[ad_1] During 2022-23, India recorded a growth of 7.2 per cent. Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, … Read more
[ad_1] RBI says tomato price volatility gets transmitted to prices of other vegetables in both retail and wholesale markets. RBI in its Bulletin July 2023 says episodes of high tomato prices are short-lived; they stay above Rs 40 for an average duration of 2.6 fortnights, whereas remain below Rs 20 for 10 fortnights Even as … Read more
[ad_1] MUMBAI: Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday.“Monetary policy has to stay the course on the arduous last leg … Read more
[ad_1] MUMBAI: The Reserve Bank of India and the Central Bank of UAE have signed two memoranda of understanding promoting the use of local currencies and domestic payment systems across borders.The Reserve Bank of India governor, Shaktikanta Das, and the Central Bank of UAE governor, H.E Khaled Mohamed Balama, in Abu Dhabi, signed the MoUs … Read more
[ad_1] New Delhi: In a significant development, the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) have signed two Memorandums of Understanding (MoUs) to enhance financial cooperation between the two nations. The MoUs were signed in Abu Dhabi and witnessed by the Honourable Prime Minister of India, Shri Narendra Modi, and His … Read more
[ad_1] India’s annual retail inflation rose to 4.81% in June from 4.31% the previous month, government data showed on Wednesday, snapping four months of easing due to surging prices for vegetables. Food inflation, which accounts for nearly half of the overall consumer price basket, rose to 4.49% against a revised 2.96% in May. Erratic and … Read more
[ad_1] NEW DELHI: Indian stock indices rose marginally Monday morning but analysts pointed out that any further rally from the current levels is unlikely.Notably, Sensex seems to have anchored around 65,000 points.Benchmark Sensex and Nifty were 0.3 per cent higher this morning.The consistent inflow of foreign funds, firm economic outlook, and moderation in inflation supported … Read more
[ad_1] The RBI circular is issued regarding arrangements with card networks for the issue of debit, credit and prepaid cards,. [ad_2] Source link
[ad_1] RBI Imposes Penalty On Three Banks A monetary penalty of Rs 30 lakh has been imposed on Standard Chartered Bank-India for non-compliance with certain provisions of the ’Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ The Reserve Bank of India on Monday said it has imposed penalties on Standard Chartered Bank-India, TransUnion … Read more
[ad_1] “I don’t see any negative impact of the note recall on the economy at all,” the RBI Governor said. Mumbai: Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but … Read more