Rupee Reality
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
When a central bank moves to shut down parts of a $100-billion-plus daily market, it is not merely regulating ~ it is signaling distress.
The Reserve Bank of India’s latest policy decision marks a subtle but important shift in the country’s economic management.
It may be recalled that the Enforcement Directorate (ED) registered a fresh case against RCom for an alleged Rs 2,929 crore loan fraud with the State Bank of India (SBI).
The Reserve Bank of India (RBI) is expected to cut the repo rate by 100 basis points -- from 6 per cent to 5 per cent -- by the end of 2025, according to a Nomura report.
Russia's central bank has increased its key interest rate from 18 per cent to 19 percent in an effort to curb inflation, the bank said in a statement on Friday.
The central bank imposed a fine of Rs five lakh each on Godrej Housing Finance and Aadhar Housing Finance, and Rs 3.5 lakh on Housing and Urban Development Corporation.
As the global economy continues to navigate uncertain waters, India finds itself at a crucial juncture, with its central bank steering the ship through turbulent seas.
The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.
From the last two MPCs, the RBI has taken a pause over the interest rate after a prolonged hike of 250 bps since May 2022.
