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An international currency is one that is freely available to non-residents, essentially to settle cross-border transactions, and in the case of the rupee, this will be achieved by promoting itAn inte → Read More
The Indian government had no outstanding loans with the central bank under ways and means → Read More
The RBI said it purchased $22.28 billion and sold $17.92 billion in the spot market → Read More
The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. → Read More
The reduction in non-residents' financial assets in India though was relatively lesser at $9.6 billion → Read More
The central government had no outstanding loans in the week earlier as well → Read More
Business Standard brings you the top headlines this hour → Read More
Central bank had first issued show-cause; latest action follows company's response to the notice → Read More
RBI is evaluating the rules governing banks' non-core activities, the Banking Regulation Act could be amended to reflect the changes in relation to banks' non-core activity → Read More
Given the global economic outlook, the policy focus should be to first preserve financial stability and not take undue policy risks → Read More
The Indian central bank intends to be among the monetary authorities spearheading a potential shift in the history of money. Central banks around the world are evaluating the possibility of introducing central bank digital currencies (CBDCs). If they are convinced and willing to introduce CBDCs, it would mark a big change, though its potential impact remains debatable. In terms of scale, as of… → Read More
Business Standard brings you the top headlines at this hour → Read More
If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier → Read More
Latest news Live updates: From Reserve Bank of India's monetary policy announcement to Covid data, catch all the latest live updates here → Read More
In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent → Read More
DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits → Read More
Read more about RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors on Business Standard. Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC) → Read More
Read more about Top Headlines: India to overcome Covid losses by FY35, Trai's 5G proposals on Business Standard. Business Standard brings you the top headlines at this hour → Read More
Read more about India's foreign exchange reserves down $311 million to $603.7 billion on Business Standard. In the previous week ended April 8, the reserves had declined by USD 2.471 billion to stand at USD 604.004 billion. → Read More
Read more about RBI regulated markets to start trading at 9 am from Apr 18 on Business Standard. From April 18, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a release on Monday → Read More