In a bid to arrest the rupee slide and attract more capital inflows, the Reserve Bank of India (RBI) on Monday relaxed the External Commercial Borrowing (ECB) norms, increased the overall cap of forei

Interest rate hike for NRI deposits, bond issue for overseas investors to improve capital inflows in the wake of rout of the rupee and slashing wasteful spending may be among the steps to be announced

Industry on Sunday asked RBI to go in for a bold move and cut interest rates at least by 50 basis points (bps), besides releasing more funds in the banking system to arrest slowdown in economic growth

The regional office of the Reserve Bank of India at Kochi could soon be provided a five layer security cover like the Padmanabhaswamy temple in Thiruvananthapuram in view of the increasing risk to its

India's industrial output growth flatlined in April, piling pressure on policymakers to cut rates and revive the economic fortunes of the BRIC nation that Standard & Poor's warned could be downgraded

Scammers seem to be adapting to changes fast, as a spam e-mail offering unclaimed funds in Indian banks has been landing in the in-boxes of scores of email users these days.

The RBI recently directed

In a bid to beef up the security in the regional office of Reserve Bank of India in the city, bank authorities are set to install crash rated boom barrier system which will help the security officials

Attributing the slide in rupee value to various domestic and global factors, Union Finance Minister Pranab Mukherjee on Sunday said the Reserve Bank was taking steps to arrest the currency's depreciation.

As rupee continued its downward slide, RBI deputy governor Subir Gokarn on Friday said all options are considered to check its fall.

The steps taken by RBI ‘has so far contributed to stability and c

The RBI is estimated to have sold $400-$500 million worth in spot, though possibly some of that was also in forward markets, dealers say.

The USD/INR rebounds to 53.88/89 to the dollar, after being p