Mumbai: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank.
"The Reserve Bank of India has appeale

Mumbai: New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focu

Mumbai: The Reserve Bank of India (RBI) on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of “innovative”

Mumbai: The Reserve Bank on Saturday said it is not contemplating any proposal to buy idle gold and convert it into bullion.
"The RBI clarifies that no such proposal is under its consideration at thi

Mumbai: Dalal Street witnessed its worst carnage in two years on Friday as equities crumpled, while the rupee hit a record new low — slipping below the psychological 62-level to the US dollar — after

Mumbai: The rupee dropped to a historic low of 62.00 per dollar in late morning trade on Friday on good demand for the US currency from banks and importers in view of sharp fall in equity market.
The

New Delhi: RBI Governor designate Raghuram Rajan will work as Officer on Special Duty (OSD) in the central bank for three weeks before taking over as head of the institution.
"Dr Raghuram Rajan is ..

Singapore: On August 6, three weeks after the Reserve Bank of India (RBI) began engineering an increase in short-term money market rates to attract speculators, the Indian currency slid to a new reco

New Delhi: Chief Economic Advisor Raghuram G. Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI). Rajan will replace D. Subbarao, who completes his five-year term on Sep

Mumbai: The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market,