RBI
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Latest News
IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption
The IMF has increased its GDP growth forecast for India for the financial year 2023-24 to 6.3%, the second upward…
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India
RBI withdraws ‘Rs 2,000’ note: Exchange facility available in banks till September 30 | DETAILS
RBI withdraws Rs 2,000 note: Rs 2,000 denomination banknote was introduced in Nov 2016, primarily to meet the currency requirement…
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Business
RBI imposes fines on Vakrangee, LIC Housing for violating norms
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with…
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Business
RBI policy body set to meet on Nov 3 to explain missing inflation target
With the retail inflation accelerating to 7.41 per cent in September, the RBI has missed maintaining the inflation target of…
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Business
Internationalisation of rupee has risks but they are unavoidable: RBI deputy governor
Internationalisation of the rupee is a process that involves increasing use of the local currency in cross-border transactions. It involves…
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Business
Fight against inflation will be dogged, prolonged: RBI report
The consumer price-based index (CPI), or retail inflation, accelerated to 7.4 per cent in September from 7 per cent in…
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Business
RBI hikes repo rate by 50 basis points to 5.9%; fourth hike in a row
RBI rate hike: The Reserve Bank’s rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst the…
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Latest News
RBI allows invoicing, payments for international trade in Indian Rupee
RBI’s composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March…
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Latest News
RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank
The RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity…
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Latest News
RBI Monetary Policy: Repo rate hike on cards, announcement at 10 am
In May, the RBI in a surprise off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40…
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