Tag: India central bank
Posted in Economy
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi Sankar
MUMBAI: India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank…
Posted in Economy
RBI to tolerate weaker rupee as inflows dry up, sources say
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar…
Posted in Economy
RBI’s gold pile tops $100 billion on surging bullion prices
India‘s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India‘s latest foreign exchange reserves data, buoyed…