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The CBI on Friday questioned a former Deputy Governor of the Reserve Bank, H R Khan, in connection with alleged bank fraud cases involving diamond traders Nirav Modi and Mehul Choksi and relaxation of gold import policy by the erstwhile UPA government, sources said on Friday.

PNB fraud case: CBI quizzes ex-deputy governor of RBI

The officials said he was questioned about the UPA government's 20:80 gold import scheme.

6 April 2018 6:46 PM IST

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

FICCI recommends RBI to 'find space for rate cut'

FICCI has said the former must find space for a rate cut in the coming quarters.

6 April 2018 5:43 PM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

RBI to review feasibility of introducing digital currency

Virtual currencies raise concerns of consumer protection, market integrity and money laundering.

6 April 2018 3:48 PM IST

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

RBI sets rupee reference rate at 64.9884 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar and 79.5133...

6 April 2018 2:02 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI directs payment operators to keep data within India

RBI said, will be given six months to make the necessary transition.

6 April 2018 11:53 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex gives 577-pt salute to RBI

Bank stocks, which went out of favour in recent months due to a spate of scams and asset quality issues stole the...

6 April 2018 4:51 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI rates unchanged, lower inflation forecast

MSP announced in the budget and the possible fiscal slippages at the level of both centre and states.

6 April 2018 4:43 AM IST

RBI governor Urjit Patel and deputy governors in Mumbai. (Photo: PTI)

RBI explores India's digicoin, banks told to reject bitcoins

Digital currency may save on printing, distribution costs of notes.

6 April 2018 2:49 AM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

RBI cracks down on digital currencies; plans own cryptocurrency

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.

5 April 2018 6:21 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

5 April 2018 5:49 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex vaults 577 pts as RBI holds rate, lowers inflation forecast

The reverse repo rate, at which it borrows from banks and absorbs excess liquidity, will remain at 5.75 per cent.

5 April 2018 4:37 PM IST

The Reserve Bank on Thursday lowered retail inflation target for the first half of current fiscal to 4.7-5.1 per cent on sharp moderation in food price rise and likelihood of a normal monsoon.

RBI lowers inflation target for first half of FY19 to 4.7-5.1 pc

RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

5 April 2018 3:35 PM IST