Search For "reserve bank"
Sensex climbs 459 points as RBI keeps key policy rates unchanged to suppor
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): The Indian equities markets benchmark Sensex rose 459 points on Thursday as the Reserve Bank of India (RBI) decided to keep repo and reverse repo rates unchanged in order to support economic growth.
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RBI keeps key rates unchanged, pegs GDP growth at 7.8 per cent for FY23
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): In line with expectations, the Reserve Bank of India (RBI) on Thursday kept key policy rates unchanged and maintained 'accommodative' stance in order to give priority to GDP growth.
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RBI pegs FY 2022-23 GDP growth at 7.8 per cent
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): The Reserve Bank of India (RBI) on Thursday pegged the country's Gross Domestic Product (GDP) growth for the financial year 2022-23 at 7.8 per cent, which is lower than 8 to 8.5 per cent expansion projected in the Economic Survey tabled in par
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RBI keeps repo, reverse repo rates unchanged for 10th time in a row
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): In the last monetary policy review of the current financial year, the Reserve Bank of India (RBI) on Thursday decided to keep repo and reverse repo rates unchanged.
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RBI likely to keep key rates unchanged in first policy review after Budget
Updated : 4 years, 1 month ago IST
New Delhi [India], February 9 (ANI): The Reserve Bank of India (RBI) is likely to keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns. Read More
Monetary Policy Committee's meeting rescheduled to Feb 8-10
Updated : 4 years, 1 month ago IST
New Delhi [India], February 6 (ANI): The Reserve Bank of India's Monetary Policy Committee will meet on February 8-10 instead of February 7-9, the central bank said on Sunday.
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India's Forex reserves dip by $4.53 billion to $629.75 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange (forex) reserves declined by $4.531 billion to $629.755 billion in the week ended January 28 due to a sharp drop in foreign currency assets and fall in the value of gold reserves, the Reserve Bank of India (RBI) data sh
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RBI's Digital Rupee will help curb black money menace
Updated : 4 years, 1 month ago IST
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
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RBI cancels licence of Independence Co-operative Bank Limited
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharasht
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Forex transaction on unauthorised ETPs will lead to penal action, says RBI
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money.
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Crypto's like Bitcoin and Ethereum will never become a legal tender: Finan
Updated : 4 years, 1 month ago IST
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
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Government does not recognize private cryptocurrency as legal tender, dig
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tender
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