Tag: rbi

Donald Trump win looming? RBI well-equipped for post-US election volatility, sources say
Posted in Economy

Donald Trump win looming? RBI well-equipped for post-US election volatility, sources say

India’s central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate…

Continue Reading
RBI helps rupee outperform peers in month marred by US election anxiety
Posted in Economy

RBI helps rupee outperform peers in month marred by US election anxiety

The Indian rupee was little changed on Thursday, similar to most of this month during which the central bank’s stranglehold on the currency helped it…

Continue Reading
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016.(Danish Siddiqui/Reuters)
Posted in Business

RBI’s Diwali mission: Secretly get 102 tonnes of gold from England to India

Oct 31, 2024 09:42 AM IST The RBI held 854.73 metric tonnes of gold in both domestic and overseas storage facilities, with 510.46 metric tonnes…

Continue Reading
RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra
Posted in Economy

RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra

In a cautious outlook for the upcoming fiscal year, India Ratings and Research (Ind-Ra) projects a decline in inflation for FY25, yet it emphasizes that…

Continue Reading
RBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll
Posted in Economy

RBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll

India’s central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a…

Continue Reading
RBI report shows India's forex reserves cover stands at 11.2 months of imports
Posted in Economy

RBI report shows India’s forex reserves cover stands at 11.2 months of imports

The Reserve Bank of India (RBI) in its latest report stated that the country’s foreign exchange reserves cover of imports (on balance of payments basis)…

Continue Reading
Inside Image (1).
Posted in Economy

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September, while the…

Continue Reading
RBI ups domestically-held gold by another 102 metric tonnes in Apr-Sep
Posted in Economy

RBI ups domestically-held gold by another 102 metric tonnes in Apr-Sep

The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made…

Continue Reading
The main five days of Diwali include Dhanteras, Choti Diwali, Lakshmi Puja, Govardhan Puja and Bhai Dooj. (Representational Image/Pexels)
Posted in Business

Are banks open or closed on Dhanteras 2024? See details and list of bank holidays for October and November 2024

Oct 29, 2024 08:06 AM IST With Dhanteras, the first day of Diwali being celebrated today on Tuesday, October 29, 2024, the question of whether…

Continue Reading
RBI fixes Rs 300 cr networth criteria for entities applying for central counterparty
Posted in Economy

RBI fixes Rs 300 cr networth criteria for entities applying for central counterparty

Mumbai: The Reserve Bank on Monday said an entity seeking authorisation or recognition as a Central Counterparty (CCP) should have a minimum networth of Rs…

Continue Reading