Delhi-NCR [India], August 14: The Reserve Bank of India announced the latest update on Repo rates and mentioned that it would remain stable at 6.5%. After consecutive hikes leaving multiple industries in a fix, this is the third time in a row that the authorities have decided to keep the rat
Indian stock indices traded in the red Friday, a day after the Reserve Bank of India flagged concerns about possible inflationary pressures in the near term.
As part of its continuous bid to deepen the reach and use of digital payments in the country, the Reserve Bank of India on Thursday proposed to enhance the per transaction limit for UPI Lite digital payments in off-line mode from Rs 200 to Rs 500.
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent – for the third time in a row, something most financial market experts had expected.
The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent, against 5.1 per cent it projected in its previous monetary policy meeting in June.
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected.
SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning.
The Reserve Bank of India (RBI) has imposed certain restrictions on Bengaluru-based ailing The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account.
Stating that the consequences, intensity, severity, and frequency of climate events were hard to measure and difficult to predict, the Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao noted that the first step for banks and other regulated entities must take is to measure the amou
Pune (Maharashtra) [India], July 24: The Reserve Bank of India (RBI) has been periodically revising its repo rates by going on a ‘rate-hike’ spree, which began in May 2022. This has, in turn, resulted in an uptick in lending rates and Fixed Deposit (FD) interest offerings.
The Reserve Bank of India (RBI) has showcased its innovations -- ‘Frictionless Credit’ and ‘Central Bank Digital Currency’ -- at the innovation pavilion on the sidelines of the 3rd meeting of Finance Ministers and Central Bank Governors (FMCBG) under India’s G20 presidency here at the Mahatm
The police said that after the Reserve Bank of India (RBI)'s decision on withdrawing Rs 2000 notes from circulation, the Naxalites were constantly trying to exchange the currency notes that they allegedly collected through extortion.