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CENTRAL BANK DIGITAL CURRENCIES
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 ...- At $729 billion, forex kitty hits a recordReserves increased $12.4 billion during the week, with foreign currency assets increasing $9.4 billion to $591 billion, while the value of ...
- Raghuram Rajan calls for Federal Reserve rate hike, says US economy 'not being held back'Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes current financial conditions remain ...
- Rupee gains this week as dollar supply surges ahead of deposit window's closeThe Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposi...
- RBI is showing up whenever rupee weakens in intervention shiftIndia's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's inter...
- RBI working to give banknotes in your pocket a longer lease on lifeThe RBI is exploring ways to extend the life of banknotes, including surface coatings and polymer notes for lower denominations, Deputy Gov...
- Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buyin...
- Dollar moves in a narrow range ahead of inflation data, Jackson HoleIn Asian markets, the dollar held steady as traders looked ahead to crucial inflation reports, particularly the US PCE data set to be relea...
- Delhi Lakshmi Yojana: 4,000 women to receive sanction letters on Wednesday, aid from Sept 1Around 4,000 women will receive sanction letters for the Lakshmi Yojana scheme. Eligible women will receive Rs 2,500 monthly financial assi...
- Oil fall lifts rupee to over one-week high after central bank keeps lid on lossesThe Indian rupee surged to a one-week peak on Tuesday, empowered by the recent dip in oil prices alongside measures taken by the central ba...
- RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
- India plans first tokenised bond issue in September: ReportIndia is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settleme...
- Interventions hold rupee on narrow leash, traders await US sanctions on IranThe Indian rupee showed little movement on Monday, remaining steady in a limited range due to ongoing central bank actions. Market particip...
- ED arrests 2 in Rs 30,000 crore pan-India cyber fraud caseThe Enforcement Directorate has made two arrests in Mumbai related to a vast cyber fraud operation, part of a money laundering investigatio...
- India raises $72.8 billion via overseas deposits, loans, central bank saysIndian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians a...
- India's foreign exchange reserves up almost $50 billion since JulyIndia's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantl...
- Rupee dips on week as oil pangs linger, intervention prevents fall past 96/USDThe Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions ...
- Govt reappoints Anand Mahindra to RBI board, names former Isro chief S Somanath as non-official directorAnand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S Somanath also joins the board for ...
- Sabse bada rupaiya: India prints 3x more notes than the US, 6x more than EuropeIndia's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank of India reports 176 billion rupe...
- RBI finds cash demand harder to predict as digital payments growRBI faces challenges forecasting demand for banknotes as currency in circulation continues to grow at double-digit rates despite rising dig...
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