November 29, 2022 05:56 (IST)
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Two students from Telangana drown in US, one killed trying to save another | 'The Kashmir Files vulgar, propagandistic': IFFI jury slams, calls it 'inappropriate' for festival | Men attack police van carrying Aaftab Ameen Poonawala accused of killing Shraddha Walkar | Ramdev says women look good even without clothes, stirs row | 'Haven't criticised anyone': Chetan Bhagat after his comment on Uorfi Javed stirs row

Hit by MTM losses banks may approach RBI for relief

Mumbai: The banks have again approached the RBI, seeking to be allowed to spread the provisions covering the marked-to-market losses citing the losses incurred in June, media reports said.

RBI increases repo rate by 50 bps, retains FY23 growth forecast at 7.2 pc

Mumbai: As widely expected, the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis point to 5.40 per cent in a bid to tame inflation which has been above its comfort level for the past six months in a row.

India's forex reserves grow after four weeks of decline

Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.

RBI hikes key lending rate by 50 basis points

Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.

Rupee finding its own course, forex reserves adequate: Nirmala Sitharaman dismisses opposition's concern over economic crisis

New Delhi: A few days after former RBI Governor Raghuram Rajan and ex-NITI Aayog Vice-Chairman Arvind Panagariya dismissed concerns over the possibility of India facing a Sri Lanka-like economic crisis, Finance Minister Nirmala Sitharaman Tuesday told Rajya Sabha the rupee's fall against the USD was not alarming and the unit has performed better than its peers.

Rupee holding up well compared to advanced, EME peers: RBI Guv

Mumbai: Amid consistent depreciation of the rupee against the US dollar, Reserve Bank of India (RBI) Governor Shaktikanta Das Friday said that the Indian rupee has been holding up well compared to both advanced and EME (emerging market economies) peers.

RBI's reschedules Aug MPC meeting due to 'administrative exigencies'

Mumbai: Reserve Bank of India  (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”

FICCI downgrades India GDP growth to seven percent for FY23

New Delhi/UNI: Amid continuing geo-political uncertainties and apprehensions of some of the major economies slipping into recession, industry body FICCI on Thursday projected the Indian economy to grow at seven percent in the FY 2022-23.

Finance minister says ban on cryptocurrencies not possible without international collaboration

New Delhi: Sitharaman's statement on cryptocurrencies or Virtual Currencies (VCs) in Parliament was in response to a five-pointer question by Thirumavalavan, a member of Parliament from Tamil Nadu's Chidambaram.

RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.

June retail inflation at 7 pc continues to be above RBI target for 6 months

New Delhi: India's June retail inflation dipped marginally to 7.01 percent in June to 7.04 percent in May, according to government data released on Tuesday, breaching Reserve Bank of India (RBI) target of 2 to 6 percent for six consecutive months.

RazorPay, Pine Labs among others to get RBI's nod for payment aggregator licence: Report

Mumbai: The Reserve Bank of India (RBI) has given in-principle nod to RazorPay and Pine Labs among other payment gateways and fintech companies who had applied for payment aggregator licence.

Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report

The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.

RBI lifts restrictions on Mastercard

Mumbai: Mastercard is back in the good books of the Reserve Bank of India (RBI) almost a year after the central bank imposed restrictions on its operations.

'CPI may have already peaked; Fed can borrow RBI template to control rampaging US inflation': SBI research report

Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22,  State Bank of India’s Economic Research Department said Monday.