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RBI MPC announcement today: Rates unlikely to change, RBI may change stance to neutral

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) me…

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Status-quo on interest rate likely, say experts ahead of RBI's policy review

The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…

PTI   


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RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly

​MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…

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Rupee falls 1 paisa to close at 83.96 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.94 and touched an intrada…

PTI   


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RBI leaves key repo rate unchanged, focus on keeping inflation in check

The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in i…

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RBI to withdraw ₹2,000 currency notes from circulation, will continue to be legal tender

The Reserve Bank of India (RBI) on Friday announced the withdrawal of ₹2,000 currency notes from ci…

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We want the elephant of inflation to walk back to the forest: Shaktikanta Das

The Indian central bank’s rate-setting panel, the Monetary Policy Committee (MPC), kept the repo ra…

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3 mins read

With food inflation looming large, ‘shallow rate’ cuts expected only in Q3 FY25

The ongoing heatwave conditions, and projections of a harsher summer, are likely to impact India’s …

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3 mins read

Not just bank deposits, gold sales & real estate to get a boost from ₹2,000 note withdrawal

The Reserve Bank of India (RBI) on Friday said that it intends to pull ₹2,000 banknotes from circul…

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UPI in 2024 – Five rule changes that you need to know

The year 2024 has begun and with this, there have been some changes in the financial sector. Unifie…

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1 min read

Rs 2,000 notes worth Rs 10,000 crore left in system: RBI Governor

"Rs 2,000 notes are coming back and only Rs 10,000 crore is left in the system. The expectation…

PTI   


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We’d like to curtail consumption-led loans with no clear end use: RBI Dy Governor

“The loans in the under ₹50,000 segments is less than half a percent of total outstanding. The…

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Limit ATM cash withdrawals to ₹5,000 and increase ATM charges, an RBI committee reportedly recommends

Currently, customers can withdraw ₹10,000 in a single transaction and ₹20,000 in a day from a St…

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3 mins read

Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000

The Centre issued the moratorium notification under Section 45 (2) of the Banking Regulation Act…

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1 min read

RBI allows PMC Bank customers to withdraw ₹10,000 over a period of six months from ₹1,000 earlier

Panic-stricken customers of Mumbai-based Punjab and Maharashtra Co-operative Bank get some relief f…