"reserve-bank-of-india"

Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand

In order to raise funds to the tune of Rs. 10,000 crore, the Telangana government has sought an approval from the RBI to mortgage 400 acres of TGIIC lands in Kokapet and Raidurg

Apparently written in the Russian language, the email was sent to the official website of the Central Bank on Thursday afternoon, threatening to blow up the building with explosives

Citing RBI's latest report "Handbook of Statistics on Indian States 2023-24," Harish said the data exposed Congress’s lies and validated the transformative progress achieved during KCR's decade-long governance

In its latest report "Handbook of Statistics on Indian States", the Reserve Bank of India (RBI) has debunked the Congress government's claims of Telangana's Rs.7 lakh crore debt, lending credence to assertions by the BRS.

The CRR has been reduced from 4.5 per cent to 4 per cent. This is the first time since March 2020 that the CRR has been cut

The victory in the zonal round has earned the OMC doctors a spot in the national round of the RBI90 Quiz, scheduled for December 6, 2024, in Mumbai. Teams from PES University, Karnataka, and Mar Ivanois College, Kerala, secured second and third places, respectively, in the zonal competition. The top three teams received prizes of Rs 5 lakh, Rs 4 lakh, and Rs 3 lakh.

"Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted in Apollo Hospital, Chennai for observation,” said an RBI spokesperson

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)

With inflation not expected to return to 4% medium-term target until at least 2026, there are fears that rate cut could be delayed further

With significant increase in cases of cyber fraudsters using ‘mule bank accounts’, to dupe people, the cyber crime officials are now verifying the complicity of bank officials in important cyber fraud crimes.

India's gold reserves reached $65.76 billion as of October 4, up from $21.15 billion on December 7, 2018, according to RBI data. Since Shaktikanta Das took office as RBI Governor in December 2018, foreign exchange reserves have also surged by 78%, rising to $701.18 billion as of October 4, compared to $393.74 billion in December 2018.

Under the BRS government, Telangana achieved a remarkable 15.9% Compound Annual Growth Rate (CAGR) in development expenditure, surpassing the national average by 5.81%

The RBI’s stance suggests a continued focus on price stability, given the current economic climate

The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

Purchases in banking and IT stocks contributed to the positive market trend. The 30-share BSE Sensex rose by 123.45 points, or 0.15%, to reach 81,758.26 in early trade. Meanwhile, the NSE increased by 39.65 points, or 0.16%, to 25,052.80.

Most major central banks have shifted towards rate cuts, with the US Fed recently lowering rates by 50 basis points. Meanwhile, the RBI has kept its accommodative stance. The focus now turns to whether the central bank will transition from this accommodative position to a more neutral approach.

Incident came to light when two unidentified men duped an Ahmedabad bullion trader using fake notes featuring the Bollywood actor instead of Mahatma Gandhi

Forex traders noted that market participants are awaiting the US Fed's policy announcement on Wednesday, where a rate cut is expected, though its size remains uncertain. They also mentioned that the rupee remains stable within a defined range due to active intervention by the Reserve Bank of India (RBI).

Forex traders noted that the US dollar weakened against major currencies following a softer-than-expected US Producer Price Index (PPI) report, making the Dollar Index susceptible to further correction. In the interbank foreign exchange market, the rupee opened at 83.90 against the dollar, gaining 7 paise from its previous close.