USD/INR Extends Recovery as US Dollar Strength and Geopolitical Concerns Propel the Pair
Date: June 5, 2023 Place: New Delhi, India In today’s European session, the USD/INR pair continues its upward trajectory, reaching…
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RBI Contemplates $18 Billion Bond Purchase to Boost Cash Reserves
Date- May 27, 2023 ICICI Bank, the second-largest private lender in India by market value, has suggested that the Reserve…
Government’s Initiatives to Boost Forex Reserves
May 20, 2023 India’s forex reserves are considered a vital indicator of economic stability and play a crucial role in…
RBI Monetary Policy: Shaping Currency Markets through Policy Announcements
Mumbai, May 18, 2023 – The Reserve Bank of India (RBI) has long been recognized as a key player in…
Rupee rises 18 paise to 81.93 against US dollar in early trade
In early trade on Thursday, the rupee strengthened 18 paise to 81.93 against the US dollar, following the American currency’s…
Forex kitty rises $5.98 billion to $578.78 billion
MUMBAI: The Reserve Bank of India reported on Friday that India’s foreign exchange reserves increased by $5.977 billion to $578.778…
Cash use decline as UPI to drive India’s e-com market to reach $150 bn in 2026
In NEW DELHI: According to a survey released on Thursday, as cash transactions continue to drop, the universal payments interface…
RBI issues annual closing advisory, asks agency banks to keep branches open
The Central Bank of India stated on Tuesday that all agency banks shall open their authorised branches for over-the-counter transactions…
No record of MPC meet on inflation target miss: RBI
In response to a Right to Information (RTI) request, the Reserve Bank of India (RBI) stated that it had no…
FD interest rate: This bank is giving up to 9% return on fixed deposits.
Fixed deposit (FD) interest rate: In FY23, bank FD interest rates increased from roughly 5.5% to an average of 7%….