Foreign Exchange Reserves Rise, Snap 4-Week Losing Streak
The reserves stood at $560.94 billion in the week to Feb. 24. (File)Mumbai: India’s foreign exchange reserves rose for the first time in five weeks and stood at $562.40 billion…
Balance Sheet Flexibility May Allow RBI To Let Rupee Appreciate: Report
The RBI’s gross forex sales in the first 9 months of fiscal 2023 is at $189 billion. (File)Mumbai: The Reserve Bank of India (RBI) is likely to be comfortable about…
Credit Card Outstanding Reaches All-Time High In January
June had recorded the highest growth of 30.7 per cent. (Representational)New Delhi: The credit card outstanding in January rose 29.6 per cent to reach an all-time high of Rs 1.87…
Uncertainty Lies Ahead, G20 Nations Must Address Debt Distress: RBI Governor
The RBI Governor said G20 is poised for a transformational journey.Bengaluru: RBI Governor Shaktikanta Das today called upon G20 nations to resolutely address the challenges, like threats to financial stability…
RBI Grants In-Principle Approval To 32 Existing Payment Aggregators
PAs are entities that facilitate e-commerce sites to accept payment instruments from customers. (File)Mumbai: The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google…
Banks’ Exposure To Adani Group “Not Very Significant”, Resilience Of Banking System Much Stronger: Reserve Bank
The RBI Governor said that a bank’s lending calls are not done on the market capitalisation of a firm.Mumbai: Domestic banks’ exposure to the Adani Group is “not very significant”,…
Elevated Policy Rate Limits Need For Further Rate Hikes By RBI: S&P
The policy rate now stands at 6.25 per cent. (File)New Delhi: S&P Global Ratings on Tuesday said core inflation in India has been declining sequentially, and an elevated 6.25 per…
Retail Digital Rupee Pilot Set To Launch Today. Read Details Here
The digital rupee would appear as a liability on RBI’s balance sheet.(Representational)New Delhi: The retail digital rupee makes its debut today. As the four banks selected by the Reserve Bank…
Hilarious Jokes And Card Tricks: RBI Deputy Governor On The Lighter Side Of Policymaking
Mr Patra said that humour in monetary policymaking reflects serious concerns about the economy. (File)New Delhi: Reading monetary policy statements is a dreary affair for many. Framing the policy can…
Data Lags, Revisions Make Monetary Policy’s Task Challenging: RBI Deputy Governor
Michael Patra said monetary policy alone cannot influence growth in an economy.(File)Mumbai: Reserve Bank Deputy Governor Michael Patra today said that formulating monetary policy is a challenging task in a…