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The Latest Breaking News from RBI

Daily Dose Ep 1272: PM hits out at Opposition, BJP MP’s move against Rahul Gandhi

Saeeduzzaman brings you the news from Parliament, Supreme Court, RBI, Turkey, and Syria.

Newslaundry

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

Dynamite News

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Burger King Makes a Big Move in Battle With McDonald's, Wendy's

The fast-food chain has been aggressively trying to regain relevancy in the United States.

The Street

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

Dynamite News

Global Spillovers, Financial Market, General Risks Increased, While Macroeconomic Risks Have Moderated: RBI Survey

The Reserve Bank of India's latest Systemic Risk Survey (SRS) showed that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated. Read on for details:

Dynamite News

Rupee's Outlook Depends Largely On Global Monetary Policy Moves

Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:

Dynamite News

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RBI Monetary Policy Committee Hikes Policy Rate By 35 Bps To 6.25 Per Cent

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

Dynamite News

Delhi HC Seeks RBI Stand On PIL Seeking Uniform Banking Code For Foreign Exchange Transactions

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions. Read on for details:

Dynamite News

RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

Dynamite News

Demonetisation at 6: The idea, the objectives, and the post-event justifications

Six years ago today, India experienced an economic earthquake.

Newslaundry

Digital Rupee: Central Bank Digital Currency Is Going To Be Major Transformation Of The Way Business Is Done, Says RBI Guv

Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Read on for details:

Dynamite News

India Is Testing A Digital Rupee: 9 Lenders Join In For A New CBDC Pilot Project

The Reserve Bank of India (RBI) has launched the Central Bank Digital Currency (CBDC) for the wholesale market as part of its first pilot test program to evaluate and enhance the functionality of the digital rupee.

Benzinga

Business: First Pilot Of Digital Rupee To Commence On Tuesday, Says RBI

The use case for the pilot is settlement of secondary market transactions in government securities, the RBI said in a statement on Monday. Read on for details:

Dynamite News

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Dynamite News

Put Images Of Deities Lakshmi-Ganesha On Currency Notes: Delhi CM Arvind Kejriwal's Appeal To PM For 'Getting Economy On Track'

Delhi Chief Minister Arvind Kejriwal has appealed to Prime Minister Narendra Modi to consider including the images of Goddess Lakshmi and Lord Ganesh on currency notes in India to "improve the economic situation of the country". Read on for details:

The Hindu

Supreme Court asks petitioner to move RBI to control, keep checks on unauthorised online money lending platforms

The court also recorded the petitioner’s prayer that RBI should also intervene to protect the personal data of users.

The Hindu

India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

New Delhi Amid fears of the world slipping into recession, India will perhaps emerge as the stronges

The Hindu

Letters to the Editor — October 6, 2022

RBI and letter

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The Hindu

With the rupee under pressure, what next

Even though a crisis is unlikely because of differences between the external situation then and now, India could still remain vulnerable on many counts

The Hindu

Boxed in: On need for inflation control as top policy priority

As high prices restrain consumption, inflation control must be the top policy priority

The Hindu

Inflation on RBI radar; repo rate hiked

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised the policy repo rate –

Dynamite News

New rules for debit, credit cards begin with tokenisation today,

New Delhi The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens Read more on Dynamite News:

Al Jazeera

India’s central bank hikes interest rates to tame inflation

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

Dynamite News

RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained

Mumbai The Reserve Bank of India (RBI) on Friday hiked repo rate">rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read more on Dynamite News:

The Hindu

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment

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