The Latest Breaking News from RBI

Cryptocurrencies threaten financial sovereignty, need to be banned: RBI deputy governor

MUMBAI: Making a strong case for banning cryptocurrencies, Reserve Bank deputy governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

The Times of India · Feb 14, 2022

Cryptocurrencies akin to Ponzi schemes, says RBI Deputy Governor

Last week, RBI Governor Shaktikanta Das also delivered a stark warning against investing in cryptocurrencies

The Hindu · Feb 14, 2022

Retail inflation rises to 7-month high of 6.01% in January

NEW DELHI: Retail inflation based on consumer price index (CPI) accelerated to 6.01 per cent in January, data released by government showed on Monday.

The Times of India · Feb 14, 2022

Consumer confidence shows gradual improvement in January, future expectations turn weak: RBI report

NEW DELHI: Consumer confidence showed gradual improvement in January 2022, but remained in pessimistic zone, survey released by the Reserve Bank of India (RBI) showed on Thursday.

The Times of India · Feb 10, 2022

Warning Indians against cryptocurrencies, RBI chief says tulips have more value

NEW DELHI: A week after budget 2022-23 proposed 30 per cent tax on gains made from cryptocurrency trades, Reserve Bank of India (RBI) governor Shaktikanta Das termed it as a "threat to macroeconomic and financial stability".

The Times of India · Feb 10, 2022

Explained: Why RBI didn't hike rates for 10th time in a row and what it means for you

The Reserve Bank of India left key interest rates unchanged for a tenth straight meeting, retaining an accommodative stance amid the threat of the Omicron variant. It believes India's economic recovery is still incomplete and needs continued policy support.

The Times of India · Feb 10, 2022

RBI projects retail inflation at 4.5% in FY23

MUMBAI: The Reserve Bank of India on Thursday said inflation based on consumer price index (CPI) is expected to come well below its upper tolerance level, at 4.5 per cent, in the next fiscal year beginning April 2022, helped by better fresh crop arrivals, supply-side interventions, as well as prospects…

The Times of India · Feb 10, 2022

RBI keeps repo, reverse repo rates unchanged for 10th time in a row

In the last monetary policy review of the current financial year, the Reserve Bank of India (RBI) on Thursday decided to keep repo and reverse repo rates unchanged.

Dynamite News · Feb 10, 2022

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

NEW DELHI: The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance.

The Times of India · Feb 10, 2022

Artists told to 'modify' paintings in Chennai subway

CHENNAI: An innocuous bid to recreate Chola-era paintings on the sidewalls of RBI subway on Rajaji Salai, as part of 'Singara Chennai 2.0' will now undergo 'modifications' as the Greater Chennai Corporation has asked the artists to not highlight 'Hindu idols' to avoid controversy. About 20% of the artwork has…

The Times of India · Feb 9, 2022