Tag: Reserve Bank of India
RBI steps in with a rescue as rupee weakens to record low of 92/dollar| Business News
The Reserve Bank of India is likely to have sold dollars before the local spot market opened on Thursday to support the rupee, three traders…
RBI’s ‘core company’ tag puts many promoter entities in a quandary
Mumbai: Many corporate groups are caught in a bind over a Reserve Bank of India (RBI) rule on their holding and strategic investment companies. While…
RBI to slash rates by 0.25 pc next week in this cycle’s last cut: Report
The Reserve Bank will opt for another 0.25 per cent decrease in key repo rate in its next monetary policy review on February 6, in…
Govt plans hybrid ATMs to dispense small notes amid UPI overdrive| Business News
The government is exploring multiple ways to push more small-denomination currency notes into circulation, at a time when UPI is increasingly making digital payments ubiquitous…
Banks seek more talks on ECL norms for crop loans
New Delhi: Banks want more deliberations on the expected credit loss (ECL) framework applicable to crop loans. Lenders have argued that the Stage 2 classification…
States’ consolidated fiscal deficit widens 0.3 pc to 3.3 per cent in FY25: RBI
Mumbai: States’ consolidated fiscal deficit has widened to 3.3 per cent of GDP in FY25 after remaining at 3 per cent for the three previous…
India offloads US bonds, piles up gold in pivot away from dollar assets| Business News
The Reserve Bank of India’s holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US…
India to remain fastest-growing major economy despite global tensions: RBI
Kolkata: The current state of the Indian economy along with the high-frequency indicators provides ground for optimism even as the escalation of geopolitical tensions could…
RBI likely to keep interest rates steady as inflation edges up, Crisil says
New Delhi: The Reserve Bank of India is expected to keep key policy rates unchanged at its upcoming monetary policy review meeting, slated during February…
RBI proposes to link BRICS digital currencies to reduce reliance on US dollar: Report| Business News
The Reserve Bank of India has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources…