Reserve Bank of India

RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy

While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF,…

5 days ago

RBI Governor seeks better deal for retail customers in forex market

RBI Governor Shaktikanta Das on Monday emphasised the need to give retail customers a fair deal in foreign exchange markets…

3 weeks ago

RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going…

3 weeks ago

RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC

With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these…

3 weeks ago

Monetary tightening measures by RBI stabilised G-sec yields, contributed to investor confidence in Indian economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that measures taken for monetary tightening has stabilised yields of government securities, which…

4 weeks ago

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade…

4 weeks ago

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today,…

4 weeks ago

India, Indonesia central banks sign agreement to promote use of local currencies for bilateral transactions

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for…

2 months ago

Central banks build gold reserves as de-dollarisation drive accelerates

Central banks across the world may continue with the gold buying spree in the coming months. Amid the recent downgrade…

9 months ago

Can Indian rupee beat Chinese yuan as a more accepted currency in the world?

The Reserve Bank of India (RBI), which has given its nod to 18 countries for opening of Special Vostro Rupee…

10 months ago

India grows at 7.2% in 2022-23. Here’s what experts have to say

According to data released by the National Statistical Office (NSO) on Wednesday, India's economy grew 6.1 per cent in January-March…

11 months ago

Beating expectations India grows at 7.2% in 2022-23, records higher growth rate than China for 2 consecutive years

India’s economy grew at 7.2 per cent in 2022-23 driven by an expansion in the services sector and investments. Beating…

11 months ago

Exchange of Rs. 2000 notes is nodal step in India’s war on fake currency

There was no panic, no serpentine queues or jostling in front of bank branches as the exercise to exchange Rs…

11 months ago

India steps up vigil as Pakistan may pump in fake currency across border ahead of polls

Amid the ongoing political and economic crises in Pakistan, there are fears that there could be a further spike in…

11 months ago

De-dollarisation, Russian sanctions drive gold rush among Central Banks

Driven by rising geoeconomic uncertainties, the Reserve Bank of India (RBI) along with other central banks have embarked on a…

12 months ago

India may not be severely impacted even if US defaults, RBI closely monitoring situation

The Reserve Bank of India (RBI) is closely monitoring the developments in the US, which could default in about a…

12 months ago

India’s growth momentum is intact despite global challenges

The Economic Advisory Council to the Prime Minister (EAC-PM) is hopeful that India’s growth rate will be closer to 6.5…

1 year ago

Washington’s concerns grow as Indian rupee, yuan accelerate de-dollarisation

The hurriedly imposed sanctions by the US on Russia last year are now pinching the US. The move prompted countries…

1 year ago

With inflation easing, should RBI now focus on India’s growth story?

With retail inflation finally slipping below the Reserve Bank of India’s threshold of 6 per cent to 5.66 per cent…

1 year ago

Not just India, Nirmala becomes flag-bearer for Global South during IMF talks in Washington

With rising debt burden hitting the Global South hard, Finance Minister Nirmala Sitharaman, who is in the US to attend…

1 year ago

RBI pauses hike in key policy rate bringing cheer to industry

The Reserve Bank of India’s (RBI) surprise move to keep interest rates unchanged at 6.5 per cent has brought cheer…

1 year ago