West Bengal Chief Minister Mamata Banerjee on Friday hit out at the government after the Reserve Bank of India notified to withdraw Rs 2,000 denomination banknotes from circulation and termed it "billion dollar dhoka" urging people not forgive those responsible for such a move.
Reacting to the Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation, Vimal Nadar, the Head of Research at real estate firm Colliers India has called it a "timely" move aimed at "prudent currency management".
Congress leader Siddaramaiah on Friday slammed Bharatiya Janata Party (BJP) after the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and termed it the party's desperate attempt to divert the attention from their failures.
Congress general secretary in charge of communications Jairam Ramesh on Friday came out hard against the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and said that it was typical of the government to first act and think second.
The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
The 602nd meeting of the Central Board of Directors of the Reserve Bank of India was held today in Mumbai under the chairmanship of Shaktikanta Das, Governor.
In the three-day deliberations of the Monetary Policy Committee of the Reserve Bank of India in early April, Governor Shaktikanta Das said the central bank has projected India's real GDP growth for 2023-24 at 6.5 per cent
Retail inflation in India having moderated sharply in April substantiated the Reserve Bank of India's (RBI) decision to pause the repo rate in its first 2023 monetary policy meeting, according to SBI Research.
The Reserve Bank of India on Friday, announced a '100 Days 100 Pays' campaign for banks to trace and settle the top '100 unclaimed deposits' of every bank in every district of the country within '100 days', informed a press release.
India's foreign exchange reserves rose by USD 7.196 billion to USD 595.976 billion in the week that ended on May 5, data released by the Reserve Bank of India showed on Friday.
Fitch Ratings forecasts India's headline inflation to decline, but remain near the upper end of the Reserve Bank of India's 2-6 per cent target band, averaging 5.8 per cent in 2023-24 from 6.7 per cent last year.
India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data.