"reserve-bank-of-india"

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.

Purchases in banking and IT stocks contributed to the positive market trend. The 30-share BSE Sensex rose by 123.45 points, or 0.15%, to reach 81,758.26 in early trade. Meanwhile, the NSE increased by 39.65 points, or 0.16%, to 25,052.80.

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.

Incident came to light when two unidentified men duped an Ahmedabad bullion trader using fake notes featuring the Bollywood actor instead of Mahatma Gandhi

Forex traders noted that market participants are awaiting the US Fed's policy announcement on Wednesday, where a rate cut is expected, though its size remains uncertain. They also mentioned that the rupee remains stable within a defined range due to active intervention by the Reserve Bank of India (RBI).

Forex traders noted that the US dollar weakened against major currencies following a softer-than-expected US Producer Price Index (PPI) report, making the Dollar Index susceptible to further correction. In the interbank foreign exchange market, the rupee opened at 83.90 against the dollar, gaining 7 paise from its previous close.

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Sensex sheds 325.97 points to 79,142.04, Nifty dips 99.1 points to 24,198.40

Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price

Reporting within 1 to 3 hours increases chances of recovering lost money

Forex traders expect the USD/INR pair to stay within a narrow range due to balanced dollar demand from foreign investors and oil companies, matched by supply from the Reserve Bank of India (RBI).

Rise in prices of food articles, especially vegetables and manufactured items, fuels increase

Says bank failed to preserve records pertaining to identification of customers and their addresses obtained during course of business relationships in certain accounts

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand.

RBI Governor Shaktikanta Das said on Friday that this will enable customers to automatically replenish the balances in Fastag, NCMC, etc. if the balance goes below the threshold limit set by them. This will enhance convenience in making travel-related payments.

On one hand, there are optimistic projections of economic growth while on the other, there is an undeniable fact of shrinking job opportunities