Reserve Bank of India

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…

10 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

Can Indian rupee beat Chinese yuan as a more accepted currency in the world?

The Reserve Bank of India (RBI), which has given its nod to 18 countries for opening of Special Vostro Rupee…

1 year ago

India grows at 7.2% in 2022-23. Here’s what experts have to say

According to data released by the National Statistical Office (NSO) on Wednesday, India's economy grew 6.1 per cent in January-March…

2 years ago

Beating expectations India grows at 7.2% in 2022-23, records higher growth rate than China for 2 consecutive years

India’s economy grew at 7.2 per cent in 2022-23 driven by an expansion in the services sector and investments. Beating…

2 years ago

Exchange of Rs. 2000 notes is nodal step in India’s war on fake currency

There was no panic, no serpentine queues or jostling in front of bank branches as the exercise to exchange Rs…

2 years ago

India steps up vigil as Pakistan may pump in fake currency across border ahead of polls

Amid the ongoing political and economic crises in Pakistan, there are fears that there could be a further spike in…

2 years ago

De-dollarisation, Russian sanctions drive gold rush among Central Banks

Driven by rising geoeconomic uncertainties, the Reserve Bank of India (RBI) along with other central banks have embarked on a…

2 years ago

India may not be severely impacted even if US defaults, RBI closely monitoring situation

The Reserve Bank of India (RBI) is closely monitoring the developments in the US, which could default in about a…

2 years ago

India’s growth momentum is intact despite global challenges

The Economic Advisory Council to the Prime Minister (EAC-PM) is hopeful that India’s growth rate will be closer to 6.5…

2 years ago

Washington’s concerns grow as Indian rupee, yuan accelerate de-dollarisation

The hurriedly imposed sanctions by the US on Russia last year are now pinching the US. The move prompted countries…

2 years ago

With inflation easing, should RBI now focus on India’s growth story?

With retail inflation finally slipping below the Reserve Bank of India’s threshold of 6 per cent to 5.66 per cent…

2 years ago

Not just India, Nirmala becomes flag-bearer for Global South during IMF talks in Washington

With rising debt burden hitting the Global South hard, Finance Minister Nirmala Sitharaman, who is in the US to attend…

2 years ago

RBI pauses hike in key policy rate bringing cheer to industry

The Reserve Bank of India’s (RBI) surprise move to keep interest rates unchanged at 6.5 per cent has brought cheer…

2 years ago

Will UAE resolve the rupee-ruble payments problem as India-Russia trade zooms?

Will India and Russia take the UAE route to give wings to the rupee-ruble payment mechanism? According to a report…

2 years ago

RBI chief Shaktikanta Das wins Governor of the Year honour

Shaktikanta Das, Governor, Reserve Bank of India (RBI) Das has been named the ‘Governor of the Year’ by Central Banking…

2 years ago

Team India reposes confidence in RBI amid US banking turmoil

The Reserve Bank of India (RBI) is closely monitoring the brewing banking crisis in the US after the collapse of…

2 years ago

India’s economy clocks 4.4% growth in Oct-Dec, expected to touch 7% for full year

India's economy grew at 4.4 per cent per cent for the October-December quarter of the current financial year, according to…

2 years ago

RBI gives nod to 32 more firms to operate as payment aggregators

The Reserve Bank of India (RBI) has granted in-principle approval to 32 payment aggregators which include Amazon Pay, Google India…

2 years ago

India’s WPI inflation falls to 4.73%, lowest in 23 months

India’s annual inflation rate based on wholesale price index (WPI) fell to 4.73 per cent in January – lowest in…

2 years ago

India’s food inflation amongst lowest in the world

Amid the rising global challenges impacting the food sector the most, India’s food inflation in December fell to 4.19 per…

2 years ago