Deputy governor of reserve bank of india, Latest News
The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Read More
The Indian rupee slumped to a new record low of 77.81 against the US dollar on Thursday on persistent selling by foreign institutional investors in the equities markets amid a surge in crude oil prices and rising inflationary pressure. ...
The Reserve Bank of India (RBI) on Wednesday raised inflation forecast for the current financial year to 6.7 per cent from its earlier projection of 5.7 per cent. ...
Indian stock market's benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent. ...
The Reserve Bank of India (RBI) on Wednesday announced to increase the policy repo rate by 50 basis points to 4.9 per cent, the second hike in five weeks aimed at quelling the inflation. ...
The Reserve Bank of India (RBI) is set to hike the policy repo rate by 40 basis points to 4.80 per cent on Wednesday and increase the inflation forecast for the current fiscal to above 6 per cent from its earlier projection of 5.7 per cent, according ...
Inflation is likely to come down in the coming months as the government as well as the central bank have taken the required measures to cool down the price rise, Ajay Seth, Secretary, Department of Economic Affairs, said on Monday. ...
