Category: Economy
RBI rate hike on expected lines; policy focuses more on inflation despite recent moderation: Bankers
The Reserve Bank’s decision to hike repo rate by 25 basis points was on expected lines but the policy focuses more on inflation despite the…
pakistan: India-Pakistan trade stood at USD 1.35 billion during April-December 2022
The bilateral trade between India and Pakistan has increased to USD 1.35 billion during April-December 2022 as against USD 516.36 million in the whole 2021-22,…
India Inflation: Indian households’ inflation expectations moderating: RBI’s January survey
Indian household’s inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve…
coin vending machine: Feeding of fake notes in coin vending machines led to launch UPI-based alternative: RBI
Mumbai: Getting fake currency notes in coin vending machines led the Reserve Bank to announce the unified payment system-based alternative, Deputy Governor T Rabi Sankar…
digital rupee: Digital currency has 50,000 users, 5,000 merchants: RBI
Mumbai: The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday. “We want the…
RBI expands scope of TReDS platform to allow insurance facility, secondary market ops
The Reserve Bank of India on Wednesday decided to expand the scope of the Trade Receivable Discounting System or the TReDS platform allowing the use…
india trade deficit: India’s external position remains stable with narrowing of merchandise trade deficit, Das says
India’s external position remains stable with narrowing of merchandise trade deficit, higher services exports and more than-expected remittance growth. Reserve Bank of India governor Shaktikanta…
rbi penal charges: RBI to cap penal charges on loans payment missed by borrowers
The Reserve Bank of India (RBI) is set to cap the penal charges levied by the banks and non-banks related to loans payment missed by…
Reserve Bank of India to unveil guidelines on green financing
The Reserve Bank of India is set to unveil guidelines on green financing, including special deposits for green projects as part of its effort to…
rbi repo rate hike: RBI raises repo rate by 25 bps to 6.5%
The Reserve Bank of India (RBI) Wednesday raised policy interest rates by a quarter percentage point, the sixth such climb in a row, and signalled…