Search For "reserve bank"
Food prices a challenge for final descent in inflation: RBI policy minutes
Updated : 1 year, 11 months ago IST
Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI's monetary policy meeting that was held earlier this month.
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India's forex exchange reserves decline after seven-week rise
Updated : 1 year, 11 months ago IST
As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
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RBI seeks comments on draft rules to regulate payment aggregators
Updated : 1 year, 11 months ago IST
Comments or feedback on the draft directions may be sent by email or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, on or before May 31, 2024.
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RBI allows early redemption in Sovereign Gold Bond Scheme, 2017-18 Series
Updated : 1 year, 11 months ago IST
The press statement of the RBI says early redemption price has been fixed at Rs 7260/- per unit of SGB, based on the average closing gold price over the previous three business days.
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Crisil expects RBI to initiate repo rate cuts from mid-2024
Updated : 1 year, 11 months ago IST
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
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India forex reserves rise for seventh week to reach fresh peak
Updated : 1 year, 11 months ago IST
India's foreign exchange reserves rose for the seventh straight week to hit a fresh all-time high of USD 648.562 billion in the week ending on April 5, as per the latest data released by the Reserve Bank of India (RBI).
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"Financial market reforms by RBI aimed at providing strong bedrock for mar
Updated : 1 year, 11 months ago IST
Das said, "The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in
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Expect series of repo rate cuts starting October: SBI Research
Updated : 1 year, 11 months ago IST
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent
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India's Reserve Bank leads surge in gold reserves amid global central bank
Updated : 1 year, 11 months ago IST
India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency fluctuations and economic uncertainties.
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RBI launches new website and mobile application
Updated : 1 year, 11 months ago IST
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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RBI imposes monetary penalty on IDFC First Bank for non-compliance with di
Updated : 1 year, 11 months ago IST
The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949
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India's foreign exchange reserves rise further to hit fresh high
Updated : 1 year, 11 months ago IST
India's foreign exchange reserves rose for the sixth straight week to hit a fresh all-time high of USD 645.583 billion in the week ending on March 29, as per the latest data released by the Reserve Bank of India
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