Tag: Reserve Bank of India
FM Sitharaman pushes RBI to sharpen digital rupee as tokenisation takes off
Finance Minister Nirmala Sitharaman on Friday urged the Reserve Bank of India to further advance its wholesale and retail digital rupee pilots as adoption of…
India’s forex reserves surge $44.9 billion to record $785.7 billion, fourth largest globally
Kolkata: India’s foreign-exchange reserves surged a record $44.903 billion in the week to September 4 to $785.706 billion, a new all-time high, making it the…
India’s forex reserves jump $44.90 billion to record $785.71 billion as of September 4
India’s foreign exchange reserves surged by $44.90 billion to a record $785.71 billion in the week ended September 4, according to data released by the…
RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidity
Kolkata: The Reserve Bank of India will hold a 26-day variable rate reverse repo auction on Friday with a target to drain out Rs 5…
Rupee weakens to 95.44 against dollar amid rising import bill and crude oil prices
Kolkata: The rupee weakened by another 0.35% to 95.44 a dollar amid concerns over rising import bill as the Brent crude crossed the $102 a…
India’s central bank withdraws over 6 trillion rupees of bank liquidity after record spike
MUMBAI: The Indian central bank absorbed more than 6 trillion rupees ($63.53 billion) through cash withdrawal operations on Monday, a day after banking liquidity surged…
RBI turns to 30-day VRRR to absorb excess liquidity
Kolkata: The Reserve Bank of India will hold a 30-day variable rate reverse repo (VRRR) auction Monday with a target to suck out Rs 7…
RBI may raise repo rate to 5.75-6% in H2 FY27, rate hike cycle likely from December: UBI
The Reserve Bank of India (RBI) could raise the repo rate to 5.75-6 per cent in the second half of FY27 to contain excess banking…
Centre sees no cost pain for RBI on dollar deluge
New Delhi | Mumbai: The Centre does not expect the Reserve Bank of India (RBI) to face material costs from the unprecedented $127-billion inflows through…
How RBI could tackle a liquidity deluge triggered by dollar deposits
MUMBAI: The Reserve Bank of India‘s special dollar deposit scheme drew a larger-than-expected $127.23 billion, leaving the central bank having to deal with a problem…