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
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
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