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Reserve Bank of India

RBI to conduct OMO purchase of govt Securities for Rs 25,000 cr

RBI to conduct OMO purchase of govt Securities for Rs 25,000 cr
RBI reduces repo rate for first time in five year

RBI reduces repo rate for first time in five year

Just In: RBI’s monetary policy committee decided unanimously to reduce the policy rate by 25 basis points, from 6.5% to 6.25%. Read further on Dynamite News:
Mumbai: RBI receives bomb threat in Russian, probe underway

Mumbai: RBI receives bomb threat in Russian, probe underway

The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Read further on Dynamite News:
Sanjay Malhotra takes charge as RBI Governor for 3 years

Sanjay Malhotra takes charge as RBI Governor for 3 years

Sanjay Malhotra, in his new role, will oversee the bank’s several functions, including monetary policy and ensuring economic stability in the country. Read further on Dynamite News:
RBI Issues Master Direction for Asset Reconstruction Companies

RBI Issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. Read further on Dynamite News:
RBI keeps repo rates unchanged at 6.5 pc after first Monetary Policy meeting

RBI keeps repo rates unchanged at 6.5 pc after first Monetary Policy meeting

The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. Read further on Dynamite News:
Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

The RBI disclosed the latest figures concerning India’s IIP as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. Read further on Dynamite News:
97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal

97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal

The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned. Read further on Dynamite News:
PIL in Delhi HC challenges RBI decision to withdraw Rs 2000 denomination banknotes

PIL in Delhi HC challenges RBI decision to withdraw Rs 2000 denomination banknotes

A Public Interest Litigation (PIL) has been moved in Delhi High Court seeking direction to quash the Reserve Bank of India (RBI) Notification dated May 19, 2023, whereby the RBI has taken a decision to withdraw the Rs 2000 denomination banknotes from circulation under the clean note policy or otherwise. Read further on Dynamite News:
Rs 2000-Note Withdrawal: “Do not rush to banks,” as it will continue to be legal tender, says RBI governor

Rs 2000-Note Withdrawal: “Do not rush to banks,” as it will continue to be legal tender, says RBI governor

The Reserve Bank of India on Friday withdrew the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

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