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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.Business
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)Business
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.Business
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.Business
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.Business
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.Business
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

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.Business
RBI maintains status quo; keeps repo rate unchanged at 6 per cent

The Reserve Bank of India on Thursday kept the key policy rate unchanged.

5 April 2018 3:09 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.Business
RBI keeps key policy rate unchanged at 6 per cent

Growth has been recovering and output gap is closing.

5 April 2018 2:45 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.Business
State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

5 April 2018 12:23 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.Business
Services sector back on growth track, job-creation at 7-yr high

Indian services sector activity returned to its growth track in March.

5 April 2018 12:01 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.Business
Sensex surges 400 pts ahead of RBI policy, Nifty gains 124 points

The market breadth remained strong.

5 April 2018 10:20 AM IST

The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)India
Nepal to return Rs 950 cr in demonetised cash to improve ties with...

Nepal and India have yet to agree on how to exchange the old Indian bank notes held by individuals and informal sectors.

4 April 2018 8:43 PM IST

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