Reserve Bank of India
Onion prices are ruling high since September and were in the range of Rs 130-140 a kilogram in Delhi on Friday.
High onion prices figured prominently in RBI MPC meeting, minutes show
19 Dec 2019 7:38 PM

The six-member MPC had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation.

RBI Governor Shaktikanta Das hoped for the US-China truce on trade tariffs, announced over the weekend, would last as he pitched for coordinated efforts to push global growth like those after the 2008 financial crisis. (Photo: File)
RBI saw slowdown, acted ahead of time by cutting interest rates from Feb: Das
16 Dec 2019 11:50 AM

?In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.
Forex reserves soar to touch all-time high of USD 453 billion
14 Dec 2019 11:07 AM

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.

Shaktikanta Das
RBI rubs it in, says no respite from price rise
06 Dec 2019 1:52 AM

Shaktikanta Das says vegetable prices should soften by early February 2020.

The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to be done by the sovereign, said RBI governor Shaktikanta Das. (Photo: File)
No way privately-issued digital currencies can be allowed: RBI Gov Das
05 Dec 2019 5:46 PM

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.

Reserve Bank governor Shaktikanta Das pointed towards a line in the monetary policy committee resolution, which makes it "explicitly" clear that there is a scope for further rate cuts. (Photo: File)
We can't keep on slashing policy rates every time: Shaktikanta Das
05 Dec 2019 1:32 PM

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture, the RBI said in its fifth bi-monthly monetary policy for this fiscal.
Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent
05 Dec 2019 12:09 PM

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

Notwithstanding the upturn, the headline figure remained below its long-run average of 54.2, the survey added. (Photo: Representational)
Services output expands for first time in 3 months: PMI
04 Dec 2019 11:31 AM

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

"Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh," the circular said.
RBI raises limit for borrowing from microfinance institutions
08 Nov 2019 8:26 PM

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

This rapid growth in the payment systems, inter-alia, has been facilitated by a series of measures taken by the Reserve Bank of India," the central bank said in a statement on furthering digital payments. (Representational image)
No levying of charges on NEFT payment from January: RBI to banks
08 Nov 2019 5:25 PM

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.


1 of 12