Reserve Bank Of India
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India's forex reserve gained $66 billion in 2024, may cover year of projected imports
Business | Sep 15, 2024, 03:57 PM ISTSo far this year's gains exceed India's cumulative foreign exchange rise in 2023. The rise in foreign exchange reserves, which saw a $71 billion dip in 2022, is significant in preventing the effects of global economic headwinds on the domestic economy.
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RBI Grade B Phase 1 Admit Card 2024 released; direct link here
Jobs | Aug 30, 2024, 11:01 AM ISTRBI Grade B Phase 1 Admit Card 2024 has been released by the Reserve Bank of India (RBI). Candidates appearing in the RBI Grade B Recruitment exam 2024 can download their call letters by visiting the official website of RBI, rbi.org.in.
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Fintech sector attracted about USD 6 billion in investments in last two years, says RBI Governor
Business | Aug 28, 2024, 06:45 PM ISTReserve Bank Governor Shaktikanta Das said India is now a fast-growing economic powerhouse and stressed that financial institutions and fintech must swiftly adopt a robust framework to capitalise on new opportunities and mitigate risks.
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RBI issues urgent warning for new hacking threat: Here's how to protect yourself
Technology | Aug 24, 2024, 04:00 PM ISTRBI has issued a warning about a new type of fraud, which hackers are using to dupe users. In light of this, people have been cautioned to avoid falling into the hackers' trap.
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India's foreign exchange reserves jump by USD 4.546 billion to USD 674.664 billion
Business | Aug 23, 2024, 09:40 PM ISTBusiness news: Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
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RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?
Business | Aug 21, 2024, 02:54 PM ISTDenmark'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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RBI's big announcements: How will it affect common people? Here are 5 key points
Business | Aug 08, 2024, 05:27 PM ISTRBI Governor Shaktikanta Das made several significant announcements today. Let's understand how these changes might impact the general public.
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Monetary Policy: RBI keeps repo rate unchanged for 9th time in a row at 6.5 pc
Business | Aug 08, 2024, 11:29 AM ISTThis marks the ninth consecutive time the MPC has held the repo rate at 6.5%, maintaining its stance of 'withdrawal of accommodation' to steer inflation towards the desired target. The decision received majority support, with four out of six members in favour.
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PhonePe, GooglePay may soon offer RBI e-rupee: Here's what it is and how it works
Technology | Aug 06, 2024, 09:50 AM ISTPhonePe, Google Pay, and three other platforms are set to join the RBI e-rupee pilot. The e-rupee is a form of digital legal tender, which will be accepted as a medium of payment, legal tender, and a safe store of value.
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RBI tightens norms for cash pay-outs at banks | Check new rules
Business | Jul 25, 2024, 10:19 AM ISTCash pay-out refers to arrangements for amounts being transferred out of bank accounts to beneficiaries not having a bank account.
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Microsoft outage: Indian financial sector remains insulated from global crash, says RBI
Business | Jul 19, 2024, 11:54 PM ISTThe RBI stated that the disruptions faced by these institutions have either been resolved or are currently being addressed. This reassurance comes in light of concerns over potential impacts on financial operations due to the global technical glitch.
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RBI Grade B recruitment 2024 notification: Check eligibility, how to apply, fee, and more
Jobs | Jul 19, 2024, 01:54 PM ISTRBI Grade B recruitment 2024 detailed notification will be soon released by the Reserve Bank of India (RBI). Interested individuals can submit their online applications from the official website, rbi.org.in, once the registration forms are released. Check eligibility, how to apply, fee, and more.
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India registers nearly double employment growth, adds 4.7 crore jobs in 2023-24: RBI
Business | Jul 09, 2024, 04:51 PM ISTAccording to Reserve Bank of India data, India registered an annual employment growth rate of 6 per cent in the FY 24. Last year, the annual employment growth rate was 3.2 per cent only.
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Indian economy set for stable high growth amid Risks, says RBI's Shashanka Bhide
Business | Jun 30, 2024, 02:07 PM ISTThe current official estimate of GDP growth in 2023-24 is 8.2 per cent, accelerating from 7 per cent in the preceding year. Earlier this month, the Reserve Bank of India pegged the GDP growth rate for FY25 at 7.2 per cent.
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Home loan outstanding grew by 3.4 lakh crore in last one year: RBI
Business | Jun 29, 2024, 11:40 AM ISTApart from home loans, credit cards, non-food bank credit, industries and agricultural activity loans saw a year-on-year growth in May 2024. However, the personal loan segment growth has moderated.
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India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion
Business | Jun 28, 2024, 05:44 PM ISTThe apex bank said gold reserves increased by USD 988 million to USD 56.956 billion during the week. The Special Drawing Rights were down by USD 57 million to USD 18.049 billion.
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India records current account surplus of 0.6 per cent of GDP in March quarter: RBI
Business | Jun 24, 2024, 06:50 PM ISTFor FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.
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India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs
Business | Jun 21, 2024, 05:41 PM ISTExpressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
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RBI proposes automatic replenishment for UPI Lite wallet
Business | Jun 07, 2024, 03:00 PM ISTThe 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 | Jun 07, 2024, 01:01 PM ISTRBI 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.