RBI

Vegetable price spike pushes July retail inflation up to 7.44% The inflation print had last breached the 7 per cent mark in September 2022 and the previous high for the headline retail inflation rate was recorded at 7.79 per cent in April…

UPI payments without internet? RBI to introduce conversational, offline payments via UPI soon The RBI Governor Shaktikanta Das has proposed to facilitate offline transaction using Near Field Communication (NFC) technology. SUMMARY…

Monetary policy: Why is RBI likely to maintain status quo? While there’re concerns over higher consumer price index (CPI) inflation, driven by an increase in prices of vegetables and pulses, the central bank may continue with its policy…

India's Forex Reserves Jump $2.35 Billion To $596 Billion: RBI According to the RBI, for the week ended June 16, the foreign currency assets, a major component of the reserves, increased by $2.578 billion to $527.651 billion. India's…

India's CAD declines to 2.2% of GDP in Q3 on narrowing trade deficit Synopsis India's current account deficit declined to US$ 18.2 billion, or 2.2 per cent of GDP, in the third quarter of the ongoing fiscal on account of the narrowing…

RBI annual report: Indian economy likely to grow at 6.5% as inflation cools off Slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global…

RBI looking at business models of banks more closely: Shaktikanta Das Deficiencies in a bank's business model can spark a crisis in due course, says RBI governor. Indian banks will be able to comply with the minimum capital requirements…

RBI monitoring banks' business models more closely, says governor Shaktikanta Das Synopsis The recent stress tests have revealed that the Indian banks are efficient and will be able to maintain capital adequacy above minimum requirement…

RBI imposes penalty of Rs 3.06 crore on Amazon Pay (India) for violation of norms The fine has been imposed on Amazon Pay (India) for non-compliance with PPI regulations, says RBI The Reserve Bank of India (RBI) on Friday has imposed…

India's forex reserves rise for third straight week, hits 6-month high SYNOPSIS India's forex reserves have risen for the third straight week; it has hit the 6-month high at $573.73 billion India's foreign exchange reserves rose above…