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RBI has allowed invoicing, payments for international trade in Indian Rupe
Updated : 3 years, 11 months ago IST
New Delhi [India], August 2 (ANI): The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in the Indian Rupee, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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RBI has done a good job in increasing forex reserves: Raghuram Rajan
Updated : 3 years, 11 months ago IST
Raipur (Chhattisgarh) [India], July 30 (ANI): The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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RBI may raise repo rate by 35 basis points in upcoming policy meet: Report
Updated : 3 years, 11 months ago IST
New Delhi [India], July 29 (ANI): In line with the global trend of monetary policy tightening to cool off inflation, the Reserve Bank of India (RBI) in its upcoming monetary policy meeting is expected to hike the repo rate by 35 basis points, said global information service provider S&P
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RBI imposes monetary penalty on Gauhati Co-operative Urban Bank
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 28 (ANI): The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty on Guwahati-based co-operative bank The Gauhati Co-operative Urban Bank Limited for non-compliance with KYC-related compliance.
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India's forex reserves dip by $7.54 billion as RBI sells dollars to defend
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): India's foreign exchange (forex) reserves slumped by $7.541 billion to $572.712 billion for the week ended July 15, the lowest level in 20 months, as the Reserve Bank of India (RBI) likely used its war chest to defend the rupee, which recently dip
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RBI reschedules August meeting of Monetary Policy Committee
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 21 (ANI): The Reserve Bank of India (RBI) on Thursday announced a change in the date of the upcoming meeting of the Monetary Policy Committee, which will take the decisions on policy rates.
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RBI working on phased implementation of digital currency
Updated : 3 years, 11 months ago IST
New Delhi [India], July 20 (ANI): The Reserve Bank of India (RBI) is working on a phased implementation of the Central Bank Digital Currency (CBDC) in both wholesale and retail segments, Ajay Kumar Choudhary, Executive Director, RBI, said on Wednesday.
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India's remittances from Gulf region declined in FY21: RBI
Updated : 3 years, 11 months ago IST
New Delhi [India], July 18 (ANI): The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most du
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Indian economy remains resilient despite global headwinds: RBI
Updated : 3 years, 11 months ago IST
New Delhi [India], July 18 (ANI): The Indian economy remains resilient despite formidable global headwinds and amidst fears of a recession, the Reserve Bank of India said in its latest monthly bulletin.
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India's forex reserves dip by $8.06 billion to $580.25 billion
Updated : 3 years, 12 months ago IST
Mumbai (Maharashtra) [India], July 15 (ANI): India's foreign exchange (forex) reserves slumps by $8.062 billion to $580.252 billion for the week ended July 8, as per the data released by the Reserve Bank of India (RBI) on Friday.
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India's inflation above tolerance for 6th consecutive month; here's what a
Updated : 3 years, 12 months ago IST
New Delhi [India], July 13 (ANI): India's retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, while staying above the central Reserve Bank of India's (RBI) tolerance limit for the sixth consecuti
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RBI cancels Certificate of Registration of four NBFCs
Updated : 3 years, 12 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) said on Tuesday it has cancelled the Certificate of Registration of four non-banking financial companies (NBFCs).
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