reserve bank of india

MUMBAI: The Reserve Bank of India’s (RBI’s) foreign exchange kitty shrunk by $5 billion to below $590 billion for the week ended June 24. The central bankreported the drop in reserves at a time when it has been actively defending the…

India’s foreign exchange reserves got depleted by $5 billion in the week ended July 1, as foreign portfolio investors continued withdrawing investments from local equities leading to the rupee's slide to below 79 per dollar for the first…

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday asked state governments to find out effective ways to address the issues related to debt and cash management. The governor was addressing the 32nd Conference of the State…

RBI on Thursday said it has cancelled the license of Shri Anand Co-operative Bank, Chinchwad, Pune as the lender does not have adequate capital and cannot pay its present depositors in full. The bank ceases to carry on banking business,…

The (SBI) on Thursday said the Reserve Bank of India (RBI) should internationalise the Indian rupee. In a research report, the said that the central bank should make a conscious effort to internationalise the rupee. "The Russia-Ukraine…

Reserve Bank of India (RBI) on Thursday issued notifications relaxing provisions for overseas investments in debt market and foreign currency lending by banks, measures which were announced as part of efforts to shore up the rupee. The…

The Reserve Bank of India's moves to liberalise foreign exchange inflows are unlikely to offer much immediate support to the floundering rupee as inflation pushes higher and the current account deficit threatens to balloon towards…

Reserve Bank of India (RBI) on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows in efforts to…

The slew of measures announced by Reserve Bank of India (RBI) on Wednesday to enhance foreign exchange inflows should help rupee to outperform its peers in emerging market economies, experts said. RBI said it has been closely and…

The Reserve Bank of India (RBI) Wednesday took the first step to attract dollar inflows amid an unabated outflow of portfolio funds, seeking to salvage the sinking rupee from its lifetime lows against the US currency and conserve a…