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RBI Announces Measures For International Trade Settlement In Rupees

RBI Announces Measures For International Trade Settlement In Rupees

Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central bank said in a circular

11 July 2022
RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other...

01 July 2022

Proper Interpretation Of Data Necessary For More Informed Decision Making: RBI Governor

Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...

Fintech Players Seek At Least 1 Year Sunset Clause On RBI Directive On Credit Lines By PPI Issuers

Fintech Players Seek At Least 1 Year Sunset Clause On RBI Directive On Credit Lines By PPI Issuers

Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to...

24 June 2022

Reserve Bank Raises Inflation Projection To 6.7% For Current Financial Year

RBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation

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18 May 2022
Global Storms Hitting Together Prompted RBI To Hike Rate: MPC Minutes

Global Storms Hitting Together Prompted RBI To Hike Rate: MPC Minutes

RBI Governor Shaktikanta Das, as per the minutes, said the off-cycle monetary policy actions were aimed at lowering inflation and anchoring inflation...


06 May 2022
RBI To Fight Inflation With Greater Resolve Now: Report

RBI To Fight Inflation With Greater Resolve Now: Report

The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...


12 April 2022
Retail inflation rises to 6.95% in March against 6.07% in February

Retail inflation rises to 6.95% in March against 6.07% in February

This is the third consecutive month in which inflation has come in above the 6 per cent upper bound of the Reserve Bank of India's (RBI) mandate


08 April 2022
RBI Keeps Repo Rate Unchanged, Cuts Growth Forecast, Raises Inflation Target

RBI Keeps Repo Rate Unchanged, Cuts Growth Forecast, Raises Inflation Target

The RBI projected growth projection of 7.2 per cent from 7.8 per cent earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing...


06 April 2022
Services Sector Activities Rise In March Though Input Costs Touch 11-Year High: S&P Global

Services Sector Activities Rise In March Though Input Costs Touch 11-Year High: S&P Global

The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 51.8 in February to 53.6 in March, pointing to the strongest rate of...


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06 April 2022
In Shaktikanta Das’ Monetary Policy Committee, There Is No Room For Dissent

In Shaktikanta Das’ Monetary Policy Committee, There Is No Room For Dissent

Despite high inflation in the economy, the regulator of interest rates has so far kept delaying the inevitable- a policy rate hike. Is it mere coincidence or a...


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