The Indian real estate sector continued to scale new highs in 2023, defying the tightened monetary policy stance of the Reserve Bank of India (RBI), and also at a time when its counterpart in neighbouring China is in crisis.
India's foreign exchange reserves increased by USD 9.112 billion to USD 615.971 billion in the week ending December 15, 2023. This increase is one of the highest for a week and marks a 20-month high, data released by the Reserve Bank of India on Friday showed.
The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks, ranging from Rs 50,000 to Rs 7 lakh, for some non-compliances.
Uncertainties in food prices along with unfavourable base effects are likely to lead to a pick-up in retail inflation in November and December, the monetary policy committee of the Reserve Bank of India observed in their latest review meeting.
Delhi-NCR [India], December 19: The Reserve Bank of India (RBI) decided to keep the repo rate steady, as seen in its recent choice to maintain it at 6.5% for the fifth time, which indicates a commitment to economic stability. This deliberate decision has positive effects across various secto
Pune (Maharashtra) [India], December 16: Bajaj Markets, an online marketplace and a subsidiary of Bajaj Finserv, offers a range of investment products, including Sovereign Gold Bonds (SGBs). As per the Reserve Bank of India's recent announcement, the upcoming SGB tranche 2023-24 Series III w
India's overall foreign exchange reserves rose USD 2.816 billion to USD 606.859 billion in the week that ended on December 8, 2023, data released by the Reserve Bank of India on Friday showed.
The Reserve Bank of India (RBI) and Bank of England (BoE) have signed a Memorandum of Understanding (MoU) to cooperate and exchange information regarding the Clearing Corporation of India (CCIL).
The limit for UPI transactions to hospitals and educational institutions has been raised by the Reserve Bank of India (RBI), from Rs 1 lakh to Rs 5 lakh per transaction.
The monetary policy committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight occasions.