RBI

Forex: Indian rupee slips to 78.68 against US dollar

The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday.

Jun 28, 2022

Farmers protest: K'taka farmers protest against RBI, demand change in loan policy

Demanding a change of loan policy and delinking CIBIL score for extending the agricultural loan, thousands of farmers staged a protest against the Reserve Bank of India (RBI) in Bengaluru on Tuesday.

Jun 28, 2022

Home loans: HDFC raises home loan interest rate by 50 bps, effective from today

Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points.

Jun 10, 2022

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on Wednesday.

Jun 8, 2022

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Reserve Bank of India's balance sheet grows by 8.46% in Fiscal year 2022

The size of the Reserve Bank of India's (RBI) balance sheet increased by 8.46 per cent as on March 31, 2022, mainly reflecting its liquidity and foreign exchange operations during the entire fiscal year.

May 27, 2022

May go for rate hike in June, will not allow rupee to depreciate: RBI Governor

India's central bank is mulling further rate hikes, said its Governor Shaktikanta Das.He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market.

May 23, 2022

Mayhem in crypto market as Bitcoin drops below $30,000 per coin; Investors in a panic mode

The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode.

May 10, 2022

Reserve Bank of India to restore regulated markets' trading hours to pre-pandemic timings

The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday.

Apr 12, 2022

Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

Reserve Bank of India on Friday lowered India's FY23 GDP growth projection to 7.2 per cent from an earlier estimation of 7.8 per cent.

Apr 8, 2022

Govt on Cryptocurrency: No plans to introduce and Reserve Bank of India does not issue cryptocurrency

There is no plan to introduce a cryptocurrency and currently, it is unregulated in India, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply."Reserve Bank of India (RBI) does not issue cryptocurrency.

Mar 16, 2022

Fake currency found in RBI chest in Lucknow

Fake currency notes comprising Rs 10 rupee note, 18 notes of Rs 50, 443 notes of Rs 100, one note each of Rs 500 and Rs 2,000 were found

Jan 3, 2022

Investors approach RBI to buy stake in RBL Bank: Report

The current management team led by Rajeev Ahuja has full support from RBI. The slippages had peaked in Q2 and will be improving this quarter

Dec 27, 2021

India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

RBI imposes Rs 1 Cr penalty on SBI; Rs.1.95 Cr on Standard Chartered

The bank was notified to show cause "why a penalty should not be levied for the non-compliance with the aforementioned directives".

Oct 19, 2021

The RBI leaves key interest rates unchanged at 4%; Maintains protective shield for recovery

The Reserve Bank of India kept its key short-term lending rates unchanged to protect the fledgling economic recovery. The central bank's Monetary Policy Committee (MPC) unanimously opted to keep the repo rate, or short-term lending rate, for commercial banks at 4%

Aug 6, 2021

India's retail inflation eases sequentially in June; remains above 6% [details]

On a monthly basis, India's retail inflation dropped in June. Last month, the Consumer Price Index (CPI) fell to 6.26 percent from 6.30 percent in May.

Jul 13, 2021

RBI bars MPs, MLAs from holding MD post in urban co-op banks; cracks down on political interference [details]

As per RBI's direction, in case the present MD does not satisfy the prescribed 'Fit and Proper' criteria, the UCB shall initiate the process for appointment of a new MD immediately.

Jun 27, 2021

India's foreign exchange reserves drop to $603.9 billion from last week's $608 billion

The value of India's foreign exchange reserves fell by $4.148 billion. Furthermore, the country's reserve position with the International Monetary Fund (IMF) decreased by $46 million to $4.965 billion.

Jun 26, 2021

People are saving less as inflation is surpassing past record

According to the Reserve Bank of India's (RBI) Preliminary Estimates of Household Financial Savings, the economy's openness and the easing of Covid infections last year had an impact on household financial savings.

Jun 23, 2021