"rbi"

The rate cut comes for the first time in nearly five years after the last rate reduction in May 2020

Railway Minister Ashwini Vaishnaw says Mumbai suburban network to get new design trains fitted with better features for passenger comfort and reducing overcrowding

Sitharaman rejects criticism that rupee has seen all-round weakness, says Indian currency least volatile against the US dollar among its Asian and global peers

Tagging Amazon, Nirmala Sitharaman, and RBI, Pawan questions why a simple solution couldn't be implemented where any unused balance could be automatically refunded to the linked bank account

Denial of approvals for fresh borrowings, coupled with poor revenue, also spells doom for other schemes, including Indiramma houses, Indiramma Atmeeya Bharosa and ration cards

The RBI had announced the withdrawal of Rs 2000 notes on May 19, 2023 and the circulation of notes has drastically come down from Rs 3.56 lakh crore to Rs 6,691 crore as of December 31, 2024

Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand

Apparently written in the Russian language, the email was sent to the official website of the Central Bank on Thursday afternoon, threatening to blow up the building with explosives

The summit featured discussions on empowering marginalized communities through self-help groups, the critical role of women-led initiatives, and the importance of balanced credit disbursement to mitigate over-indebtedness.

RBI signals its cautious approach to balance the twin factors of inflation and growth

The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock markets resulting in hot money outflows

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)

As of May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, their total value in circulation was Rs 3.56 lakh crore, with less than 2% of these notes still circulating.

It has been observed that in Telangana and Andhra Pradesh, there appears to be reluctance among traders/small businesses and members of the public to accept Rs.10 coins

Under the BRS government, Telangana achieved a remarkable 15.9% Compound Annual Growth Rate (CAGR) in development expenditure, surpassing the national average by 5.81%

The RBI’s stance suggests a continued focus on price stability, given the current economic climate

The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

Most major central banks have shifted towards rate cuts, with the US Fed recently lowering rates by 50 basis points. Meanwhile, the RBI has kept its accommodative stance. The focus now turns to whether the central bank will transition from this accommodative position to a more neutral approach.

The State debt stands at around Rs.72,500 crore since the Congress came to power, while the market borrowings are at around Rs.32,500 crore in the first two quarters of the current fiscal year.

Forex traders noted that, from a macroeconomic perspective, the rupee's downside seems well-contained, with the 84 level serving as critical support, likely due to anticipated RBI intervention to curb further depreciation. At the interbank foreign exchange market, the rupee opened at 83.94, then weakened slightly to 83.95, marking a 2 paise loss from its previous close.