October 6, 2024, 03:07 PM - 3 min read
Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- Monetary Policy Committee (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday.
Read more
October 5, 2024, 04:21 PM - 3 min read
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, and is likely to maintain the repo rate at 6.5 per cent in its upcoming sitting.
Read more
October 5, 2024, 03:44 PM - 1 min read
In his new role as Executive Director, Aviral Jain will oversee several crucial departments, including the Legal Department, the Premises Department, and the Right to Information Act as the First Appellate Authority.
Read more
September 30, 2024, 05:33 PM - 2 min read
The country's current account deficit widened marginally to USD 9.7 billion or 1.1 per cent of GDP in April-June 2024, as against USD 8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday.
Read more
September 28, 2024, 03:13 PM - 3 min read
The Reserve Bank of India's digital rupee (e₹) has struggled to gain traction since its launch over two years ago, with its retail circulation accounting for just 0.006% of total banknotes, facing challenges from the dominance of UPI, transaction inconveniences, privacy concerns, lack of compelling use cases, and insufficient marketing efforts.
Read more
September 24, 2024, 03:10 PM - 2 min read
S&P Global Ratings has maintained India's growth forecast at 6.8% for the current fiscal year, predicting that the Reserve Bank of India will begin cutting interest rates in October, contingent on a sustained decline in food inflation.
Read more
September 23, 2024, 05:41 PM - 4 min read
The Finance Ministry and Reserve Bank of India are set to discuss the future of Sovereign Gold Bonds (SGB) amid declining issuance rates and increased attractiveness of physical gold following reduced import duties, with decisions impacting market borrowing for the upcoming fiscal half.
Read more
September 13, 2024, 06:26 PM - 1 min read
India's forex reserves surged by USD 5.248 billion to a record USD 689.235 billion for the week ending September 6, driven by increases in foreign currency assets, gold reserves, and Special Drawing Rights (SDRs), according to the Reserve Bank of India.
Read more
September 12, 2024, 06:16 PM - 2 min read
India's retail inflation rose to 3.65 per cent on a yearly basis in August, up from a five-year low of 3.54 per cent, according to data revealed by Ministry of Statistics on Thursday.
Read more
September 5, 2024, 03:14 PM - 1 min read
According to a statement from the central bank, the Board reviewed both global and domestic economic conditions and challenges, as well as the operations of the Reserve Bank of India, including the functioning of Local Boards and activities of select Central Office Departments.
Read more
September 3, 2024, 02:58 PM - 3 min read
RBI Deputy Governor Michael Patra stated that domestic savings, primarily from households, will continue to be the main source of financing for India's investment needs, with external financing playing a supplemental role.
Read more
August 30, 2024, 03:58 PM - 2 min read
The Reserve Bank of India (RBI) has introduced UPI Interoperable Cash Deposit (UPI-ICD), allowing customers to deposit cash at ATMs using UPI without a debit card, by linking their mobile number, Virtual Payment Address, or bank IFSC code to the deposit, making the process more seamless and accessible.
Read more