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
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...
Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...
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...
RBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation
RBI Governor Shaktikanta Das, as per the minutes, said the off-cycle monetary policy actions were aimed at lowering inflation and anchoring inflation...
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...
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
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...
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...
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...
