Tag: Reserve Bank of India
Taxation laws amendment bill: Government proposes simplified exemption framework for offshore funds
New Delhi: Finance Minister Nirmala Sitharaman is likely to introduce a bill in Parliament soon to “significantly simplify” the framework governing offshore investment funds by…
$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the Reserve Bank of India (RBI) unveiled a package of measures to attract foreign currency, the numbers are beginning to look extraordinary….
RBI MPC begins today as policymakers weigh inflation, crude risks
New Delhi: The Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) begins its three-day policy meeting on Monday, with market participants widely expecting the…
RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists
Mumbai: The Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged in its August monetary policy review on elevated inflation…
RBI’s FCNR, forex schemes draw $40.81 billion in inflows so far
MUMBAI: Steps by India’s central bank to draw more capital flows into the country and support the rupee have brought in $40.81 billion, according to…
India’s forex reserves rise by $6.1 billion to $682.35 billion as of July 24
India’s foreign exchange reserves increased by $6.1 billion to $682.35 billion in the week ended July 24, according to data released by the Reserve Bank…
RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks
The Reserve Bank of India (RBI) on Thursday issued 10 amendment directions revising its Basel Pillar 3 disclosure framework for commercial banks, small finance banks…
RBI to hold rates through 2026 as growth risks outweigh inflation: Poll of economists
Bengaluru: The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according…
External sectors steady despite geopolitical uncertainties: RBI
Mumbai: India’s external sector remains steady, with an improving outlook aided by foreign investment inflows despite global uncertainties, the Reserve Bank of India (RBI) said…
RBI likely used dollar deposit surge to cut record FX forward book, economists say
MUMBAI: The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its…