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The Latest Breaking News from RBI

Put Images Of Deities Lakshmi-Ganesha On Currency Notes: Delhi CM Arvind Kejriwal's Appeal To PM For 'Getting Economy On Track'

Delhi Chief Minister Arvind Kejriwal has appealed to Prime Minister Narendra Modi to consider including the images of Goddess Lakshmi and Lord Ganesh on currency notes in India to "improve the economic situation of the country". Read on for details:

Dynamite News

Supreme Court asks petitioner to move RBI to control, keep checks on unauthorised online money lending platforms

The court also recorded the petitioner’s prayer that RBI should also intervene to protect the personal data of users.

The Hindu

India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

New Delhi Amid fears of the world slipping into recession, India will perhaps emerge as the stronges

The Hindu

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Letters to the Editor — October 6, 2022

RBI and letter

The Hindu

With the rupee under pressure, what next

Even though a crisis is unlikely because of differences between the external situation then and now, India could still remain vulnerable on many counts

The Hindu

Boxed in: On need for inflation control as top policy priority

As high prices restrain consumption, inflation control must be the top policy priority

The Hindu

Inflation on RBI radar; repo rate hiked

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised the policy repo rate –

The Hindu

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New rules for debit, credit cards begin with tokenisation today,

New Delhi The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens Read more on Dynamite News:

Dynamite News

India’s central bank hikes interest rates to tame inflation

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

Al Jazeera

RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained

Mumbai The Reserve Bank of India (RBI) on Friday hiked repo rate">rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read more on Dynamite News:

Dynamite News

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment

The Hindu

How much should India prop up the rupee?

Last week, the rupee weakened against the dollar past the 81-mark to a record low. In recent months,

The Hindu

Indices on Indian markets snap 6-day losing streak in early trade

The benchmark indices on stock equity markets snapped the six-day losing streak and opened higher during early trade on Thursday. Read more on Dynamite News:

Dynamite News

Three-day RBI monetary policy meet starts today; another repo rate hike likely

The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Read more on Dynamite News:

Dynamite News

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Newslaundry

Falling Rupee: TOI says ‘it’s all right’, Express says ‘hawkish commentary roiled markets’

While the Indian rupee has continued to hit record lows, editorials by prominent English dailies have differed on the role played by the Reserve Bank of India.

The Hindu

Only request to PM Modi is to stop Rupee from scoring century: Congress

Congress Spokesperson Supriya Shrinate said for the first time in history, the rupee is racing fast towards 82 against the dollar

The Hindu

India has fairly large forex reserve to deal with current situation: Economic Affairs Secretary

Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16.

Newslaundry

The death trap that’s India’s illegal loan apps

One night in November 2020, Sai Aravind, telephoned a friend. In the course of the two-hour conversation, the 23-year-old wept incessantly, almost unable to speak through his tears.

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The Hindu

Currency pressure: On the rupee’s depreciation against the dollar

The Reserve Bank of India will have to ensure price stability and prevent further weakening of the rupee

The Hindu

Good investment climate boosts project financing

The State’s share in the overall project cost of ₹1,43,314 crore sanctioned by banks and financial institutions increased to 8.7% in 2021-22 from just 0.7% of ₹75,558 crore in 2020-21

The Hindu

Explained | The electoral bonds scheme and the challenges to it in Supreme Court

So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches

The Hindu

India not defending INR; Rupee can take care of itself: Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said the Rupee is being managed in a manner that reflects the fundamentals of the economy.

The Hindu

Food prices may affect August inflation

Retail inflation was 7.28% in first quarter, while RBI expects it to touch 7.1%

The Hindu

Staying the course: On monitoring inflation

Inflation may have moderated a bit, but remains a threat that warrants constant vigil

The Hindu

Nirmala Sitharaman initiates crackdown on illegal loan apps

The Union Finance Minister asks RBI to prepare a 'Whitelist' of legal loan apps

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