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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 March 2019 9:05 AM IST

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

RBI to inject liquidity worth USD 5 billion into system

Under the swap auction, minimum bid size would be USD 25 million and in multiples of USD 1 million thereafter.

14 March 2019 9:18 AM IST