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Searched Tag: reserve bank of india
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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Account holders protest as an official records details of PMJDY beneficiaries.

Nearly 13 crore PMJDY accounts inactive across India

August 18, 2025, 03:20 PM - 4 min read

Nearly 23% of 56.04 crore PMJDY accounts are inactive, with UP, Bihar and MP leading, the Finance Ministry said, highlighting Re-KYC campaigns for revival.

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The government has informed that ₹500 notes have dominated the 2.17 lakh fake notes detected so far.

Government sounds alert on surge in fake currency notes

August 11, 2025, 02:57 PM - 4 min read

The government on Monday informed the Parliament that a total of 2.17 lakh counterfeit notes were seized in FY25, with ₹500 notes most faked.

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Labour and Employment Minister Mansukh Mandaviya addresses the Lok Sabha.

17 crore jobs created under Modi government, claims Mandaviya

August 4, 2025, 06:57 PM - 4 min read

India created over 17 crore jobs under the Modi government, up from 3 crore under UPA, says Mandaviya. New PM Rozgar Yojana aims to generate 4 crore more by 2030.

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India’s forex reserves dip by $1.02 billion this week

June 29, 2025, 11:35 AM - 3 min read

India’s forex reserves have fell by $1.02 billion to $697.93 billion, even as RBI reassures external sector strength and gold continues to play a growing role in the reserve mix.

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RBI lowers key interest rate to 5.5%, third cut in a row

June 6, 2025, 11:16 AM - 4 min read

The Reserve Bank of India on Friday cut the repo rate by 50 basis points to 5.5% and signalled a shift from an accommodative to a neutral policy stance, citing limited headroom for further monetary easing amid evolving domestic and global macroeconomic conditions.

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RBI'S third rate cut likely to be announced on Friday

June 1, 2025, 07:39 PM - 4 min read

The RBI’s rate-setting panel, Monetary Policy Committee (MPC), will start discussions on the next bi-monthly monetary policy on June 4 and announce its decision on June 6

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Rupee gains 40 paise to 85.05 against US dollar in early trade

May 26, 2025, 10:27 AM - 3 min read

The Indian rupee surged 40 paise to 85.05 against the US dollar in early trade on Monday, buoyed by a weakening dollar index, strong equity markets, foreign fund inflows, and the RBI’s record dividend payout to the government. Economic data releases this week remain key.

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India’s forex reserves dip $5 bn in week ending May 16

May 25, 2025, 03:50 PM - 2 min read

Even with this weekly loss, India’s forex kitty is close to its all-time high of USD 704.89 billion that was reached in September 2024

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RBI approves dividend of ₹2.69 lakh crore to Centre

May 23, 2025, 07:58 PM - 3 min read

This year’s payout marks an increase of 27.37 per cent from FY2024. CRB also hiked to 7.50 per cent.

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India's forex reserves climb to 7-month high at $690.6 billion

May 18, 2025, 01:46 PM - 3 min read

India's foreign exchange reserves reached a seven-month high of USD 690.617 billion, boosted by a sharp rise in gold holdings. The Reserve Bank of India data showed a USD 4.553 billion weekly gain, with reserves sufficient to cover 10-12 months of projected imports.

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Rupee gains 17 paise to settle at 85.41 against US dollar

May 9, 2025, 04:19 PM - 4 min read

The rupee rose 17 paise to close at 85.41 against the US dollar on Friday, recovering from early losses after likely RBI intervention amid escalating Indo-Pak tensions. The domestic currency had seen its steepest fall in two-and-a-half years on Thursday.

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