Mumbai: Indian markets made a rollicking start to the week with the Sensex soaring over 451 points and the rupee surging by 70 paise to nearly two-week high on Monday on robust capital inflows tracki
Mumbai: The Reserve Bank of India (RBI) raised its policy interest rate for the second time in as many months on Tuesday, warning that inflation is likely to remain elevated for the rest of the fisca
Mumbai: Reserve Bank Governor Raghuram Rajan hinted at increasing the key rate at the second quarter monetary policy review on Tuesday, citing urgency to anchor inflationary expectations.
"With the n
Mumbai: The Reserve Bank reduced the marginal standing facility (MSF) rate, at which banks borrow from it, to 9 per cent from 9.5 per cent to improve liquidity in the system.
"It has been decided to
Mumbai: Refusing to give further extension to banks for complying with security norms, the RBI said that banks will have to bear the cost of fraudulent card transaction through point of sales that do
Mumbai: The rupee dropped from a one-week high to end 44 paise lower at 62.51 against the dollar ahead of the current account deficit data release on Monday.
The decline was limited by a sluggish dol
RBI appeals against currency garlands, says poor can also open zero balance account in foreign banks
Mumbai: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank.
"The Reserve Bank of India has appeale
Mumbai: The rupee posted its biggest single-day gain since mid-January 1998 as the Reserve Bank of India's (RBI) latest move to shore up the currency by providing dollars to oil firms directly and th
Mumbai: In a forthright 'last public lecture' before he retires next week, RBI Governor D. Subbarao was on Thursday sharply critical of the government, blaming its 'loose fiscal stance' for the curre