Check Where To Exchange, Deadline And More
The RBI started printing the Rs 2,000 note in November 2016. The Reserve Bank of India (RBI) on Friday announced that Rs 2,000 currency notes are being withdrawn from circulation.…
Monetary Policy At Work, Substantial Disinflation Achieved: RBI
The retail inflation in March fell to a 15-month low of 5.66 per cent. (File) Mumbai: Monetary policy is at work. Substantial disinflation has been achieved, but the road to…
RBI Officials, Bank Executives To Hold Talks On Supervisory Issues In May: Report
Reserve Bank of India officials will meet with executives at state-run banks on May 22. (File) Mumbai: India’s central bank will hold separate meetings with the executive of state-run and…
RBI Expansion Of NDF Access Will Facilitate Flexible Hedging: Analysts
IBUs were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents. Mumbai: The Reserve Bank of India said it is proposing to permit banks with IFSC banking…
Foreign Exchange Reserves At 3-Month Low Of $560.94 billion
The rupee ended at 81.9650 today. (File) Mumbai: Foreign exchange reserves fell for the fourth straight week to a three-month low of $560.94 billion as of the week ended Feb.…
Forex Reserves Show Biggest Weekly Decline In 11 Months, Fall To $566.9 Billion
Last week, the rupee fell 0.8% against the U.S. dollar. (File) Mumbai: India’s foreign exchange reserves fell 8.3% in the week to Feb. 10, logging its biggest decline in more…
RBI Back With Hackathon Harbinger 2023, Seeks Innovative Fintech Solutions
Participants can registerand submit their proposals from February 22 to March 24. New Delhi: The Reserve Bank of India on Tuesday announced the second edition of its global hackathon ‘HARBINGER’,…
Forex Reserves Fall To $575.27 Billion, Snap 3-Week Rise
In the week to Jan. 27, the reserves stood at $576.76 billion. (File) Mumbai: India’s foreign exchange reserves fell for the first time in four weeks and stood at $575.27…
Digital Currency Needs To Feel Real. Here’s The Reason Why
Five years ago, central bank digital currencies were a curiosity. Now, they’re a fad. More than 40 economies are running pilots or are in the pretrial development phase, in addition…
RBI Hikes Lending Rate To 6.25%, Fifth Hike In A Row
RBI Monetary Policy: RBI hikes repo rate to 6.25% The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent,…