Almost 80,000 Pieces Of Fake Rs 500 Notes Found In 2021-22: RBI
Almost 80,000 fake Rs 500 notes were detected in 2021-22, RBI’s annual report has saidMumbai: The number of fake currency note of Rs 500 denomination detected by the banking system…
Inflation Countervailing Policy When Growth Should’ve Been Priority: RBI
High inflation is forcing countervailing monetary policy action, says the RBIThe persistence of high inflation is forcing countervailing monetary policy action at a time when supporting the economic recovery should…
Global Economy To Suffer Significant Loss, But India Better Placed: RBI
Reserve Bank of India: Indian economy better placed to strengthen recovery, says RBIThe global recovery is expected to suffer a significant loss of momentum in 2022, the Reserve Bank of…
Service Sector Contraction Unprecedented In Indian History: RBI Report
RBI Annual Report: Service sector contraction unprecedented in India’s historyThe Reserve Bank of India has described the contraction in the service sector during 2020-21 as “unprecedented in Independent India’s history”,…
Inflation Remained High During 2020-21 Owing To Covid-Led Disruptions: RBI Report
RBI Annual Report: Pandemic has impacted economic growth outlookThe Reserve Bank of India has noted that India joined the global economy in an unprecedented contraction in 2020-21, dragged down by…