[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: Wholesale price-based inflation contracted for the third straight month in June on the back of easing food, fuel and manufactured product prices. The gap between retail and wholesale inflation widened.Data released by the commerce and industry ministry on Friday showed inflation, based on the wholesale price index (WPI), fell 4. 1% in … 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] A bulletinBringing down inflation, as well as market and household expectations of future inflation would be key to reviving private capital expenditure, the Reserve Bank of India (RBI) said in its monthly bulletin released on Friday.“Recent national accounts data and corporate results when read in conjunction clearly show that inflation is slowing down personal … Read more
[ad_1] MUMBAI: Differences between Reserve Bank of India officials and external members emerged in the June 8 monetary policy meeting minutes, with the central bankers taking a more hawkish stance while two members were worried about high interest rates hurting growth.The RBI, on Thursday, released minutes of the MPC meeting, which resulted in all members … Read more
[ad_1] India’s central bank (RBI) decided last month to withdraw the largest denomination notes from circulation, asking people to deposit or exchange them at banks by the end of September. [ad_2] Source link
[ad_1] MUMBAI: The Reserve Bank of India (RBI) has denied reports suggesting a discrepancy between the quantity of banknotes printed and the amount supplied to the RBI during the 2015-16 period. The central bank has responded to allegations circulating in certain media outlets and circulated in social media, emphasizing that these reports are inaccurate.According to … Read more
[ad_1] MUMBAI: India’s forex reserves dropped by $1.318 billion to $593.749 billion for the week ended June 9, the Reserve Bank of India said on Friday.The overall reserves had jumped by $5.93 billion to $595.067 billion for the previous reporting week.It can be noted that in October 2021, the country’s forex kitty had reached an … Read more
[ad_1] Prices of cereals, oil, fats, fruits, beverages as well as clothing and footwear came down in May compared to April. [ad_2] Source link
[ad_1] NEW DELHI: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has announced a significant development regarding Rupay prepaid foreign exchange (forex) cards for Indian travelers going abroad.Announcing the decision of the MPC that met for three days from June 6 – 8, RBI Governor Shaktikanta Das said the Rupay debit … Read more