The Latest Breaking News from RBI

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

8 years, 8 indicators: How economy fared under Modi government

NEW DELHI: Prime Minister Narendra Modi-led BJP government embarked upon their journey in 2014 to create an India that is self-sufficient in all aspects and where all sections of the society have access to basic amenities.

The Times of India · May 30, 2022

RBI report says 79,669 pieces of fake ₹500 notes detected in FY-22

The total number of Fake Indian Currency Notes (FICNs) of all denominations detected in the banking sector increased to 2,30,971 pieces

The Hindu · May 30, 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

RBI governor Shaktikanta Das says central bank wants to hike rates in next meetings

NEW DELHI: India’s economic leaders are undertaking a coordinated attack on inflation, with fiscal and monetary authorities seeking to slow price increases and blunt the impact of higher costs on consumers.

The Times of India · May 23, 2022

TS name not in list of States to go for OMBs

Finance special chief secretary’s visit to Delhi did not yield the desired results

The Hindu · May 22, 2022