Reserve Bank of India

India’s forex reserve touches fresh record high of USD 692.3 billion

India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week…

2 months ago

India’s Digital Public Infrastructure experience provides effective strategy for other central banks: RBI Gov Das

Noting the success of Digital Public Infrastructure (DPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said…

3 months ago

India’s digital public infrastructure is transforming country’s economic landscape: RBI

India's Digital Public Infrastructure (DPI), known as the India Stack, has emerged as a transformative force in the country's economic…

4 months ago

India’s forex reserves hit record USD 666.85 Billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to…

4 months ago

India’s foreign exchange reserves surge to touch fresh peak of USD 657.2 billion

There's no looking back for India's foreign exchange reserves as they yet again touched a fresh lifetime high. In the…

4 months ago

India to create a cross-border retail payment platform with four ASEAN countries

India has joined Project Nexus, a multilateral international initiative that aims to enable instant cross-border retail payments through interlinking payment…

5 months ago

India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the…

5 months ago

RBI revises GDP growth for FY25 to 7.2 pc, inflation target remains at 4.5pc

The RBI has revised the GDP forecast for the current FY 24-25 to 7.2 per cent from 7 per cent…

6 months ago

RBI enhances contingent reserve buffer to 6.5 pc amid positive economic outlook

The Reserve Bank of India (RBI) on Friday announced the enhancement of the Contingent Reserve Buffer from 6 per cent…

6 months ago

RBI Governor Shaktikanta Das unveils monetary policy: Repo rate unchanged at 6.5 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy…

6 months ago

RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Report

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20…

6 months ago

RBI’s Rs 2.11 lakh dividend provides near term support to fiscal performance: Fitch Ratings

The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal…

6 months ago

RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy

While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF,…

7 months ago

RBI Governor seeks better deal for retail customers in forex market

RBI Governor Shaktikanta Das on Monday emphasised the need to give retail customers a fair deal in foreign exchange markets…

8 months ago

RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going…

8 months ago

RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC

With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these…

8 months ago

Monetary tightening measures by RBI stabilised G-sec yields, contributed to investor confidence in Indian economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that measures taken for monetary tightening has stabilised yields of government securities, which…

8 months ago

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade…

8 months ago

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today,…

8 months ago

India, Indonesia central banks sign agreement to promote use of local currencies for bilateral transactions

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for…

9 months ago

Central banks build gold reserves as de-dollarisation drive accelerates

Central banks across the world may continue with the gold buying spree in the coming months. Amid the recent downgrade…

1 year ago