Tag: Reserve Bank of India

RBI to set up Working Group to review trading and settlement timings of markets

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RBI to set up Working Group to review trading and settlement timings of markets

The Reserve Bank of India (RBI) has decided to undertake a comprehensive review of trading and settlement timings across various market to synchronise it to facilitate benefits of efficient price discovery and optimisation of the liquidity requirements.  “Over the last few years, there have been several developments including increased electronification of trading, availability of forex…

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Business

India’s forex reserves rise $1.05 bln to $630.607 bln

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India’s forex reserves rise .05 bln to 0.607 bln

Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves rose $1.05 billion to $630.607 billion for the week ended January 31, the RBI said on Friday (February 7, 2025) In the previous reporting week, the overall reserves had increased by $5.574 billion to $629.557 billion. This is the second consecutive…

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The kind of jobs needed for the ‘Viksit Bharat’ goal

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The kind of jobs needed for the ‘Viksit Bharat’ goal

At a job fair in Kochi, Kerala, in 2023 | Photo Credit: The Hindu/THULASI KAKKAT The Union Budget has been presented, and this is the right time to outline the three kinds of jobs this writer believes India must create. Beyond reviving private consumption in urban areas, we must continue to strengthen long-term job creation…

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Business

India’s Economic Growth Poised To Rebound: RBI

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India’s Economic Growth Poised To Rebound: RBI

New Delhi: India’s economic growth is poised to rebound as domestic demand regains strength, though the stickiness in food inflation warrants careful monitoring, the latest RBI Bulletin released on Friday said. An article on the ‘State of the Economy’ published in the January Bulletin also noted that the economic outlook for 2025 is divergent across…

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Nation

To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits

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To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits

New Delhi: The RBI on Friday asked banks to use only the ‘1600xx’ phone numbering series to call customers for transactional purposes with a view to preventing financial fraud. It further said that for promotional purposes, banks and other regulated entities (REs) should use only the ‘140xx’ numbering series for the prevention of financial frauds…

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RBI announces steps to encourage cross-border transactions in Indian rupee

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RBI announces steps to encourage cross-border transactions in Indian rupee

Image used for representational purpose | Photo Credit: Reuters The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions. The decision comes at a time when the domestic currency is sliding and touched an all-time low of…

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Business

India’s forex kitty drops $5.69 billion to $634.58 billion

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India’s forex kitty drops .69 billion to 4.58 billion

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $5.693 billion to $634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday (January 10, 2025). In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion. The…

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Are Banks Closed On January 1, 2025? Here’s Where And Which Regional Offices Are Affected

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Are Banks Closed On January 1, 2025? Here’s Where And Which Regional Offices Are Affected

As the new year begins, many may wonder about the banking schedule for the first day of January 2025. The Reserve Bank of India (RBI) has announced closures in multiple regional offices to mark New Year’s Day and other regional celebrations. RBI Closures on January 1, 2025 According to the latest holiday list, on January…

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Nation

Mumbai Book Shop Staff Recalls Manmohan Singh’s Visits As RBI Chief

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Mumbai Book Shop Staff Recalls Manmohan Singh’s Visits As RBI Chief

Mumbai: Once or twice a month, the then Governor of the Reserve Bank of India would walk to Mumbai’s famous Strand Book Stall in the Fort area to check out the latest arrivals. Little did the bookstore’s staff know that this soft-spoken book-lover would become the country’s prime minister. A former staff member of Strand,…

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Forex reserves drop by $8.478 billion to $644.391 billion

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Forex reserves drop by .478 billion to 4.391 billion

Photo used for illustration purpose only. | Photo Credit: Reuters The country’s forex reserves dropped by a further $8.478 billion to $644.391 billion for the week ended December 20, the RBI said on Friday (December 27, 2024). In the previous reporting week, the reserves had dropped by $1.988 billion to a six-month low of $652.869…

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Business