The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to ...

“The Subhadra scheme was the first government programme to distribute funds using the digital rupee. Following the success in ...

have opened e-rupee wallets for their users in partnership with Yes Bank. The RBI had then said that the move is expected to enhance access and expand choices available to users apart from testing ...

The move is expected to streamline trade settlements and reduce dependency on third-party currencies. The circular, issued under Sections 10 (4) and 11 (1) of the Foreign Exchange Management Act (FEMA ...

The RBI said it will conduct a USD/INR Buy/Sell swap auction of $10 billion later this month to inject liquidity into the ...

Non-Resident Indian (NRI) deposits saw a significant rise during April-January 2024-25, with inflows reaching $14.31 billion, ...

The rupee then became a fiat currency under British colonial rule. Now it's another currency within the modern monetary system and is managed by the Reserve Bank of India (RBI). The currency ...

Rupee forward premiums have dropped after the Reserve Bank of India (RBI) announced a raft of measures, including a dollar ...

Bulletin highlights India's strong economic foundation, driven by fiscal policies, monetary framework, digital transformation ...

It has many tools to do so. On February 28, the RBI conducted a dollar-rupee buy/sell swap auction for $10 billion with a three-year tenor. The auction was oversubscribed 1.62 times. A Reuters ...

Accordingly, the RBI will conduct a USD-INR buy/sell swap auction of $10 billion ... The auction would be a multiple-price based auction, i.e., successful bids will get accepted at their ...