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Searched Tag: rbi
Urjit Patel.

Ex-RBI Governor Urjit Patel appointed as IMF Executive Director

August 29, 2025, 11:21 AM - 2 min read

Patel had taken over as 24th Governor of Reserve Bank of India (RBI) on September 4, 2016

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US tariffs on Indian goods deeply distressing says Raghuram Rajan.

Raghuram Rajan warns US tariffs a wake up call for India

August 28, 2025, 10:31 AM - 5 min read

Former Reserve Bank of India Governor and noted economist Dr Raghuram Rajan has described the steep tariffs imposed by the United States on Indian exports as “deeply distressing” and a clear “wake-up call” for India to reduce its reliance on any single trade partner.

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Bitcoin surges past $124K.

Bitcoin hits record $124,000

August 14, 2025, 11:49 AM - 4 min read

Bitcoin hit an all-time high of $124,000 on Thursday, briefly touching $124,400 before easing slightly to $123,868. Ethereum also climbed sharply, trading near $4,717, its highest level since 2021.

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A representative image of US currency being handled.

Forex reserves rebound after three-week dip

August 3, 2025, 02:26 PM - 3 min read

India’s forex reserves rose by USD 2.7 billion to USD 698.2 billion for the week ending 25 July, halting a three-week decline, according to RBI data release.

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Cybercriminals have increasingly exploited digital platforms and UPI systems in India, causing record losses in 2024 as phishing, deepfakes, and fraudulent transactions surged.

Cybercrime surge drained ₹23,000 crore from Indians in 2024

August 1, 2025, 05:23 PM - 5 min read

Cyber fraudsters stole ₹22,842 crore from Indians in 2024, a threefold surge from 2023. Experts warn cybercrime is now systemic and fuelled by rising digital dependency.

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Representative image.

Fall in food prices bring relief from inflation

July 5, 2025, 11:12 AM - 4 min read

Driven by deflation in key food items, Q1 inflation is expected to align with RBI projections, allowing room to focus on growth, says a Bank of Baroda report.

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India's FY26 Trade Deficit May Surge to USD 300 Bn.

India trade deficit May hit USD 300 bn in FY26

June 30, 2025, 04:16 PM - 3 min read

India’s trade deficit is expected to widen to USD 300 billion in the financial year 2025–26, according to a new report by ICICI Bank, despite stable oil prices. The projected figure, which represents 7 per cent of the country’s GDP, marks a rise from USD 287 billion in FY25 and USD 245 billion in FY24.

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PM Modi stresses innovation in urban development at the Niti Aayog Meeting with the CMs.

PM Modi meets CMs for Niti Aayog development push

May 24, 2025, 05:54 PM - 3 min read

Prime Minister Narendra Modi on Sunday urged Indian states to develop at least one global-standard tourist destination and focus on building “future-ready” cities, as he chaired a Niti Aayog meeting with chief ministers in the capital.

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RBI likely to announce dividend for Centre on Friday

May 22, 2025, 05:40 PM - 2 min read

The dividend payout is expected to be higher this time, the decision about which is likely to be taken at the next meeting of the Central Board of Directors of the Reserve Bank of India to be held on May 23.

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Representative image.

RBI reports 8th week of forex gains, reserves at USD 688 billion

May 4, 2025, 10:10 AM - 3 min read

India’s foreign exchange reserves rose for the eighth consecutive week, registering an increase of USD 1.983 billion to touch USD 688.129 billion for the week ending April 25, the Reserve Bank of India has said. However, the reserves still remain below last year’s record high.

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Representational image.

₹2 hike in ATM withdrawal charges after free monthly limit

May 1, 2025, 06:05 PM - 2 min read

Customers are eligible for five free financial and non-financial transactions every month from ATMs of their own bank.

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RBI Set to Transfer Record Dividend to Govt.

RBI dividend to Centre may cross ₹2.5L cr in FY25

April 14, 2025, 03:33 PM - 4 min read

The Reserve Bank of India (RBI) is expected to transfer a record surplus to the Centre for the financial year 2024-25 (FY25), with estimates suggesting the payout could exceed ₹2.5 lakh crore.

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