic Advisor Arvind Subramanian on Wednesday lauded the Reserve Bank of India (RBI) for keeping the key lending rate or the repo rate unchanged at 6.25 percent.
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Industry expecting clarity from RBI on demonetisation disruption, says ASS
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec.7 (ANI): By maintaining a status quo on the policy rates, the Reserve Bank of India has defied a widespread expectation of at least a 25 basis points cut in the interest rates, but the industry and the trade expected a little more clarity from the central bank on the t
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RBI says Rs. 11.5 lakh crore collected post demonetization
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): Reserve Bank of India (RBI) Deputy Governor Rama Subramaniam Gandhi on Wednesday announced that the banks have collected Rs. 11.5 lakh crore so far post the November 8 demonetisation drive.
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RBI keeps repo rate unchanged at 6.25 pct; to withdraw incremental CRR
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec. 7 (ANI): The Reserve Bank of India (RBI) on Wednesday kept its key lending rate, the repo rate unchanged at 6.25 percent against a widely-anticipated cut of 25 basis points.
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Sensex, Nifty under pressure after RBI surprises repo rates unchanged
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): The Reserve Bank of India (RBI) on Wednesday left the policy rate unchanged at 6.25 percent in its fifth bimonthly policy review.
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RBI cuts FY17 GDP growth target to 7.1 pct on demonetisation impact
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): The Reserve Bank of India on Wednesday trimmed the GDP growth forecast for the current fiscal sharply to 7.1 percent from 7.6 percent target earlier, citing demonetisation as the main reason.
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RBI relaxes norms for online card transactions up to Rs. 2,000
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): The Reserve Bank of India on Wednesday relaxed norms for additional factor of authentication (AFA) for payments up to Rs 2,000 online.
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RBI likely to cut rates by 25 basis today as India battles demonetization
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 7 (ANI): The Reserve Bank of India (RBI) Governor Urjit Patel is set to present his second monetary policy review in the midst of the "demonetisation" exercise that has disrupted individuals and businesses alike here today.
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RBI to announce maiden policy review post-demonetisation today
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec. 7 (ANI): The Reserve Bank of India (RBI) will announce monetary policy review today, the first after demonetization of old 500 and 1000 rupees notes, amid expectations of interest rate cut.
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RBI to issue new Rs.100 notes
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec. 6 (ANI): The Reserve Bank of India (RBI) on Tuesday announced that it would soon issue Rs. 100 denomination notes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels. However, all the previous Rs. 100 notes issued by the bank will cont
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RBI auctions treasury bills under 'Market Stabilisation Scheme'
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 6 (ANI): The Reserve bank of India (RBI) on Tuesday announced auctioning of Cash Management Bills worth Rs. 60,000 crore under the government's Market Stabilisation Scheme (MSS) to mop up extra liquidity from the system against the backdrop of demonetisation.
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