Wed, Feb 27, 2019
Rs 100 was also among banknotes like new Rs 50, Rs 10 and Rs 500 which has seen a makeover in India’s currency chest since demonetisation drive.
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Tue, Jan 01, 2019
In an interview with ANI on the first day of the New Year, PM Narendra Modi spoke on a range of topics—from the Ram Mandir issue to Pakistan, surgical strikes and 2019 Lok Sabha elections.
Prime Minister Narendra Modi on Wednesday said that the demonetisation drive announced by him on November 8, 2016 was not a shock as the government had warned people having black money a year ago. Responding to criticism over surprise resignation of Urjit Patel as RBI Governor, PM Modi said that the former requested to resign on personal reasons, adding that there was no political pressure on him.
Wed, Dec 05, 2018
The Reserve Bank of India (RBI) today left the repo rate unchanged at 6.5 per cent, while maintaining the stance of 'calibrated tightening' of policy. This is the second time in a row that the central bank did not tinker with the interest rates.
RBI is an inflation trajectory cbank, and every policy stance revolves around the performance of Consumer Price Index (CPI) or retail inflation, which in latest month has softened. Retail Inflation in October 2018 month came in at 3.3% lower compared to 3.8% in September 2018 and 3.6% a year ago same month.
Sun, Nov 25, 2018
After the Centre vs RBI row has blown over, Governor Urjit Patel is under the spotlight again, this time about which way will the central bank lean as far as key interest rates are concerned.
Wed, Nov 21, 2018
The RBI had earlier stated that the system liquidity will move into deficit in the second half of 2018-19 and the evolving liquidity conditions would determine its choice of instruments for both transient and durable liquidity management.
Tue, Nov 20, 2018
With the RBI and the government stepping away from their extreme positions, the financial market is expected to react positively. Foreign investors, who have been closely following the power tussle between the government and the RBI, will also be happy with the meeting's conclusion. The next board meeting of the RBI will now be held in Delhi on December 14.
Mon, Nov 19, 2018
Unhappy over the pressure, RBI Deputy Governor Viral Acharya had warned that undermining central bank independence could be "catastrophic".
Tue, Nov 13, 2018
Centre Vs RBI: Prime Minister Narendra Modi and Reserve Bank of India Governor Urjit Patel reportedly met last week to sort out contentious issues that have become flash points between the government and the central bank.
RBI Governor Urjit Patel is believed to have met Prime Minister Narendra Modi last week in a bid to work out a solution on contentious issues that have been flash point between the central bank and the government during the last few weeks.
Wed, Nov 07, 2018
Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank`s next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in touch with the governor.
Tue, Nov 06, 2018
The Finance Ministry is now seeking a transfer of Rs 3.6 lakh crore from RBI, which is more than one-third of the central bank’s reserves.
Raghuram Rajan spoke in an interview over key developments in RBI vs govt controversy, section 7, debate on NBFC liquity, PCA framework and he also shed some light on rupee volatility.
Former Reserve Bank of India Governor Raghuram Rajan defended the central bank`s call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.
Mon, Nov 05, 2018
The government's row with RBI is over the PCA framework where about 11 state-owned banks are, more or less, trapped.
Wed, Oct 31, 2018
The government affirmed its belief in central bank autonomy on Wednesday, calling it "essential" in a bid to calm investors worried by a heated public row with the Reserve Bank of India (RBI).
The Government of India led by Prime Minister Narendra Modi has reportedly invoked never-before-used powers under the Reserve Bank Of India Act to make the central bank fall in line.
Tue, Oct 30, 2018
Government officials may blame RBI for talking about regulatory matters openly, but in a big relief for Governor Urjit Patel, the central bank’s union has taken up cudgels on his behalf.
Mon, Oct 08, 2018
Today, the rupee finished at 74.040 down by 0.065 or 0.09% against US dollar. However, in early hours of trading, the Indian rupee touched an all-time low of 74.165.
Fri, Oct 05, 2018
The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy review statement today, keeping the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
India's policy repo rate stays at 6.50%. Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
The decision of the RBI MPC is consistent with the stance of "calibrated tightening" of monetary policy.
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