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Mumbai: The Reserve Bank said the first pilot of the Central Bank Digital Currency — Digital Rupee (Wholesale segment) will be launched on Tuesday for transactions in government securities. The use case for the pilot is settlement of secondary market transactions in government securities, the RBI said in a statement on Monday. Nine banks — […]

The monetary policy framework, which came into effect about six years ago, mandates the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.

Various factors such as inflation, interest rates, quantum of public debt and current account deficit influence the dollar-rupee exchange rate to a great extent.

The buzzword of the day is ‘CBDC’ or Central Bank Digital Currency (e-rupee) as indicated by the Reserve Bank of India (RBI) in a recent concept paper.

Yet another international agency has now lowered India’s economic growth forecast. Contrary to the NDA government’s proud proclamations that the country would witness a high growth trajectory, one international organisation after the other has been downgrading India’s growth estimates. The latest to join the chorus is the International Monetary Fund (IMF) which has downgraded the […]

The price rise has been sharper in rural India. National Statistics Office showed consumer price index-based inflation (CPI) in rural India surged to 7.56 per cent in September while for urban India it stood at 7.27 per cent.

New Delhi: The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision and also keep the files ready in connection with Centre’s letter to the RBI, the decision of the RBI Board, and the demonetisation announcement. During the hearing, a five-judge bench, headed by Justice […]

Though the RBI has been mopping up liquidity, it reversed its strategy to pump liquidity into the system through overnight variable repo auctions.

The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports are a crucial component.

On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1.

The CAD will "modestly widen" in the first half of the fiscal year and narrow in the second half, Patra told reporters in the customary post-policy press conference.

Forex traders said the rupee gained as the dollar retreated from its elevated levels. However, the local unit is likely to remain volatile amid the announcement of the Reserve Bank of India (RBI) monetary policy decision.

Net State Value Added (NSVA) by economic activity from agriculture witnessed a cent per cent rise during 2017-2021.

Risks to the inflation outlook are skewed to the upside due to uncertainty around food inflation trajectory (sowing for rice, pulses is lower YoY), changes in global commodity prices and possibility of imported inflation if exchange rate weakens amid dollar strength, the report added.

RBI has already announced that it will pilot Central bank digital currency, the digital equivalent to the rupee, this year, read here to know what it means.

The rupee appreciated 7 paise to 79.84 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities.

The RBI has also issued Master Directions for classification and reporting of frauds by commercial banks and select financial institutions.

Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]

Hyderabad: India’s GDP has to grow at nine per cent for the next five years till 2028-29 to be a five trillion dollar economy (about Rs 400 lakh crore), said Dr D Subbarao, Former RBI Governor. Speaking at India @75- Marching Towards $5 Trillion Economy on the occasion of 75 years of Indian Independence celebrations […]

Mumbai: The benchmark indices rose during the afternoon trade on Friday, after falling marginally the previous day as 50 basis points rate hike by the Reserve Bank of India (RBI) was in line with the market expectations and inflows from foreign investors. By 1 p.m., Sensex was trading up 175.73 points or 0.30 per cent at […]