The Latest Breaking News from RBI

House price index rises 1.8% in Q4 of FY22: RBI data

MUMBAI: The All India House Price Index (HPI) rose 1.8 per cent in the fourth quarter of FY22 on an annual basis, according to data released by the Reserve Bank of India.

The Times of India · May 31, 2022

India finalising consultation paper on crypto currencies: DEA secretary

NEW DELHI: The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, economic affairs secretary Ajay Seth said on Monday.

The Times of India · May 30, 2022

RBI report says 79,669 pieces of fake Rs 500 notes detected in FY22

MUMBAI: The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in the fiscal 2021-22 over the previous year, according to the RBI annual report.

The Times of India · May 30, 2022

Wholesale prices to fuel consumer inflation, says RBI

MUMBAI: The Reserve Bank of India (RBI) has warned of more inflation as an increase in wholesale prices gets passed on to consumers with a lag.

The Times of India · May 27, 2022

Banks need to support growth, remain watchful of slippages: RBI report

MUMBAI: The Reserve Bank on Friday said banks would need to support growth while being watchful of the credit behaviour of entities whose loans were restructured during the pandemic period to arrest slippages.

The Times of India · May 27, 2022

Forex reserves rise $4.23 billion to $597.51 billion: RBI

MUMBAI: India's forex reserves increased by $4.23 billion to $597.509 billion for the week ended May 20 on the back of a high accretion of core currency assets, according to RBI data.

The Times of India · May 27, 2022

Coinbase's 'Audacious' India Strategy Deemed A Mistake By Crypto Experts

From suggesting a legal move against RBI in a tweet to calling out the government's "

Benzinga · May 27, 2022

Why India's Crypto Lobby Won't Legally Challenge Central Bank's Curbs On UPI

Internet & Mobile Association of India (IMAI), a body representing the interests of Indian crypto investors, said that it has no plans to file a legal challenge against the Indian central bank after it restricted the use of UPI for crypto exchanges.

Benzinga · May 26, 2022

RBI issues norms for import of gold by qualified jewellers

MUMBAI: The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers in India.

The Times of India · May 25, 2022

Credit card spending online nearly Rs 30,000 crore higher than swipes in March: RBI data

NEW DELHI: Credit card spending online was nearly Rs 30,000 crore more than the spending done through swipes at points of sale in March, indicating an increased preference among people for e-commerce purchases.

The Times of India · May 24, 2022