Rbi

The sharp surge in inflation in India will require front-loading of interest rate increases, two members of the central bank's Monetary Policy Committee (MPC) said in minutes of its May 4 meeting released on Wednesday.

Waiting for the scheduled monetary policy meet in June would have meant losing time and opting for a stronger action, RBI Governor Shaktikanta Das told members of the MPC before they unanimously decided to go for an off-cycle hike in interest rate on May 4.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

The Reserve Bank of India sold a net $20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the US dollar, its monthly bulletin showed on Tuesday.

The Reserve Bank has rejected six applications for setting up banks, including for small finance banks, as these were "not found" suitable, the central bank said on Tuesday.

The rupee recovered from its record intra-day lows after the Reserve Bank of India's intervention in both the spot and the futures markets, limiting further losses.

The rupee reversed from record lows after the Reserve Bank of India intervened in both the spot and the futures markets.

The rupee weakened to a new all-time low of 77.69 against the dollar early on Tuesday, even as the US currency fought for a footing as investors trimmed bets on whether interest rate rises will drive further dollar gains.

The surge in India's inflation is a fallout of the Ukraine war and the RBI may hike rates by 75 basis points by August, said SBI Economists.

Cryptocurrencies can lead to dollarisation of a part of the economy which would be against India’s sovereign interest, top officials of the RBI are said to have warned to a parliamentary panel. Briefing the Parliamentary Standing Committee on Finance, top officials of the RBI pointed out that cryptocurrencies have the potential to be a medium of ...

The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said.

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top RBI officials.

Public sector banks reported over 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022, the Reserve Bank of India has said.

The sharp surge in inflation in India will require front-loading of interest rate increases, two members of the central bank's Monetary Policy Committee (MPC) said in minutes of its May 4 meeting released on Wednesday.

Waiting for the scheduled monetary policy meet in June would have meant losing time and opting for a stronger action, RBI Governor Shaktikanta Das told members of the MPC before they unanimously decided to go for an off-cycle hike in interest rate on May 4.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

The Reserve Bank of India sold a net $20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the US dollar, its monthly bulletin showed on Tuesday.

The Reserve Bank has rejected six applications for setting up banks, including for small finance banks, as these were "not found" suitable, the central bank said on Tuesday.

The rupee recovered from its record intra-day lows after the Reserve Bank of India's intervention in both the spot and the futures markets, limiting further losses.

The rupee reversed from record lows after the Reserve Bank of India intervened in both the spot and the futures markets.

The rupee weakened to a new all-time low of 77.69 against the dollar early on Tuesday, even as the US currency fought for a footing as investors trimmed bets on whether interest rate rises will drive further dollar gains.

The surge in India's inflation is a fallout of the Ukraine war and the RBI may hike rates by 75 basis points by August, said SBI Economists.

Cryptocurrencies can lead to dollarisation of a part of the economy which would be against India’s sovereign interest, top officials of the RBI are said to have warned to a parliamentary panel. Briefing the Parliamentary Standing Committee on Finance, top officials of the RBI pointed out that cryptocurrencies have the potential to be a medium of ...

The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said.

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top RBI officials.

Public sector banks reported over 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022, the Reserve Bank of India has said.