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In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.

Forex reserves soar to touch all-time high of USD 453 billion

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644...

14 Dec 2019 11:06 AM IST

Prime Minister Narendra Modi (Photo: PTI)

What RBI's revised forecast means for us

Since the BJP claims that people have voted for Mr Modi, the buck should rightfully stop at him.

9 Dec 2019 12:19 AM IST

Shaktikanta Das

RBI pegs GDP down to 5 per cent, no rate cut

The policy repo rate since February was cut in every policy, cumulatively easing by 1.35 per cent or by 135 basis points...

6 Dec 2019 3:22 AM IST

Reserve Bank of India (RBI)

NBFCs, MFIs & co-ops can now become SFBs

The minimum paid-up voting equity capital or net worth requirement has been set at Rs 200 crore, up from Rs 100 crore as...

6 Dec 2019 2:18 AM IST

Union Economic Affairs Secretary Shaktikanta Das (Photo: PTI)

No way privately-issued digital currencies can be allowed: RBI Gov Das

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their...

5 Dec 2019 5:48 PM IST

Governor Shaktikanta Das

We can't keep on slashing policy rates every time: Shaktikanta Das

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

5 Dec 2019 1:34 PM IST

Reserve Bank of India (RBI)

Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October...

5 Dec 2019 12:08 PM IST

Although the Nikkei/IHS Markit Services Purchasing Managers Index (PMI) rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold separating contraction from growth on a monthly basis.

Services output expands for first time in 3 months: PMI

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

4 Dec 2019 11:33 AM IST

Indias GDP slowed down to 5.7 per cent on the back of demonetisation and GST. Photo: AP

India's GDP to grow at 7.3 per cent in 2018-19: World Bank

The World Bank said India will continue to be the fastest growing major economy in the world.

9 Jan 2019 8:55 AM IST

Radha Rama Dorai, the MD for ATM and allied services for FIS, said there is a likelihood of an imbalance between the supply of the new notes and the withdrawal of the old notes, especially in the hinterland.

Dry ATMs: Par panel nudges RBI to fix the problem

As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018.

7 Jan 2019 11:34 AM IST

Economic Affairs Secretary Shaktikanta Das

Who will RBI gov oblige?

Das will have busy days ahead as he adjudicates on the issue of liquidity and credit availability for banks and...

6 Jan 2019 12:02 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Bank recap may not mean faster loan growth

The agency noted that the authorities' approach to the banking sector has clearly shifted towards spurring lending in...

28 Feb 2019 12:32 AM IST