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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

Expert views on RBI policy rate hike

The reverse repo rate was also raised by 25 basis points to 6.00 per cent.

6 Jun 2018 3:25 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Business

RBI to announce 2nd bi-monthly Monetary Policy of 2018-19 today

The last rate hike was announced by RBI in January 2014 when the repo rate was increased to 8 per cent.

6 Jun 2018 8:56 AM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

Business

RBI rate hike a 'win-win' situation for markets, banks

The MPC added that the volatility in global financial markets continues to impart uncertainty to the inflation outlook.

2 Aug 2018 12:11 PM IST

Business

Brace for currency wars, says RBI governor Urjit Patel

Use all measure required to ensure stability, urges Patel.

2 Aug 2018 1:15 AM IST

$The settlement, which still needs approval by the banks board, would release Credit Suisse from \potential civil claims by the DoJ$ Business

Rupee may dip to 70 per US dollar

Credit Suisse says oil price remains key factor; RBI may hike rates.

8 Aug 2018 12:27 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Business

RBI's monetary policy panel cites inflationary risks as reason for...

India posted its best growth in nearly two years at 7.7 per cent in January-March quarter.

17 Aug 2018 9:39 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Business

Rate cut to boost private investment: Urjit Patel

The 0.25 per cent lowering of the repo rate to 6 per cent comes after a 10-month pause.

2 Aug 2017 7:21 PM IST

Economic Affairs Secretary Subhash Chandra Garg, (Photo credit: World Bank)

Business

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

2 Aug 2017 4:36 PM IST

Business

RBI cuts key rate by 0.25 per cent; to lower home, auto EMIs

This is the first rate cut since October 2016 and the interest rate is now at 6-year low.

2 Aug 2017 3:01 PM IST

Business

RBI's bi-monthly MPC meet begins, 25 bps cut in repo rate likely

The central bank is meeting on August 1 and 2, which is third such meeting this year.

1 Aug 2017 3:12 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Business

RBI may bring rate cut in Dec to support growth

Note ban is expected to affect economic activity, especially consumption, supply chain and cash dependent businesses.

29 Nov 2016 12:57 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Business

Pressure mounts on RBI to cut policy rate: Experts

MPC in its previous review in June had retained the repo rate at 6.25 per cent

16 July 2017 12:21 PM IST