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The Latest Breaking News from Reserve Bank of India

Coming soon: QR Code based coin vending machine at railway stations, malls, markets across 12 cities in India

To improve the distribution of coins among the public, the Reserve Bank of India is preparing a pilot project on QR Code based Coin Vending Machine (QCVM) in collaboration with a few leading banks of India.

The Times of India

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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According to the RBI governor, it would take seven to eight months for earlier rate hikes to impact inflation. "In an easing situation, infusion of liquidity is faster, but in a tightening situation, it takes longer" he said.

The Times of India

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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

India's 'untouchable' women face discrimination even in schemes meant to help them

Seema and her husband did quite well when they first opened a samosa stall in the local market of a town in Bihar state, northeastern India.

The Conversation

Missed inflation target, digital currency pilot mark RBI's 2022 map; growth vector to dominate ahead

MUMBAI: The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank.

The Times of India

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Next financial crisis will come from private cryptocurrencies: RBI chief Shaktikanta Das

NEW DELHI: Reserve Bank of India (RBI) chief Shaktikanta Das has once again warned about investment in cryptocurrencies.

The Times of India

'We will be lucky if we get 5% growth next year,' says ex-RBI governor Raghuram Rajan

NEW DELHI: Former governor of Reserve Bank of India (RBI) Raghuram Rajan has said he believes the country will be lucky if it achieves 5 per cent growth next year.

The Times of India

From Raghuram Rajan to Riya Sen, top personalities grace Bharat Jodo Yatra

The Bharat Jodo Yatra, which started from Kanyakumari in Tamil Nadu on September 7, is passing through Rajasthan. The yatra completes 100 days on Friday.

The Times of India

US inflation cools in November: How it may impact Indian stock markets

NEW DELHI: After months of record high consumer prices, inflation pressure seems to be easing in certain major economies of the world.

The Times of India

Why no criminal case against businessman in loan frauds, asks Supreme Court

NEW DELHI: The Supreme Court on Wednesday sought responses from the Union government and the Reserve Bank of India on why criminal cases are not being filed against industrialists and corporate houses who have been found to have indulged in bank frauds and defaulted in repaying loans worth crores of…

The Times of India

‘Worst of inflation over’: RBI moderates rate hike to 35bps

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Wednesday increased key interest rates by 35 basis points, taking the total increase in rates since May to 225 basis points.

The Times of India

SC reserves verdict on demonetisation pleas, directs Centre, RBI to place related records

NEW DELHI: The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to place before it in a sealed cover the relevant records pertaining to the government's 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination for its perusal.

The Times of India

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The Times of India

Consumer confidence recovers in November; future index remains steady: RBI report

NEW DELHI: Consumer confidence continued on its recovery path in November but remained in pessimistic zone, a survey released by Reserve Bank of India (RBI) showed on Wednesday.

Dynamite News

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:

The Times of India

‘Not thoughtless’: In SC, RBI backs government on demonetisation

NEW DELHI: Backing the Centre’s 2016 demonetisation decision, the Reserve Bank of India on Tuesday told the Supreme Court that it was not a “thoughtless” process as contended by petitioners who are challenging the decision and submitted that the court should refrain from scrutinising it for it was an economic…

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:

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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:

The Times of India

Global economy must start bracing for low inflation, says Raghuram Rajan

The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, said Raghuram Rajan, a former governor of Reserve Bank of India (RBI).

Dynamite News

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:

The Times of India

Raghuram Rajan explains why India should not follow China's economic model

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.

The Times of India

India's forex reserves rise for the first time in over 2 months

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.

The Times of India

Forex reserves decline to over 2-year low of $532.66 billion

MUMBAI: India's foreign exchange reserves fell to $532.66 billion in the week through September 30, their lowest level since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

The Times of India

Yes Bank gets RBI nod for appointment of Prashant Kumar as MD and CEO

NEW DELHI: The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022.

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