Tag: Reserve Bank of India
India’s forex reserves hit record high of $729.33 billion after $12.4 billion weekly jump
India’s foreign exchange reserves surged by $12.422 billion to a new all-time high of $729.328 billion during the week ended August 21, marking a sharp…
RBI working to give banknotes in your pocket a longer lease on life
The Reserve Bank of India is exploring ways to extend the life of banknotes, according to the central bank’s monthly bulletin released on Tuesday. RBI…
RBI warns food, fuel costs could reignite broader inflation
The Reserve Bank of India (RBI) Bulletin for August has flagged the risk of broader inflationary pressures, warning that higher food, fuel and other input…
RBI’s great dollar haul: Where are the $73 billion going?
India has pulled off one of the largest and fastest foreign-currency mobilisation exercises ever attempted. In less than 11 weeks, banks and companies have brought…
India gets $72.8 billion in dollar inflows under RBI swap facility
India has received dollar inflows of $72.8 billon under special swap facility foreign currency non resident (bank) FCNR (B), external commercial borrowings (ECBs) and overseas…
India’s forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India’s foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of…
RBI Board reviews global, domestic challenges, economic outlook risks
Chennai: The Central Board of Directors of Reserve Bank of India (RBI) on Friday reviewed global and domestic challenges, including risks to the economic outlook….
India eases rules for rupee export payments, seeks to widen trade settlement
NEW DELHI: India on Thursday eased rules on rupee export payments, putting them on par with foreign-currency earnings for trade-policy benefits, aiming to promote wider…
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Mumbai, Local currencies will play an ever-increasing role in cross-border trade and payments as they lower transaction costs, reduce currency mismatches, and improve settlement efficiency,…
MPC flags possibility of policy tightening
Kolkata: India’s monetary policy makers flagged possibility of policy rate tightening in the third quarter if the higher food and fuel prices lead to second…