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  India's forex market average daily turnover doubled from USD 32 billion in 2020 to USD 60 bn in 2024

  Business | April 19, 2025 16:40 IST

  For the week ended April 11, foreign currency assets, a major component of the reserves, rose by USD 892 million to USD 574.98 bn. Expressed in dollar terms, the foreign currency assets include effect of appreciation or depreciation of non-US units like euro, pound andyen held in forex reserves.

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  Ex-RBI Governor Shaktikanta Das appointed Principal Secretary to PM Modi

  Business | February 22, 2025 18:01 IST

  Former RBI Governor Shaktikanta Das has been appointed as the principal Secretary to Prime Minister Narendra Modi.

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  Reserve Bank of India gets 'bomb threat' email, police begin investigation

  India | December 13, 2024 10:11 IST

  Following the incident, an FIR was filed at the Mata Ramabai Ambedkar (MRA) Marg Police Station against unidentified individuals.

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  Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today

  Business | December 11, 2024 7:06 IST

  IAS officer Sanjay Malhotra has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. With inflation at 6.2 per cent and GDP growth slowing, Malhotra faces critical decisions on India’s monetary policy.

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  Shaktikanta Das: Six major policy decisions in six years as RBI Governor

  Business | December 10, 2024 14:52 IST

  Shaktikanta Das, the outgoing RBI Governor, made six pivotal policy decisions during his tenure, from navigating the COVID-19 crisis to introducing India’s Digital Rupee. Know about his lasting impact on India’s economic landscape.

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  Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das

  Business | December 09, 2024 18:06 IST

  Sanjay Malhotra, who is currently serving as the Revenue Secretary in the Finance Ministry will now replace Shaktikanta Das, whose tenure comes to an end on Tuesday, December 10.

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  Sanjay Malhotra, Revenue Secretary, appointed by Modi government as next RBI Governor

  Business | December 10, 2024 6:21 IST

  Sanjay Malhotra's appointment is effective December 11, 2024, and will continue for three years, as per an official notification from the Department of Personnel and Training on Monday.

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  'RBI Governor Shaktikanta Das discharged from hospital, health condition fine', says Central bank

  India | November 26, 2024 18:11 IST

  Earlier in the day, the RBI Governor was admitted to Apollo Hospital in Chennai after he experienced acidity. After initial examination, he was diagnosed with acidity.

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  RBI to take decision on repo rate, three-day monetary policy committee meeting begins today

  Business | October 07, 2024 11:34 IST

  The 3-day Monetary Policy Committee (MPC) meeting will conclude on October 9. The outcome of the meeting is eagerly awaited as the RBI has kept the repo rate steady for the last nine consecutive months.

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  RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?

  Business | August 21, 2024 14:54 IST

  Denmark's Christian Kettel Thomsen and Switzerland's Thomas Jordan, Das was recognised for his effective management of inflation, economic growth, currency stability, and interest rates. This accolade highlights his successful monetary policies amidst global economic challenges.

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  PM Modi congratulates RBI Governor Shaktikanta Das on receiving 'A+' rating in Global Finance Report

  Business | August 21, 2024 10:37 IST

  RBI Governor Shaktikanta Das has been awarded an "A+" rating by Global Finance magazine, making him one of only three central bank governors globally to receive the top distinction for the second consecutive year. The rating recognises Das's leadership in navigating India's economic challenges.

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  Banks urged to focus on core business, innovate for higher deposits: FM Sitharaman

  Business | August 10, 2024 14:54 IST

  Finance Minister Nirmala Sitharaman urged banks to prioritise their core business activities, emphasising the necessity of collecting deposits and lending with increased strictness.

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  RBI increases UPI transaction limit for tax payments to Rs 5 lakh

  Business | August 08, 2024 11:10 IST

  RBI Governor Shaktikanta Das also proposed creating a public repository of digital lending apps to curb unauthorized players and expressed concerns over the rising disbursals of top-up home loans.

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  RBI proposes automatic replenishment for UPI Lite wallet

  Business | June 07, 2024 15:00 IST

  The Reserve Bank of India (RBI) has proposed a new facility to allow automatic replenishment of UPI Lite wallets to promote small-value digital payments. Currently, UPI Lite has a daily limit of Rs 2,000 and a per-transaction limit of Rs 500.

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  RBI keeps repo rate unchanged at 6.5% for eight consecutive time | Key highlights

  Business | June 07, 2024 13:01 IST

  RBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.

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  RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time

  Business | April 05, 2024 10:25 IST

  The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, has announced the decision to maintain the Policy Repo Rate at 6.5%. This steady stance indicates a deliberate approach towards economic stability.

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  RBI keeps repo rate unchanged at 6.50 per cent for sixth time in a row

  Business | February 08, 2024 12:21 IST

  The monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.

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  Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

  Business | January 17, 2024 18:59 IST

  The governor said that structural reforms by the government in recent years have boosted the medium- and long-term growth prospects of the economy.

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  Inflation moderating, moving towards 4 per cent target: RBI Governor Shaktikanta Das

  Business | January 17, 2024 18:28 IST

  Speaking at the World Economic Forum annual meeting in Davos, the governor expressed confidence in the effectiveness of monetary policy, stating that core inflation has been steadily decreasing.

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  RBI, two other banks receive bomb threat, sender demands resignation of Sitharaman, Shaktikanta Das

  India | December 29, 2023 16:26 IST

  The sender claimed to be from 'Khilafat India' and stated that bombs have been planted at a total of 11 locations in Mumbai. According to the email, the bombs were planted at RBI offices, ICICI Bank and HDFC Bank and the blasts were to take place at 1:30 pm today (December 26).