RBI keeps repo rate unchanged in 3rd straight policy meet
Mumbai: In its three-day money-related approach, the Reserve Bank of India’s board of trustees collectively chose to keep the repo … Read more
Tag: RBI
RBI: Return of Rs.2000 currency notes by Sept 30
Shaktikanta Das, the Governor of the Reserve Bank of India( RBI), stated on Monday that maturity of the ₹ 2,000 … Read more
RBI Moves to Withdraw 2000 Rs Notes from Circulation
The RBI has recently issued an advisory to banks, to stop issuing 2000 Rs Notes, as it moves to take … Read more
RBI set to climb repo rate to 7-yr high of 6.75% in April
Mumbai: The RBI’s key strategy rate is set to hit a seven-year high one week from now from an unequaled … Read more
RBI releases Monetary Policy Committee schedule for FY24
Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during a news conference at the Group of 20 … Read more
RBI to raise rates once more on April 6 but leave the door open for more: Poll
Inflation in Asia’s third-greatest economy stays over the central bank’s upper opposition limit of 6.00%, showing up at 6.52% in … Read more
RBI has permitted banks from 18 nations to exchange rupee: government in Rajya Sabha
Bhagwat Kishanrao Karad informed that according to records, the RBI has allowed endorsement to homegrown and unfamiliar Promotion Banks in … Read more
RBI launches QR code-based coin vending machine
To improve the distribution of coins among members of the public, The reserve Bank of India (RBI) is preparing a … Read more
No Impact On Indian Banking System By “Cases Like This”, RBI Governor On Adani’s Case : Mumbai
No Impact On Indian Banking System By “Cases Like This”, RBI Governor On Adani’s Case : Mumbai
DIGITAL RUPEE ON PILOT PROJECT
Initially four banks — State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank — in four cities — Mumbai, New Delhi, Bengaluru and Bhubaneswar — will issue digital tokens in the same denominations as paper currency, which can be used to make and receive payments.
Where is money printed in India?
Money is anything used as a medium of exchange in the form of paper money and coins. In today’s world, … Read more
RBI Governor Shaktikanta Das warns of south Asian debt distress
According to central bank governor Shaktikanta Das, the Reserve Bank of India (RBI) and the Union government are in talks with some South Asian nations to facilitate cross-border trading in rupees. The governor of India’s central bank voiced concern about the rising levels of debt distress among his country’s trading partners in the area and said he was aware of potential threats a global slowdown posed to his nation’s economy.
Demonetisation: A necessary action through unnecessary executive power
Demonetisation is the governmental action that divests a currency unit of its status as legal tender. It was an executive decision to demonetise Rs 500 and Rs 1000 banknotes through a gazette notification issued on November 8th, 2016. Those with these notes had to deposit them in the bank and get the new legal notes issued by the Central Bank.