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RBI INITIATIVES
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
378% return on SGB premature redemption date: This gold bond has turned Rs 1 lakh investment into Rs 4.78 lakhThe Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2019-20 Series-I. Investors can redeem these bonds...
308% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.08 lakhThe RBI has announced the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series-VII, set at Rs 15,275 per unit. Investors...
Banks pay 7% on dollar deposits as India seeks fresh foreign currencyIndian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new ...
220% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.20 lakhThe Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2021-22 Series-III. Investors can redeem these bon...
Inflation poses bigger risk than growth this fiscal as monsoon and crude weigh on rural demand: NuvamaIn FY27, India's economy grapples with inflation that hits hardest in rural regions, where rising food prices become an urgent concern. The...
Reeling rupee drags students abroad deeper into debt at homeA weakening rupee is causing significant financial strain for Indian students pursuing education abroad. Loans sanctioned earlier are now i...
Rupee in rhapsody, passes 95 vs USD level at closeOn Friday, the Indian Rupee made impressive gains, climbing 84 paise against the US Dollar. This upward momentum came after the Reserve Ban...
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutralThe Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowing...
RBI deputy governor Swaminathan J gets two-year extensionThe union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman's term for another two years with effect fr...
Weak monsoon may impact rural demand, private consumption: RBI governor Sanjay MalhotraReserve Bank of India Governor Sanjay Malhotra anticipates a potential impact on rural demand and private consumption due to a projected mo...
India makes big moves to attract foreign investments in bonds: How will this impact stock market?India has unveiled significant measures to attract foreign investment, including tax exemptions on government securities and increased inve...
MPC Forex Level: India’s forex reserves remain healthy at $682.3 billion, says RBI Governor Sanjay MalhotraIndia's foreign exchange reserves are strong at $682.3 billion. The Reserve Bank of India has used these reserves to stabilize the rupee. D...
RBI MPC highlights: Top decisions announced by Governor Sanjay Malhotra & CoRBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Policy Committee's (MPC) decision, wit...
FEMA case against Myntra closed following compounding: EDMyntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no o...
RBI clears Myntra's FEMA violations after penalty payment; ED closes investigationThe Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the ...