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Rupee slumps 40 paise to close at 96.75 against US dollar post RBI policy decision

The Meghalayan Express -
Mumbai, Oct 7: The rupee slumped 40 paise to close at 96.75 against the US dollar on Wednesday, after the Reserve Bank of India...
Business

RBI raises FY27 GDP growth forecast by 40 bps to 7.1 pc

The Meghalayan Express -
Mumbai, Oct 7: The Reserve Bank on Wednesday raised its GDP growth forecast for the current fiscal year by 40 basis points to 7.1...
Business

RBI hikes repo rate by 25 basis points to 5.5 pc; changes stance to ‘calibrated tightening’

The Meghalayan Express -
Mumbai, Oct 7: After nearly three-and-half years, the Reserve Bank of India on Wednesday raised key benchmark policy rate by 25 basis points to...
Business

Concessional swap facility attracts USD 56.85 bn forex inflows: RBI

The Meghalayan Express -
Mumbai, Aug 14: The Reserve Bank on Friday said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted USD 56.84 billion...
Business

RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah

TME -
Mumbai, Aug 8: Union Minister of Cooperation Amit Shah on Saturday urged urban cooperative banks (UCBs) to look at the RBI from a "different...
Business

RBI bars banks from disabling mobile devices of defaulting borrowers

The Meghalayan Express -
Mumbai, Aug 6: Banks cannot disable mobile phones and laptops of defaulting borrowers to recover personal, car, or home loans, except in cases where...
Business

RBI targeting polymer currency notes launch in early FY28: Guv Malhotra

The Meghalayan Express -
Mumbai, Aug 5: Governor Sanjay Malhotra on Wednesday said the Reserve Bank of India is targeting to launch long-lasting polymer currency notes at the...
Business

RBI keeps policy rate unchanged for third time in row amid West Asia crisis

The Meghalayan Express -
Mumbai, Aug 5: In an expected move, the Reserve Bank of India on Wednesday kept key interest rates unchanged for the third time in...
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