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CENTRAL BANK DIGITAL CURRENCY
Russia will discuss digital currencies payments with BRICS+ partners at India summitRussia will discuss digital currency trade settlements with BRICS+ partners this week. President Vladimir Putin will attend the BRICS+ summ...
Sebi launches Demat 2.0 pilot for tokenised corporate bondsSebi has launched Demat 2.0, a pilot for tokenised corporate bonds using distributed ledger technology and wholesale e-rupee settlement. RE...
BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
Sebi completes first phase of Demat 2.0 bond pilot; secondary trading next: Tuhin Kanta PandeyThe Securities and Exchange Board of India (SEBI) has completed the first phase of its Demat 2.0 pilot for corporate bonds and will next br...
MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
Rupee falls to 95.11 vs US dollar as West Asia tensions drive oil fearsThe rupee weakened 0.3% to 95.1050 against the dollar as escalating West Asia military tensions pushed Brent crude above $100. RBI interven...
RBI uses currency swaps to cut $115 billion cash surplusIndia's central bank is draining excess cash from banks using currency swaps. This action follows record high funds in the financial system...
RBI explores tokenising gold amid push to expand Unified Markets InterfaceThe Reserve Bank of India is exploring gold tokenisation for its Unified Markets Interface. This platform currently settles tokenised finan...
Jio Payment Solutions launches cross-border payments to connect exporters with global marketsJio Payment Solutions has launched a new cross-border payment platform. This facility helps Indian exporters receive international payments...
Rupee's RBI-backed rally falters, slips past 95 on oil, slowing interventionThe Indian rupee slid past ninety-five against the dollar on Wednesday, influenced by climbing oil prices that have offset recent intervent...
US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study findsThe dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve ...
India’s record foreign deposit push could cost RBI $10.6 billion: Why the diaspora fundraising drive may prove expensiveIndia's recent fundraising initiative among its diaspora is anticipated to incur significant expenses for the Reserve Bank of India. The un...
Cross-border fintechs are still competing with banks, not each other: Skydo’s Movin JainSkydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than com...
REC set to debut tokenised corporate bond sale next week: BankersIndia will launch tokenized corporate bonds next week using blockchain technology. State-run REC aims to raise five billion rupees through ...
Centre sees no cost pain for RBI on dollar delugeThe Reserve Bank of India anticipates minimal costs from significant forex inflows. High interest rates on US treasuries are expected to of...
- Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raise...
Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
Japan’s JCRA upgrades India’s sovereign rating to A-, cites strong growth, financial stabilityJapan Credit Rating Agency (JCR) has upgraded India’s sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustaine...
India to pitch central bank digital currencies to BRICS partners at meetThe global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash ...