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RBI sets rupee reference rate at 67.2430 against US dollar

July 25, 2016 no comments

RBI fixed the reference rate of the rupee at 67.2430 against the US dollar The Reserve Bank of India today fixed the reference rate of the rupee at 67.2430 against the US dollar and 73.7992 for the e...

RBI sets up fraud monitoring cell, says Raghuram Rajan

June 22, 2016 no comments

RBI Governor Raghuram Rajan Bengaluru: Lauding the efforts taken by the government to take action against wilful defaulters, RBI Governor Raghuram Rajan today said the central bank has created a moni...

Rajan’s ‘structural changes’ to benefit economy: Ind...

June 19, 2016 no comments

Assocham said: “Rajan leaving RBI at a time of tumultuous global economy poses several risks to India, which along with the banks grappling with mounting non-performing assets, is quite unfortu...

Forex: The rupee has once again turned shaky

June 5, 2016 no comments

In cross-currency trade, rupee recovered sharply against the pound sterling and finished at 96.98 from 98.19 last Friday. In cross-currency trade, rupee recovered sharply against the pound sterling ...

Manufacturing growth in May slowest in 5 months: PMI

June 1, 2016 no comments

Indian manufacturing sector want more rate cuts from the Reserve Bank of India to boost investment Manufacturing output in India grew at its slowest pace in five months in May, suggesting that the se...

Will RBI chief Raghuram Rajan win over Narendra Modi?

June 1, 2016 no comments

With Modi’s patronage, it is more likely the government will reappoint Rajan, whose three-year term expires in September, should he wish to stay on In late 2014, the knives were out for RBI go...

RBI to ease registration process for NBFCs

April 26, 2016 no comments

Reserve Bank of India (RBI) will simplify the registration process for non-banking finance companies (NBFCs), Deputy Governor R. Gandhi said. “The new application forms will be simpler and the number...

Ministry asks RBI to examine Workers’ Bank proposal

April 25, 2016 no comments

BANGALORE, 07/06/2011: Heritage building of Provident Fund office in Bangalore The Labour Ministry has asked the Reserve Bank of India (RBI) to form a panel headed by a former Deputy Governor of the ...

‘Dangerous’ to question legitimacy of self-made wealth: Ra...

April 10, 2016 no comments

RBI Governor Raghuram Rajan Amid a furore over leaked ‘Panama Papers’ showing Indians with alleged offshore tax haven holdings, RBI Governor Raghuram Rajan today warned against a “d...

As RBI cuts repo rate, home loans could become cheaper

April 6, 2016 no comments

The rate cut could help lower the cost of loans for consumers, including automobile and home buyers. The cut should be seen in the backdrop of banks reducing lending rates by 25 to 50 bps since adopt...

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