RBI
- Delhi
Six years on, jury is still out on efficacy of demonetisation
Delhi: The jury is still out on the efficacy of the decision to demonetise high value currency notes on November 8, 2016, with the government claiming it has helped greater formalisation of…
- India
Banks to remain closed today – Here’s list of holidays in November
Hyderabad: Reserve Bank of India (RBI) has released the list of bank holidays in November. As per the list, there are ten holidays in the current month. Out of the listed holidays,…
- India
Ready to deal in digital rupee? Find out what exactly it is
New Delhi: The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from…
- Business
Digital currency to cut RBI’s cash management costs, drive financial inclusion
New Delhi: As the RBI has kick-started a pilot project from November 1 to launch digital rupee in the wholesale segment and subsequently plans to roll out another one in the retail…
- Business
RBI panel holds meeting to draft response to Centre on failure to check inflation
New Delhi: Having failed to keep inflation within its tolerance limit of up to 4 per cent for the past three quarters, the monetary policy committee (MPC) of the Reserve Bank of…
- India
Rupee has behaved in an orderly manner, says RBI Governor
New Delhi: With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark against the US dollar, RBI Governor Shaktikanta Das on Wednesday said that the…
- India
RBI to launch first pilot of Digital Rupee on Tuesday
Mumbai: India’s first Digital Rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. “…the first…
- India
Inflation set to ease, though stubbornly: RBI bulletin
New Delhi: The Reserve Bank of India (RBI) has expressed optimism that headline inflation is set to ease from its September high, albeit stubbornly, on the back of easing momentum and favourable…
- India
Inflation ‘manageable’ at 7.4 percent, love to see it down to 4 percent: Sitharaman
Washington: Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 percent in India, is “at a manageable level” compared to where some other countries are at…
- Business
RBI to tell govt why it failed to check inflation since Jan
New Delhi: With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the…
- India
SC to examine 2016’s demonetisation, seeks affidavits from Centre, RBI
Delhi: The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision and also keep the files ready in connection with Centre’s letter…
- India
RBI looking at phased implementation strategy to launch digital currency
New Delhi: The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC). It has made this observation in a concept note…
- Business
RBI rate hike on expected line, says Kerala Inc
Kochi: Leading industrialists and bankers in Kerala have welcomed the rate hike decision taken by the Reserve Bank of India’s Monetary Policy Committee (MPC), as they say these measures are timely and…
- Business
EMIs to rise as RBI hikes interest rate again
Mumbai: Home, auto and other loan EMIs are set to rise further after the RBI on Friday raised the key interest rate by 50 basis points, the fourth straight increase since May,…
- India
RBI hikes repo rate to fight high inflation
Mumbai: Reserve Bank of India’s Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 percent. Explaining the rationale behind the policy,…
