RBI net sells $6.184 bn of US currency in June
Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...
RBI to hike rates again by year-end, August still in play: Poll
The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early More...
No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?
The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...
RBI Probe In 2016 Found No Proof Of ‘Quid Pro Quo’ In Videocon Loans
The Reserve Bank of India had found no proof of any “quid pro quo” or reciprocal benefits being extended by ICICI Bank to the Videocon group, when it conducted a detailed probe nearly two years ago, according More...
Currency circulation in India at 99% of pre-demonetisation level: RBI data
The demonetisation move on 8 December 2016 sucked out 86% of the currency in circulation. Photo: AP Mumbai: Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the More...
Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report
New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...
RBI Announces New System To Settle Bad Loans
The RBI said that all prior schemes will be withdrawn with immediate effect HIGHLIGHTS RBI sought to push more large loan defaulters toward bankruptcy courts New rules aimed at creating harmonized, simplified More...
Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast
The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows More...
RBI likely to cut rates in December 6 policy review: Report
The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to be about 3.3%, says a report. “We continue to expect the RBI More...
RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the More...