Tag archive for ‘RBI’
By Loknath Das On Saturday, August 19th, 2017
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Is this the new Rs 50 currency note the RBI plans to introduce soon?

New Delhi: The Reserve Bank of India (RBI) in December last year had said that it would issue new currency notes of Rs 50 and Rs 20 denominations with numerals in ascending size in the number panels and without More...

By Loknath Das On Friday, August 18th, 2017
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RBI to shortly issue new Rs 50 note in fluorescent blue colour

The Reserve Bank of India will shortly issue new Rs 50 denomination banknotes with the motif of Hampi with chariot on the reverse, the central bank said on Friday. “The base colour of the note is Fluorescent More...

By Loknath Das On Thursday, August 17th, 2017
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July Consumer Inflation Data Could Delay Rate Move By RBI, Say Experts

Mumbai: Annual consumer price inflation picked up to 2.36 per cent in July from 1.54 per cent in June, as a decline in food prices slowed sharply, government data showed on Monday. The rise was faster than the More...

By Loknath Das On Tuesday, August 15th, 2017
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Ensure Safety Of Customers’ Lockers: RBI To Banks

New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed More...

By Loknath Das On Friday, August 11th, 2017
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Note ban dents RBI income

Surplus transfer to Centre lowest since 2011-12 Costs incurred due to the demonetisation exercise dented the Reserve Bank of India’s (RBI) income resulting in the central bank transferring less than half the More...

By Loknath Das On Thursday, August 3rd, 2017
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RBI Becomes First In Asia To Cut Rates This Year

Mumbai: The Reserve Bank of India cut its main policy rate on Wednesday by a quarter percentage point to a more than 6-1/2 year low, saying a slump in inflation opened room for monetary easing, while pinning further More...

By Loknath Das On Thursday, August 3rd, 2017
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RBI reduces policy rate: Will your loan rates also go down?

As expected on August 2, in the third bi-monthly monetary policy statement, the Reserve Bank of India cut the policy rate by 25 basis points (bps) from 6.25% to 6%. One basis point is one-hundredth of a percentage More...

By Loknath Das On Wednesday, July 26th, 2017
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RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes

The Reserve Bank of India (RBI) stopped printing 2,000-rupee notes about five months ago, stepping up instead the production of smaller bills, including a new Rs 200, people familiar with the matter said on Tuesday. The More...

By Loknath Das On Friday, July 21st, 2017
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RBI Seen Reducing Key Interest Rate In August, Say Experts

New Delhi: With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel the pressure has increased on the Reserve Bank of India to cut the benchmark More...

By Loknath Das On Wednesday, July 19th, 2017
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RBI Seen Reducing Key Interest Rate In August, Say Experts

New Delhi: With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel the pressure has increased on the Reserve Bank of India to cut the benchmark More...