Reserve Bank of India reduces timing of debt, currency market
Apr 04, 2020, at 12:44 pm
Mumbai/UNI: In view of the lockdown following the outbreak of coronavirus, the Reserve Bank of India (RBI) has reduced the trading hours of debt as well as currency markets from April 7.
RBI relaxes withdrawal limit to Rs 40,000 for PMC bank depositors
Oct 14, 2019, at 10:35 pm
Mumbai: The Reserve Bank of India (RBI) has raised the withdrawal limit for account holders of trouble-torn Punjab Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 after going through its liquidity position and ability to pay its depositors.
RBI cuts repo rate by 35 bps, fourth time this year
Aug 07, 2019, at 01:49 pm
Mumbai, Aug 7 (UNI): The Reserve Bank of India (RBI) on Wednesday cut the repo rate for fourth time this year by 35 basis points (bps) to 5.40 per cent in its third bi-monthly policy review of the financial year.
Shaktikanta Das named next RBI governor
Dec 11, 2018, at 07:44 pm
New Delhi, Dec 11 (IBNS): The Union government on Tuesday named Shaktikanta Das, a member of the Fifteenth Finance Commission, as the next governor of the Reserve Bank of India, reports said.
RBI says second bi-monthly meeting of Monetary Policy Committee advanced to June 4
May 17, 2018, at 08:41 pm
Mumbai, May 17 (IBNS): The Reserve Bank of India (RBI) has advanced the Monetary Policy Committee (MPC) meeting by a day to 4 June, 2018, accordin to a release issued by the central bank.
Indian benchmarks end higher on Thursday, RBI retains key interest rate
Apr 05, 2018, at 10:43 pm
Mumbai, Apr 5 (IBNS): The Indian market closed higher on Thursday, with BSE Sensex up 577.73 points at 33,596.80, and NSE Nifty up 196.80 points at 10,325.20.
Indian benchmark indices decline on Friday, RBI says will issue new Rs 50 note soon
Aug 19, 2017, at 02:02 am
Mumbai, Aug 18 (IBNS): Indian benchmark indices ended lower on Friday with BSE Sensex down 270.78 points at 31524.68, and NSE Nifty down 66.75 points at 9837.40.
Indian benchmark indices end lower on Wednesday
Aug 02, 2017, at 10:25 pm
Mumbai, Aug 2 (IBNS): The Indian market ended lower on Wednesday, the day the Reserve Bank of India (RBI's) Monetary Policy Committee (MPC) held its third Bi-Monthly Meeting in Mumbai.
Excerpts from Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of RBI MPC
Aug 02, 2017, at 10:08 pm
Mumbai, Aug 2 (IBNS): The Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was published after the MPC held its third review meeting on Wednesday in Mumbai.
Central govt welcomes repo rate cut by MPC says DEA Secretary Subhash Chandra Garg
Aug 02, 2017, at 09:52 pm
New Delhi, Aug 2 (IBNS): The Central government has welcomed the 25 basis points cut in the repo rate announced on Wednesday by the Monetary Policy Committee (MPC), said Secretary, Department of Economic Affairs (DEA), Subhash Chandra Garg.
RBI Monetary Policy Committee cuts repo rate by 25 basis points to six per cent
Aug 02, 2017, at 08:50 pm
Mumbai, Aug 2 (IBNS): The Reserve Bank of India (RBI) Monetary Policy Committee cut the repo rate by 25 basis points to six per cent on Wednesday at its third bimonthly policy review, according to media reports.
Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI
Jul 01, 2017, at 03:15 am
New Delhi, June 30 (IBNS): Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.
Second RBI Monetary Policy Committee meeting leaves repo rate unchanged
Jun 07, 2017, at 08:37 pm
Mumbai, Jun 7 (IBNS): The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC), at its second bi-monthly meeting on Wednesday, said it has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent, on the basis of an assessment of the current and evolving macroeconomic situation.
Investors book profit ahead of RBI Monetary Policy Meeting, benchmark indices decline
Jun 06, 2017, at 10:54 pm
Mumbai, Jun 6 (IBNS): The Indian market closed lower on Tuesday largely due to investors booking profits prior to the Reserve Bank of India's (RBI's) Monetary Policy meeting on Wednesday, according to media reports.
Mar 11, 2017, at 07:48 pm
Mumbai, Mar 11 (IBNS): The Reserve Bank of India (RBI) has launched a mobile application (app) version of its website for Android as well as iOS platforms.
Indian market ends flat on Thursday ahead of exit polls
Mar 09, 2017, at 10:27 pm
Mumbai, Mar 9 (IBNS): The Indian market closed flat with positive bias on Thursday ahead of the exit poll outcome of the five states that recently went for their state Assembly polls, according to media reports.
Will try to live up to people's expectations: Urjit R Patel
Aug 21, 2016, at 08:16 pm
New Delhi, Aug 21 (IBNS): After being appointed as the Governor of Reserve Bank of India (RBI), Urjit R Patel thanked everyone and assured to live up to the expectations of the people.
Indian markets remain cautious about RBI's monetary policy on Tuesday
Apr 04, 2016, at 09:53 pm
Mumbai, Apr 4 (IBNS) The Indian markets ended Monday on a mixed note with the Sensex up 130.01 points to 25399.65 and the Nifty up 45.75 points to 7758.80, largely driven by positive cues from Asian markets and upbeat US jobs report but cautious ahead of the Reserve Bank of India's policy meeting on Tuesday.
Indian benchmark indices draw strength from RBI stance
Mar 02, 2016, at 10:52 pm
Mumbai, Mar 2 (IBNS) The Indian benchmark indices rallied for the second consecutive day on Wednesday to maintain their record gain in seven years riding on the back of performing banks stocks.
Security features of 100-rupee banknotes being enhanced by the Reserve Bank of India
Jan 22, 2016, at 11:34 pm
Mumbai, Jan 22 (IBNS): The Reserve Bank of India will put into circulation 100-rupee banknotes incorporating enhanced security features, same as those in rupees-500 and rupees-1000 banknotes.
Urjit R. Patel appointed as RBI's Deputy Governor
Jan 09, 2016, at 05:07 am
Mumbai, Jan 8 (IBNS): The Government of India on Friday re-appointed Urjit R. Patel as the Deputy Governor of the Reserve Bank of India.
RBI Guv Raghuram Rajan bats for tolerance, says bans stifle growth
Oct 31, 2015, at 09:49 pm
New Delhi, Oct 31 (IBNS) Advocating for protecting the right to question and chalenge, Reserve Bank of India (RBI) Governor Raghuram Rjan on Saturday said spirit of enquiry is critical for the country's economic progress.
Mar 04, 2015, at 10:09 pm
Mumbai, Mar 4 (IBNS) ICICI Bank MD and CEO Chanda Kochhar on Wednesday said the repo rate cut by Reserve Bank of India is a welcome step that demonstrates RBI's comfort with the inflation outlook and its responsiveness to emerging indicators.