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Notable decline in forex reserve because RBI using forex to manage currenc
Updated : 1 year, 7 months ago IST
The recent decline in India's forex reserve from USD 705 billion to USD 656.58 billion is because the central bank is using forex reserve to manage currency volatility says a report by Union Bank of India.
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RBI may explore other liquidity tools like open market operations (OMOs) a
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India.
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RBI advises banks to organize special campaigns like Aadhaar updation for
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free.
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RBI unlikely to cut rates in upcoming MPC meeting: SBI Report
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
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India's foreign exchange reserves decline for eighth consecutive week
Updated : 1 year, 7 months ago IST
India's foreign exchange (forex) reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed.
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RBI to keep repo rate unchanged at meeting next week, chances of rate cut
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
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Rate cuts likely to boost home affordability over next 12 months: JLL
Updated : 1 year, 7 months ago IST
India's residential real estate market could see increase in affordability shift, driven by anticipated interest rate cuts by the Reserve Bank of India (RBI), a report by JLL said.
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India's forex reserves decline for 7th straight week touching over 4-month
Updated : 1 year, 7 months ago IST
India's foreign exchange (forex) reserves dropped for a seventh consecutive week to hit an over four-month low of USD 657.892 billion in the week that ended on November 15, data from the Reserve Bank of India (RBI) showed.
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RBI inks treaty for cross border transactions with Maldives to promote use
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) in Mumbai to establish a framework to promote the use of their respective local currencies, the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR).
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RBI Gov Das stresses on price stability as key to economic planning and gr
Updated : 1 year, 7 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday highlighted a crucial role of price stability as the foundation for sustained economic growth during his address at the "High-Level Policy Conference of Central Banks from the Global South.
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Effective fiscal-monetary coordination was core for India's success amid a
Updated : 1 year, 7 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
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MMAD Communications Unveils RBI-Approved Payment Aggregator Services Under
Updated : 1 year, 7 months ago IST
New Delhi [India] November 19: MMAD Communications, a leading technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand 'Mpay', post its receiving final authorization to this effect from the Reserve Bank of India (RBI). Mpay will enable
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