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The positive momentum was also reflected in the foreign exchange market with the Rupee rallying to an 18-month high against the US Dollar.Business
Foreign exchange reserves scale new high of USD 414.784 billion

As per data issued by RBI, reserves saw a spike of USD 959.1 million during aforementioned time period.

27 Jan 2018 11:21 AM IST

The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)Business
Small finance, payment banks to expand pension scheme outreach

As on January 23, 2018, there are more than 84 lakh subscribers registered under the APY scheme.

27 Jan 2018 10:57 AM IST

DSK developers owe around Rs 200 crore to investors.Metros
Will put you behind bars in no time: Bombay HC to DSK

DSK developers said that they have the money but in USD and so they are waiting approval from the RBI.

26 Jan 2018 6:28 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)Business
Jaitley likely to address Sebi, RBI boards on Feb 10

Finance Ministry to do away with securities transaction tax and abolish dividend tax for growth of capital markets.

22 Jan 2018 9:56 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)Business
Mauritius largest source of FDI in India, says RBI

Ratio of market values of inward to outward direct investment, increased to 4.3 in March 2017 from 3.6 a year ago.

20 Jan 2018 11:46 AM IST

Indias forex reserves have shot up considerably.Business
Forex reserves at new record high of USD 413.825 billion

The country's reserve position with the Fund also increased by USD 9.3 million to USD 2.048 billion.

20 Jan 2018 10:46 AM IST

Rs 10 coins (Photo: PTI)Business
All 14 types of Rs 10 coin valid, legal tender: RBI

RBI has also asked banks to accept coins for transactions and exchange at all their branches.

17 Jan 2018 3:27 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)Business
Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 12:39 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.Business
'Govt may not alter fiscal consolidation targets in budget'

Govt will try to get fiscal deficit number down to 3.4 per cent as against consensus estimate of 3.5 per cent.

15 Jan 2018 4:14 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)Business
Govt to invite fresh applications for RBI deputy governor post

Appointment will be made for a period of three years and the person will be eligible for reappointment.

15 Jan 2018 12:19 PM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (Photo: PTI)Business
High food prices push India's retail inflation to 17-month high of 5.2...

According to Ministry of Statistics, the measure of consumer price inflation, the CPI index, rose 5.21 per cent in Dec...

12 Jan 2018 7:06 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.Business
Indian retail inflation likely hit a 17-month high in December

Wholesale price index likely rose marginally to 4.00 per cent in December from November's 3.93 per cent.

11 Jan 2018 12:56 PM IST

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