Showing results for "#RBI"
India’s forex reserves drop by $6 bn to $593.48 bn
In the previous reporting week, the overall reserves had increased by $3.5 billion to take the overall quantum just shy of $600 billion.
India's forex reserves rise USD 7.2 bln to USD 596 bln
In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion. Much of the decline can be attributed to a...
RBI imposes Rs 2.92 cr penalty on Canara Bank
The public sector lender, the RBI said, opened several savings deposit accounts in the name of ineligible entities, registered dummy mobile numbers in...
RBI imposes Rs 1.73 crore penalty on HSBC
The Statutory Inspection for Supervisory Evaluation (lSE) of the bank was conducted by the RBI with reference to its financial position as of March...
'India managed food inflation well in difficult global conditions'
India's retail inflation was above RBI's 6 per cent target for three consecutive quarters and managed to fall back to the RBI's comfort zone only in...
India's gold demand likely to be muted in 2023: World Gold Council
Futures prices of domestic gold rose to around 61,500 rupees (USD 752.49) per 10 grams. It is up nearly 12 per cent so far in 2023.
Demonetisation behind buoyancy in tax collections: RBI MPC member
Noting that demonetisation had short-term costs but some long-term benefits, Goyal said it enhanced digitisation and formalization in the economy and...
'RBI likely to raise rates again in June due to surging inflation'
India's retail inflation accelerated to an eight-year high in April, remaining above the central bank's tolerance limit for a fourth month in a row,...
