Reserve Bank Of India
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Shaktikanta Das: Six major policy decisions in six years as RBI Governor
Business | Dec 10, 2024, 02:52 PM ISTShaktikanta 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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Sanjay Malhotra, Revenue Secretary, appointed by Modi government as next RBI Governor
Business | Dec 10, 2024, 06:21 AM ISTSanjay 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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SBI forecasts India's GDP growth at 6.3 pc, lower than RBI's projection for financial year 2025
Business | Dec 07, 2024, 02:34 PM ISTThe current downward revision to 6.6 per cent for FY25 reflects the RBI's acknowledgement of potentially missing earlier projections by a significant margin.
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RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details
Business | Dec 06, 2024, 05:21 PM ISTCredit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said.
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RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
Business | Dec 06, 2024, 02:13 PM ISTTerming the growth much lower-than-anticipated, RBI Governor Shaktikanta Das exuded confidence that high-frequency indicators available so far suggest that the slowdown in domestic economic activity bottomed out in Q2:2024-25.
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RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines
Business | Dec 04, 2024, 09:50 PM ISTAs per the new regulations, the RBI said the offline framework has been updated and the enhanced limits for UPI Lite shall be Rs 1,000 per transaction, with Rs 5,000 being the total limit at any point in time.
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RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly
Business | Dec 03, 2024, 07:46 AM ISTIssuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.
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India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI
Business | Nov 29, 2024, 05:57 PM ISTThe reserves, which had hit an all-time high of USD 704.885 billion in end-September, have been declining for multiple weeks, at a time when the rupee has also been under pressure.
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'RBI Governor Shaktikanta Das discharged from hospital, health condition fine', says Central bank
India | Nov 26, 2024, 06:11 PM ISTEarlier 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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Bank holiday today: Banks closed in these cities due to Maharashtra election, check full list
Business | Nov 20, 2024, 12:19 PM ISTBank holiday today: As per the RBI order, Mumbai, Belapur, Kanpur, and the Nagpur region will observe a bank holiday on Wednesday, November 20.
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India's forex reserves fall to USD 675.653 billion as of November 8, says RBI
Business | Nov 15, 2024, 05:54 PM ISTThe fall is attributed to a dip in foreign currency assets, which form the largest component of the reserves. These assets saw a reduction in valuation as the dollar strengthened against major global currencies.
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India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
Business | Nov 08, 2024, 06:53 PM ISTIndia’s foreign exchange reserves declined for the fifth consecutive week, dipping by $2.675 billion to $682.130 billion. This trend may indicate RBI’s market intervention to support the rupee amid currency volatility. Discover how reserve changes impact India’s economy and stability.
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India's forex reserves drop USD 2.16 billion to USD 688.26 billion for week ending on October 18
Business | Oct 25, 2024, 05:56 PM ISTIn the week ending October 18, India’s foreign exchange reserves witnessed a decrease primarily driven by a significant drop in Foreign Currency Assets (FCA), one of the largest components of the reserves.
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Fixed Deposit rates likely to decline soon! List of banks offering maximum interest on FDs | Check
Business | Oct 14, 2024, 11:18 PM ISTFixed Deposits (FDs) have consistently been a go-to investment for individuals who prioritise stability and low risk, as opposed to market-linked investments like mutual funds and stocks.
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RBI increases UPI Lite, UPI 123PAY transaction limits to boost 'digital payments'
Business | Oct 09, 2024, 11:54 AM ISTThe Reserve Bank of India (RBI) has raised the transaction limits for UPI Lite and UPI 123PAY, increasing accessibility to digital payments. The UPI Lite limit has risen from Rs 500 to Rs 1,000, while UPI 123PAY limits have doubled to Rs 10,000.
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RBI’s MPC meeting concludes, UPI transaction limits changed, repo rate steady | Key takeaways
Business | Oct 09, 2024, 11:02 AM ISTThe Reserve Bank of India Governor as ex-officio chairman of the Monetary Policy Committee commenced the three-day meeting on October 7 which concluded today. It was anticipated that the repo rate would be reduced this time considering the rate cuts by the US Feds.
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RBI keeps repo rate unchanged at 6.5 per cent for 10th consecutive time
Business | Oct 09, 2024, 10:39 AM ISTThe Reserve Bank of India (RBI) has kept the benchmark repo rate unchanged at 6.5% for the 10th consecutive time, maintaining its focus on inflation control while balancing economic growth.
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RBI to take decision on repo rate, three-day monetary policy committee meeting begins today
Business | Oct 07, 2024, 11:34 AM ISTThe 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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India’s forex reserves hit record high of USD 704.88 billion, surging by USD 12.58 billion
Business | Oct 04, 2024, 06:06 PM ISTThe sharp increase in forex reserves strengthens India's ability to cushion against global economic uncertainties and provides greater stability to its currency in the face of volatile international markets.
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RBI unlikely to cut rates amid strong economic growth, says SBI report
Business | Oct 03, 2024, 01:25 PM ISTThe Reserve Bank of India (RBI) is unlikely to announce a rate cut in its upcoming monetary policy meeting, according to a report by the State Bank of India (SBI). With India experiencing robust economic growth that surpasses capacity, the RBI is expected to maintain current interest rates.