Stay Connected. Stay Informed.
India needs to strengthen the rule of law to compete with the developed world, protect the independence of its central bank, and hold public officials, including IAS officers, more accountable, argues Duvvuri Subbarao, former RBI Governor and author of the recent book “Just a Mercenary?”, in an interview with The Hindu. Edited excerpts: You say…
Read More “Government thinks of the RBI as a part of itself: Subbarao” »
The logo of the Reserve Bank of India. File | Photo Credit: Reuters The lobby group for Indian non-banking lenders on June 11 asked for a review of a recent proposal from the Reserve Bank of India (RBI) calling for an increase in the provisions that lenders have to set aside against infrastructure project loans….
Read More “RBI should review plan to raise provisions against infra loans, says FIDC” »
Indian Rupee notes are seen in this picture illustration taken in Mumbai. | Photo Credit: REUTERS The rupee opened on a flat note against the US dollar in early trade on Tuesday, June 11, 2024, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. Also…
Read More “Rupee opens flat against US dollar in early trade” »
The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India. Mumbai: The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency. With emphasis on continuous synchronisation of the FEMA operating framework…
Read More “RBI To Allow Opening Of Rupee Account Outside India” »
The story so far: To strengthen the existing regulatory framework for long gestation period financing for projects such as infrastructure, non-infrastructure and commercial real estate sectors, the Reserve Bank of India (RBI) issued draft regulations for consultation earlier this month. The regulations endeavour to provide a “harmonised prudential framework” for financing projects. It also proposes…
Read More “RBI’s proposed framework to administer project financing | Explained” »
The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8, amid a negative trend in domestic equities and strong American currency. Forex traders said significant…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on April 23. The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after…
Read More “Extreme weather may pose risk to inflation, says RBI Bulletin” »
The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…
Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. Doubts that this would be anything more than a vote-on-account had been settled when Prime Minister Narendra Modi publicly declared that “when polls are this close, the government presents an interim…
Michael Debabrata Patra, RBI deputy governor, inaugurated the sub-office of the Reserve Bank of India, in Itanagar, Arunachal Pradesh, on October 20. File | Photo Credit: The Hindu Reserve Bank of India (RBI) has announced the opening of its sub-office in Itanagar, Arunachal Pradesh in the northeast of India. Dr. Michael Debabrata Patra, deputy governor, RBI,…
Read More “Reserve Bank of India opens sub-office in Arunachal Pradesh’s Itanagar” »
