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

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

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

The USD/INR exchange rate is loitering near its all-time high as the US dollar index plunges and the market waits for the ...

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 ...

Sound fiscal policies, a well-calibrated monetary framework, and digital transformation initiatives are expected to provide a ...

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

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

Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster ...