Reserve Bank Of India (RBI): News
08 Jan 2025
BusinessRBI second-largest gold buyer in 2024, added 73-tons to reserves
The Reserve Bank of India (RBI) has become the world's second-largest central bank gold buyer, a report by the World Gold Council (WGC) said.
07 Jan 2025
FinanceWhy RBI's 'auto-debit rules' could save you from fraud
Financial management is key in the modern world. Auto-debit facilities help us make timely payments, without the hassle of remembering due dates.
07 Jan 2025
Indian EconomyIndia's GDP growth projected to hit 4-year low in FY25
India's Gross Domestic Product (GDP) is expected to grow at 6.4% in FY25, the slowest pace in four years. This is a sharp decline from the previous fiscal year's growth rate of 8.2%.
03 Jan 2025
BusinessIndia's forex reserves decline for fourth consecutive week to $640B
India's foreign exchange (forex) reserves declined for the fourth consecutive week, slipping to $640.28 billion in the week ending December 27, 2024, according to data from the Reserve Bank of India (RBI).
02 Jan 2025
GSTGST will not be applicable to gift vouchers and cards
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that prepaid vouchers, such as gift cards and digital wallets, are exempt from Goods and Services Tax (GST).
01 Jan 2025
Ahmedabad₹2,000 notes withdrawal: ₹6,691 crore worth currency still with public
The Reserve Bank of India (RBI) has said that 98.12% of the ₹2,000 denomination banknotes have returned to the banking system.
31 Dec 2024
BusinessRTGS, NEFT transactions get safer with this new RBI feature
The Reserve Bank of India (RBI) has announced that it will launch a name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems by April 1, 2025.
30 Dec 2024
National Payments Corporation of IndiaPF to FD: Key financial changes taking effect in 2025
The year 2025 will bring a number of major changes across different financial sectors, in order to streamline processes, improve benefits, and enhance accessibility for customers.
27 Dec 2024
Indian Rupee (INR)India's forex reserves decline to 7-month low of $644B
India's foreign exchange (forex) reserves have witnessed a steep fall, hitting a low not seen in over seven months.
27 Dec 2024
Unified Payments Interface (UPI)You can now use prepaid wallets via any UPI app
The Reserve Bank of India (RBI) has made a significant move by allowing Unified Payments Interface (UPI) payments to and from prepaid payment instruments (PPIs) through third-party applications.
27 Dec 2024
Indian Rupee (INR)9th consecutive decline! Indian rupee hits record low of ₹85.73/dollar
The Indian rupee has witnessed a sharp fall against the US dollar, hitting a fresh low of ₹85.73 on Friday.
25 Dec 2024
Indian Rupee (INR)Indian rupee in freefall? Why it keeps hitting record lows
The Indian rupee has witnessed a record fall against the US dollar, hitting an all-time low of 85.21 on Tuesday. This is the six straight session of decline for the currency.
25 Dec 2024
BusinessRBI spent $44.5B to protect Indian rupee's value in October
The Reserve Bank of India (RBI) invested a whopping $44.5 billion in forward and spot currency markets to strengthen the Indian rupee in October, the central bank's latest monthly bulletin has revealed.
24 Dec 2024
Initial Public Offering (IPO)Tata Capital initiates $2B IPO process
Tata Capital, the financial services arm of the Tata Group, has started preparations for a $2 billion initial public offering (IPO).
23 Dec 2024
Indian Rupee (INR)Indian rupee hits record low of 85.12 against US dollar
The Indian Rupee has hit a record low, plummeting to 85.12 against the US dollar.
22 Dec 2024
PhonePeHow to make international UPI payments via PhonePe
The National Payments Corporation of India (NPCI) has expanded its Unified Payments Interface (UPI) service to several countries.
21 Dec 2024
Nirmala SitharamanYour gift vouchers will now be exempted from GST
The 55th Goods and Services Tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, was held in Jaisalmer today.
18 Dec 2024
Donald TrumpIndian rupee plummets to record low, nears 85 per USD
The Indian rupee has witnessed a sharp fall, hitting an all-time low of 84.94 against the US dollar on December 18. The fall is just six paise shy of the 85 mark, hinting at further decline.
13 Dec 2024
Arvind Kejriwal'Will blow up bank': RBI receives bomb threat in Russian
The Reserve Bank of India (RBI) in Mumbai has once again been targeted with a bomb threat, the second such incident in less than a month.
10 Dec 2024
Shaktikanta DasKey decisions that marked Shaktikanta Das's tenure as RBI Governor
Shaktikanta Das, the 25th Governor of the Reserve Bank of India (RBI), has been a beacon of decisive leadership amid the worst economic challenges.
10 Dec 2024
US DollarsIndian rupee plunges to lifetime low of 84.80 against USD
The Indian rupee plunged sharply on December 10, hitting an all-time low of 84.80 against the US dollar. This beats the previous record low of 84.7575 set only last week.
09 Dec 2024
Sanjay MalhotraModi government appoints Sanjay Malhotra as new RBI Governor
Sanjay Malhotra, a veteran bureaucrat and a 1990-batch IAS officer, has been appointed as the new Governor of the Reserve Bank of India (RBI).
09 Dec 2024
DelhiWill Shaktikanta Das continue as RBI Governor? Decision expected soon
The Indian government is all set to announce its decision on the appointment of a new Reserve Bank of India (RBI) governor or the extension of incumbent Governor Shaktikanta Das's term.
08 Dec 2024
HDFC BankTop 6 Indian companies add ₹2L crore to market cap
The cumulative market valuation of six of the top 10 most-valued Indian companies, saw a major jump last week.
08 Dec 2024
International Monetary FundIndia's forex reserves surge $1.51B to $658B, reversing previous declines
India's foreign exchange (forex) reserves surged by a whopping $1.51 billion to $658.091 billion for the week ending November 29, data released by the Reserve Bank of India (RBI) showed.
06 Dec 2024
Ministry Of Home AffairsMeet MuleHunter AI, RBI's solution to rising mule account fraud
The Reserve Bank of India Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India (RBI), has launched MuleHunter AI, an advanced artificial intelligence and machine learning model.
06 Dec 2024
BusinessNRIs can now earn 2x interest on deposits in India
The Reserve Bank of India (RBI) has announced a major hike in the interest rate cap on Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
05 Dec 2024
Unified Payments Interface (UPI)UPI's evolution in 2024: New features, global reach, and more
The Unified Payments Interface (UPI) has solidified its dominance in 2024, transforming the way India handles digital transactions.
04 Dec 2024
Lok SabhaHow Banking Laws (Amendment) Bill impacts consumers and finance sector
The Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024.
03 Dec 2024
Indian GovernmentIs RBI Governor Shaktikanta Das staring at an exit?
The future of Reserve Bank of India (RBI) Governor Shaktikanta Das is under the scanner amid one of the biggest GDP growth misses in recent Indian history.
02 Dec 2024
Donald TrumpIndian Rupee hits all-time low against US Dollar
The Indian Rupee (INR) has hit a record low against the US Dollar, sliding 13p to reach 84.73 today.
26 Nov 2024
Shaktikanta DasRBI Governor Shaktikanta Das hospitalized: Check latest on his health
RBI Governor Shaktikanta Das has been hospitalized at Apollo Hospital in Chennai due to health concerns related to acidity.
25 Nov 2024
ParliamentCounterfeit ₹500 notes up 300% in India over 5 years
The Finance Ministry has revealed a shocking rise in the circulation of counterfeit ₹500 notes in India. In the last five years, there has been a whopping 317% rise in these fake notes.
25 Nov 2024
World BankWhy S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
19 Nov 2024
Shaktikanta DasRBI warns against deepfakes showing Governor Das endorsing investment schemes
The Reserve Bank of India (RBI) has issued a warning regarding the circulation of deepfake videos featuring its Governor, Shaktikanta Das.
18 Nov 2024
Amazon Web ServicesRBI launching cloud service to rival AWS, Azure in 2025
The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies.
14 Nov 2024
Shaktikanta DasHow RBI Governor responded to commerce minister's rate cut call
Union Commerce Minister Piyush Goyal urged the Reserve Bank of India to "definitely cut interest rates" while speaking at the CNBC-TV18 Global Leadership Summit on Thursday.
13 Nov 2024
National Stock ExchangeNifty officially enters correction zone: Is this a buying opportunity?
The National Stock Exchange's (NSE) Nifty 50 index has officially entered correction territory, marking a major slump in India's financial market.
12 Nov 2024
Indian Rupee (INR)Indian Rupee hits record low over Dollar rally, equity outflows
The Indian Rupee hit a historic low today, largely owing to the US Dollar's rally and expected outflows from domestic equities.
12 Nov 2024
InflationRetail inflation in October touches 14-month high of 6.21%
India's retail inflation, measured by the Consumer Price Index (CPI), hit a 14-month high of 6.21% in October.
08 Nov 2024
Donald TrumpUS Fed reduces rates as Trump's victory brings policy uncertainties
The US Federal Reserve has announced a 25 basis points reduction in interest rates, the second such cut in 2024.
