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Reserve Bank Of India

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India's forex reserves steadily declines, kitty now stands 10 percent below peak

India's forex reserves steadily declines, kitty now stands 10 percent below peak

The reserves have been falling, most likely as a result of RBI intervention aimed at forcefully preventing the rupee from depreciating sharply

05 January,2025 04:48 PM IST | New Delhi | mid-day online correspondent
Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report

Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report

The Reserve Bank has released the December 2024 issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability

30 December,2024 04:18 PM IST | Mumbai | mid-day online correspondent
How Manmohan Singh used to visit Mumbai's Strand Book Stall while he was RBI guv

How Manmohan Singh used to visit Mumbai's Strand Book Stall while he was RBI guv

A former staff member of Strand, which shut down a few years ago, recalled warm memories of Singh, who was the RBI governor between 1982 and 1985

28 December,2024 10:57 AM IST | Mumbai | PTI
Mumbai public holiday alert: BSE, courts, banks closed for Christmas, New Year

Mumbai public holiday alert: BSE, courts, banks closed for Christmas, New Year

Schools, colleges, businesses, and government offices will remain closed on December 25th

27 December,2024 10:52 AM IST | Mumbai | mid-day online correspondent
Rupee falls to 84.83 against US dollar amid weak equities and high crude prices

Rupee falls to 84.83 against US dollar amid weak equities and high crude prices

The Indian rupee dropped by 3 paise to 84.83 against the US dollar on Monday, reflecting the weak performance of domestic equities and rising crude oil prices. Forex traders highlight persistent dollar demand as a key factor in the rupee's decline.

16 December,2024 10:05 AM IST | Mumbai
Reserve Bank of India receives bomb threat in Russian language

Reserve Bank of India receives bomb threat in Russian language

The MRA Marg Police Station has registered a case against an unidentified individual in connection with the incident; taking the matter seriously, the police have initiated an investigation

13 December,2024 10:22 AM IST | Mumbai | Faizan Khan
Rupee recovers from all-time low, appreciates to 84.83 against US dollar

Rupee recovers from all-time low, appreciates to 84.83 against US dollar

The Indian rupee appreciated by 5 paise to 84.83 against the US dollar in early Friday trade, following positive domestic inflation data. However, the recovery remains limited due to a stronger US dollar and volatile domestic equity markets.

13 December,2024 09:45 AM IST | Mumbai
 Inflation decline sharper in high-income states, according to SBI report

Inflation decline sharper in high-income states, according to SBI report

The State Bank of India's report highlights that middle and high-income states have experienced a steeper decline in food inflation compared to low-income states, attributed to labour migration and faster disinflation in wealthier regions.

13 December,2024 09:25 AM IST | New Delhi
Shaktikanta Das says,

Shaktikanta Das says, "Inflation control is a huge challenge for new RBI gov"

Reflecting on the struggles he went thorough when he assumed office in 2018, Das recalled addressing issues related to banking sector and liquidity management

10 December,2024 02:33 PM IST | Mumbai | mid-day online correspondent
Shaktikanta Das bids emotional farewell as RBI Governor

Shaktikanta Das bids emotional farewell as RBI Governor

Outgoing RBI Governor Shaktikanta Das shares an emotional farewell, expressing gratitude to the government, stakeholders, and colleagues for their support throughout his tenure.

10 December,2024 11:08 AM IST | New Delhi

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