Global economy likely to shrink but worst may be over: RBI Governor
New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.
India's forex reserves at a five-month high of $572 billion
India's foreign exchange reserves swelled to a five-month high in the week ended January 13, the data released by the Reserve Bank of India (RBI) on Friday showed.
'A major risk looming large': RBI warns against Old Pension Scheme
Mumbai: The Reserve Bank of India (RBI) has cautioned states against Old Pension Scheme, saying that it would strain state finances in the future.
India's forex reserves shrink to $561.58 billion
Mumbai: India’s forex reserves dropped by $1.268 billion to $561.583 billion for the week ended January 6, the Reserve Bank of India said Friday.
Hitachi Payment Services receives RBI’s in-principle approval for payment aggregator licence
Mumbai/IBNS: The Reserve Bank of India (RBI) has granted in-principle approval to payment solutions provider Hitachi Payment Services to operate as a payment aggregator, the company said Tuesday.
RBI details auction of India's maiden Sovereign Green Bonds worth Rs 16,000 cr
Mumbai/IBNS: The Reserve Bank of India on Friday notified indicative dates for India's first-ever sales of Sovereign Green Bonds (SGrB) worth Rs 16,000 in two equal tranches on January 25 and February 9 of the current financial year.
RBI working on alternate solutions for Indian banks hit by ESMA regulations
Mumbai: The Reserve Bank of India (RBI) is working on alternate solutions if the European markets’ regulator withdraws recognition of the Indian central bank’s counterparties.
Mumbai/IBNS: The Reserve Bank of India (RBI) expressed concern over the increase in subsidies announced by the states underscoring the adverse impact on their financial health.
RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
RBI hikes repo rate by 35 basis points
Mumbai: The Reserve Bank of India on Wednesday announced that the repo rate has been hiked by 35 basis points to 6.25 percent.
ASSOCHAM urges RBI to begin halt in rate hikes
New Delhi: Ahead of the bi-monthly meeting of the RBI’s Monetary Policy Committee (MPC), the ASSOCHAM has urged the MPC to moderate interest rate hikes.
RBI begins digital rupee pilot in four cities
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
CII wants RBI to consider moderating its monetary tightening pace
Mumbai/IBNS: The Confederation of Indian Industry (CII) wants the Reserve Bank of India (RBI) to consider moderating the pace of its monetary tightening from the earlier 50 basis points given the challenges emanating from global uncertainties.
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.