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Reserve Bank of India to Set Up Committee For Mumbai Interbank Offer Rate: What Is MIBOR?

Reserve Bank of India to Set Up Committee For Mumbai Interbank Offer Rate: What Is MIBOR?

Mumbai Interbank Offer Rate (MIBOR) is the rate at which banks lend money from each other for liquidity, finance, and other short-term needs. The RBI is proposing a committee to iron out MIBOR issues and conduct further research for an alternative benchmark.

05 August 2022
RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).

05 August 2022

There Should Not Be 'intolerable Growth Sacrifice' To Tame Inflation Abruptly: MPC Member Jayanth Varma

Amid inflationary pressures remaining high in recent times, the Reserve Bank of India's MPC is moving towards a hawkish stance, with the benchmark interest...

RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...

24 June 2022

Consumer Sentiments Improving, But Households Expect Spending To Increase, Shows RBI Survey

The consumer spending future expectations index is positive and has moved up by 2.6 points, but the consumer survey index is still below 100, which is in the...

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08 June 2022
Bankers Hail RBI's Monetary Policy Focus On Taming Inflation

Bankers Hail RBI's Monetary Policy Focus On Taming Inflation

State Bank of India chairman Dinesh Khara said the policy statement is a comprehensive assessment of the growing uncertainties and is also an affirmation of...


08 June 2022
Key Takeaways From RBI Monetary Policy Committee Meeting

Key Takeaways From RBI Monetary Policy Committee Meeting

The Reserve Bank of India (RBI) in its bimonthly policy review meet increased the key repo rate by 50 basis points, but made no changes in the cash reserve...


08 June 2022
Rate Hike, Withdrawal Of Accommodation Calibrated To Evolving Inflation-Growth Dynamics: Shaktikanta Das

Rate Hike, Withdrawal Of Accommodation Calibrated To Evolving Inflation-Growth Dynamics: Shaktikanta Das

The six-member Monetary Policy Committee (MPC), which met from May 6-to 8, unanimously voted to increase the policy repo rate to 4.90 per cent


08 June 2022
RBI’s Twin Announcement On Co-Operative Banks To Boost Affordable Housing

RBI’s Twin Announcement On Co-Operative Banks To Boost Affordable Housing

RBI has expanded the individual loan limits that co-operative banks can offer and has allowed rural co-operative banks to extend finance to commercial real...


08 June 2022
Rupee Gains 9 Paise to 77.69 Against US Dollar In Early Trade Ahead Of RBI Policy Outcome

Rupee Gains 9 Paise to 77.69 Against US Dollar In Early Trade Ahead Of RBI Policy Outcome

A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee.


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07 June 2022
RBI Likely To Raise Interest Rate On Wednesday

RBI Likely To Raise Interest Rate On Wednesday

As per experts, the Reserve Bank of India is expected to raise the benchmark lending rate by 20-25 points on Wednesday considering the rising inflation.


06 June 2022
Rupee Rises 4 Paisa To 77.62 Against US Dollar In Early Trade

Rupee Rises 4 Paisa To 77.62 Against US Dollar In Early Trade

On the domestic equity market front, the 30-share Sensex was trading 106.93 points or 0.19 per cent lower at 55,662.30 points, while the broader NSE Nifty...


02 June 2022
Why RBI Should Not Increase Interest Rates To Tame Inflation

Why RBI Should Not Increase Interest Rates To Tame Inflation

Retail Inflation jumps to eight years high of 7.79 per cent in April which is much above the RBI comfort zone. Here is why RBI intervention with rate hike will...


19 May 2022
Monetary Policy Committee Members Divided On Issue Of Further Rate Hike

Monetary Policy Committee Members Divided On Issue Of Further Rate Hike

Members of RBI’s Monetary Policy Committee (MPC) seem to be divided on whether the Reserve Bank of India should go ahead with increasing the interest rate in...


18 April 2022
RBI Turns Net Purchaser Of US Currency In February

RBI Turns Net Purchaser Of US Currency In February

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022.


08 April 2022
India To Start CBDC Pilot, Testing Soon: RBI Deputy Governor

India To Start CBDC Pilot, Testing Soon: RBI Deputy Governor

The government is likely to start with the pilot and testing in the wholesale segment, RBI deputy governor T. Rabi Sankar said. Bitcoin price rose by 0.14 per...


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09 April 2022
RBI’s Monetary Policy Committee Meet: Four Customer-Centric Announcements Made

RBI’s Monetary Policy Committee Meet: Four Customer-Centric Announcements Made

The Reserve Bank of India has announced various policies and frameworks focused on the Indian payments and transaction ecosystem. Read below to find out more...


07 April 2022
Pakistan Central Bank Hikes Rate By 250 BPS To 12.25%

Pakistan Central Bank Hikes Rate By 250 BPS To 12.25%

The recent hike comes after the Pakistani rupee plunged to an all-time low of Rs 188.18 against the US dollar in the inter-bank market


06 April 2022
RBI's Monetary Policy Committee Starts Discussions On Next Bi-Monthly Policy

RBI's Monetary Policy Committee Starts Discussions On Next Bi-Monthly Policy

The Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, is holding its first meeting in the current financial year


06 April 2022
RBI Likely To Retain Accommodative Stance, May Leave All Rates Unchanged: Report

RBI Likely To Retain Accommodative Stance, May Leave All Rates Unchanged: Report

RBI governor Shaktikanta Das recently said that the central bank does not see any risk of the Indian economy going into stagflation currently


03 April 2022
RBI Likely To Maintain Status Quo On Rates To Support Growth: Analysts

RBI Likely To Maintain Status Quo On Rates To Support Growth: Analysts

The RBI Governor-headed rate setting panel -- Monetary Policy Committee -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8


30 March 2022
Reserve Bank's MPC To Meet 6 Times Next Fiscal; First Meeting Scheduled For April 6-8

Reserve Bank's MPC To Meet 6 Times Next Fiscal; First Meeting Scheduled For April 6-8

The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations


03 March 2022
RBI Launches Surveys To Gather Inputs For Monetary Policy

RBI Launches Surveys To Gather Inputs For Monetary Policy

Data gathered from the surveys, which are regularly done by Reserve Bank of India (RBI), provides useful inputs for for its monetary policy


08 February 2022
RBI Begins 3 Day Monetary Policy Meet To Decide On Key Rates, Policy Resolution

RBI Begins 3 Day Monetary Policy Meet To Decide On Key Rates, Policy Resolution

Reserve Bank Governor Shaktikanta Das headed the six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday.


04 February 2022
RBI Likely To Leave Policy Rates Unchanged Till April: Report

RBI Likely To Leave Policy Rates Unchanged Till April: Report

The RBI's rate-setting panel Monetary Policy Committee (MPC) will begin its deliberations next Monday and announce the policy moves on Wednesday (February 9)...


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