rbi

Mumbai, March 6 The Reserve Bank of India on Friday issued draft amendment guidelines to strengthen the framework governing customer liability in digital transactions, as it seeks to widen protection for users and speed up the resolution of complaints related to fraudulent electronic banking...

Mumbai, March 6 The Reserve Bank of India (RBI) on Friday said it will conduct an open market operation (OMO) of Rs 1 lakh crore, purchasing government securities in two tranches on March 9 and March 13.Each tranche of the auction will involve Rs 50,000 crore, it said.The OMO purchase...

Mumbai, March 5 The rupee rebounded from its lowest level and closed with a gain of 41 paise at 91.64 against the US dollar on Thursday, driven by buying trends in domestic equity markets and suspected intervention by the RBI.According to forex analysts, the Reserve Bank appears to have...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Mumbai, March 4 The Reserve Bank of India (RBI) announced on Wednesday that it will conduct a switch auction of government securities worth Rs 20,000 crore on March 9.The auction will take place between 10:30 AM and 11:30 AM. The results of the auction will be announced on the same day, and...

Mumbai, March 2 The Government of India bought back government securities (G-secs) worth Rs 13,787.701 crore through the auction conducted by the Reserve Bank of India (RBI), while also issuing bonds worth Rs 13,646.896 crore, according to the release.The securities repurchased by the...

Mumbai, March 2 The Reserve Bank of India (RBI) said on Monday that it processed 99.8 per cent of applications within the prescribed timeline in February 2026, according to official data.The central bank said that it handled a total of 22,765 applications in February, including pending cases...

Mumbai, March 2 The Reserve Bank of India (RBI) said on Monday that 98.44 per cent of the Rs 2,000 banknotes in circulation have been returned.The central bank announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.The total value of Rs 2,000 banknotes...

Mumbai, March 2 The country's foreign exchange reserves, in nominal terms, including valuation effects, increased by USD 19.4 billion during April-December 2025, compared to a depletion of USD 10.7 billion in April-December 2024, according to RBI data.On a balance of payments basis, excluding...

Mumbai, March 2 India's current account deficit (CAD) increased to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter, compared to USD 11.3 billion (1.1 per cent of GDP) in the previous year, mainly due to a larger trade deficit, according to data released by the Reserve Bank of...

Mumbai, March 2 The rupee saw a steep loss of 42 paise to settle at 91.50 (provisional) against the US dollar on Monday after intensified US and Israeli attacks on Iran worldwide increased risk aversion, driving up crude oil prices and increasing demand for the American currency.Massive...

New Delhi, March 2 Fino Payments Bank, whose Managing Director and CEO Rishi Gupta was arrested by the Directorate General of GST Intelligence (DGGI) on Monday, said the bank had not evaded any GST dues and was compliant with all regulations."The DGGI's investigation was related to the program...

New Delhi, March 2 Sebi will prioritize the development of the corporate bond market this year, with plans to introduce credit bond indices and related derivatives in coordination with the RBI, Chairman Tuhin Kanta Pandey said as the regulator seeks to deepen liquidity and broaden investor...

Mumbai, February 27 India's foreign exchange reserves declined by USD 2.119 billion to USD 723.608 billion during the week ending February 20, the RBI said on Friday.In the previous reporting week, the overall reserves had jumped by USD 8.663 billion to a new all-time high of USD 725.727...

Puducherry, February 26 Union Minister Pralhad Joshi said on Thursday that Prime Minister Narendra Modi has brought about a digital revolution in the country.Unveiling the Central Bank Digital Currency (CBDC)-based food subsidy distribution project in Puducherry, he said that this scheme is...

New Delhi, February 25 – The Centre will launch a pilot project based on Central Bank Digital Currency (CBDC) for distributing food subsidies under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in the Union Territory of Puducherry on Thursday, marking a major step towards strengthening...

Mumbai, February 25 The chances of the benchmark interest rate going up are "negligible," despite the build-up of inflationary pressure due to geopolitical tensions, said Saugata Bhattacharya, an external member of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), on Wednesday...

Mumbai, February 23 The rupee gained 5 paise to close at 90.89 against the US dollar on Monday, supported by a sharp fall in global crude oil prices and a weaker dollar, amid renewed global trade-related uncertainties.However, fresh geopolitical concerns due to escalated tensions between the...

New Delhi, February 23 Finance Minister Nirmala Sitharaman said on Monday that it is too early to comment on the tariff changes announced by the United States, and the Commerce Ministry is reviewing the situation.On Friday, the US Supreme Court ruled against the sweeping import tariffs imposed...

New Delhi, Feb 23 – Finance Minister Nirmala Sitharaman on Monday strongly criticized banks for mis-selling financial products, including insurance, to customers, urging them to focus on their core business instead."Banks should concentrate on their core business...My main concern has always...