You Searched For "central bank digital currencies" and got 20 results
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2 mins read
GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you
At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
1 min read
India's forex reserves jump USD 5.08 bn to USD 595.40 bn
India's forex reserves increased by USD 5.077 billion to USD 595.397 billion during the week ended …
PTI
1 min read
Cryptocurrencies equivalent to gambling: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies ar…
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
1 min read
Crypto currencies have no underlying value, says RBI official
Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…
PTI
2 mins read
The US dollar has become so weaponized that central banks are snapping up politically-neutral gold
Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down…
Huileng Tan
2 mins read
Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
2 mins read
HDFC Bank credit card rules change from today, all you need to know
HDFC Bank has implemented new credit card policies starting August 1. The changes include 1 percent…
1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
2 mins read
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…
Huileng Tan
2 mins read
At USD 642.292 bn, India's foreign exchange reserves hit all-time high
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …
ANI
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
3 mins read
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
3 mins read
RBI to focus on disinflation, food inflation sticky to core, note RBI's MPC minutes
The fiftieth meeting, conducted under Section 45ZB of the RBI Act, 1934, ended with the decision to…
ANI
2 mins read
Rupee trades in narrow range against US dollar in early trade
In Thursday's trading, the Indian rupee experienced a slight decline amid conflicting influences, i…
PTI
1 min read
Tether to launch tokens pegged to the British pound in an expansion of its lineup of stablecoins
Putting British pounds on the blockchain will provide a "faster, less costly option for asset trans…
Carla Mozée
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
2 mins read
Rupee falls 3 paise to close at all-time low of 83.66 against US dollar
On Thursday, the rupee depreciated 5 paise and settled at a new low of 83.63 against the US dollar.
PTI
2 mins read
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says
China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holde…