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  RBI has allowed banks from 18 countries to open rupee accounts for trade: Govt

  Business | March 15, 2023 15:42 IST

  The Reserve Bank of India has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees. This decision is expected to boost India's exports and help avoid wartime international sanctions.

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  Inbound travellers from G20 countries visiting India can avail UPI facility at 3 airports: RBI

  Business | February 21, 2023 21:33 IST

  The RBI said that the eligible travellers would be issued Prepaid Payment Instruments (PPI) wallets linked to UPI for making payments at merchant outlets.

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  'Indian banking system stronger, larger to be impacted'- How RBI Governor S Das reacted to Adani row

  Business | February 08, 2023 14:07 IST

  Reserve Bank Governor Shaktikanta Das rejected speculations about Indian banks may have exposure to ongoing market turbulence prompted by the Adnai row.

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  Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%

  Business | February 08, 2023 12:17 IST

  Home, car loan EMIs set to rise again as RBI hiked interest rate by 25 BPS to 6.5%

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  "Major risk looming large": RBI's warning to Himachal, Rajasthan over reverting to old pension

  Business | January 17, 2023 21:03 IST

  The observations in the RBI's Report titled 'State Finances: A Study of Budgets of 2022-23' comes in the backdrop of Congress-ruled Himachal Pradesh becoming the latest state to announce reverting to the Dearness Allowance (DA) linked Old Pension Scheme (OPS).

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  Retail inflation falls to 1 year low of 5.72 per cent in December 2022

  Business | January 12, 2023 18:19 IST

  Retail inflation in December 2022: The Consumer Price Index based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.

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  Indian economy presents a picture of resilience amid global shocks: RBI Governor

  Business | December 29, 2022 18:31 IST

  Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said.

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  'RBI stopped printing Rs 2,000 notes 3 years back,' says BJP MP Sushil Modi, raises debate

  India | December 12, 2022 18:41 IST

  RBI stopped printing the Rs 2,000 currency notes 3 years back. There is information that people have hoarded it and it is being used for terror funding, drug trafficking and black money, Sushil Modi said.

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  RBI announces launch of first pilot for retail digital rupee

  Business | November 29, 2022 16:42 IST

  The RBI has said the e₹-R would offer features of physical cash like trust, safety and settlement finality.

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  RBI to launch first pilot of Digital Rupee today

  Business | November 01, 2022 0:18 IST

  The Reserve Bank of India (RBI) will launch first pilot of Digital Rupee for the wholesale segment on November 1, 2022 (Tuesday), a statement said on Monday.

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  RBI issues consolidated guidelines on unhedged foreign currency exposure

  Business | October 12, 2022 8:21 IST

  Reserve Bank of India news: In the wake of a bank seeking clarification on various aspects related to UFCE, the RBI said a comprehensive review of the extant guidelines has been undertaken and all the existing instructions on the subject have been consolidated.

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  New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS

  Business | October 01, 2022 12:58 IST

  Debit credit cards tokenisation: On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1. The number of tokenised cards had gone up from 19.5 crore tokens created in June, according to data shared by RBI earlier.

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  Rupee falls 10 paise to 79.67 against US dollar in early trade

  Business | September 12, 2022 10:54 IST

  At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.

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  RBI needs to be more synchronised to handle inflation: FM Sitharaman

  Business | September 08, 2022 12:46 IST

  Inflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Sitharaman said.

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  RBI mulls setting up of fraud registry to check banking frauds

  Business | August 29, 2022 18:50 IST

  Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks.

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  RBI likely to slow down pace of rate hikes, may raise rates by 0.25 pc in Sept: Deutsche Bank

  Business | August 22, 2022 21:30 IST

  RBI rate hike: In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC).

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  RBI retains growth forecast at 7.2 per cent for current fiscal

  Business | August 05, 2022 12:53 IST

  RBI monetary policy: The RBI expects growth in the first quarter of the current fiscal at 16.2 per cent, which will taper to 4 per cent by the fourth quarter.

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  RBI likely to hike policy rates tomorrow to check inflation

  Business | August 04, 2022 23:32 IST

  RBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.

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  RBI allows invoicing, payments for international trade in Indian Rupee

  Business | August 03, 2022 7:12 IST

  RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters.

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  RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts

  Business | July 31, 2022 14:01 IST

  The Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.