Tag: rbi monetary policy meeting

RBI announces slew of measures to promote internationalisation of Rupee

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RBI announces slew of measures to promote internationalisation of Rupee

RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for cross-border trade transactions. File. | Photo Credit: Reuters In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday (October 1,…

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RBI Monetary Policy | Soon, deposit cash using UPI

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RBI Monetary Policy | Soon, deposit cash using UPI

Image for representation only | Photo Credit: C. Venkatachalapathy The Reserve Bank of India has proposed to facilitate cash deposit facility in banks through the use of UPI, an instant real-time payment system for inter-bank transactions through mobile phones. ALSO READ | RBI Monetary Policy LIVE updates  “Given the popularity and acceptance of UPI, as…

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