The Latest Breaking News from 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:

MUMBAI: India's forex reserves dropped by $3.847 billion to $524.52 billion for the week ended October 21, the RBI said on Friday.

MUMBAI: The fight against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates, an RBI article said.

NEW DELHI: Encouraging India to adopt a services-led export model, former Reserve Bank of India (RBI) governor Raghuram Rajan said that following China's manufacturing-led export path would have been detrimental to world economy.

NEW DELHI: Finance minister Nirmala Sitharamans’s remarks about the rupee’s value vis-a-vis the dollar have sparked off a war of words between the BJP and the Congress. While the Congress has mocked and criticised the minister’s remarks, the BJP has countered it and defended their party leader.

MUMBAI: The Reserve Bank of India's (RBI) monetary policy committee may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday.

MUMBAI: India is expected to be among the fastest growing major economies this fiscal, geopolitical turbulence notwithstanding, RBI governor Shaktikanta Das opined at last month's meeting of the rate setting panel MPC while going with the majority to raise the repo rate by 50 basis points to tame inflation.

MUMBAI: India's foreign exchange reserves rose to $532.87 billion in the week through October 7, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

NEW DELHI: The International Monetary Fund (IMF) has called the deployment of India's direct benefit transfer (DBT) scheme as a 'logistical marvel' which has reached hundreds of millions of people.