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An increase in the foreign exchange reserves gives the RBI more headroom to stabilize the rupee when it turns volatile
Finance

India’s forex reserves scale two-year high of $636.1 billion: RBI data

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Rising foreign exchange reserves are positive for the economy India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of...
Indian economy continues to sustain the momentum achieved in the first half of 2023-24
Economy

RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate...

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A stable and low inflation at 4% provides the bedrock for sustaining economic growth, according to RBI bulletin Ihe RBI’s monthly bulletin released on Tuesday...
Paytm bank given until March 15 to stop accepting new deposits
Banking

RBI extends Paytm Payments Bank transaction curb deadline to March 15....

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RBI extends Paytm Bank’s lifeline to help customers The Reserve Bank of India (RBI) on Friday extended by 15 days the deadline for stopping transactions...
BSE to conduct regular trading session as per regular timings on January 20 from its primary site
Markets

Stock markets to remain closed on the occasion of Ram Mandir...

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Ayodhya Ram Mandir Pran Partistha: Money markets to remain closed on January 22 Stock exchanges will observe trading holiday on January 22 in Equity, Equity...
Rupee has shown strength at the beginning of 2024, aided by positive participation in the capital markets and RBI interventions
Finance

Rupee edges up against US dollar for the seventh consecutive day

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Rupee gains 2 paise to 83.01 against US dollar On Thursday, the rupee edged up by 2 paise vis-a-vis the US dollar to close at...
Total value of the Rs.2000 banknotes in circulation was Rs.3.56 lakh cr at the close of business on May 19, 2023
Banking

RBI says 97.38% Rs.2000 banknotes have been returned

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After withdrawal, 97.38% of Rs.2000 banknotes returned to RBI The Reserve Bank of India (RBI) said on Monday that the total value of Rs.2000 banknotes...
The increase comes on the back of a $6.107 billion jump in the preceding week to $604.042 billion
Finance

India’s forex reserves surges to 4-month high of $606.9 bn

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Forex reserves surge: Highest gain since the week concluding on July 14 India's foreign exchange reserves rose by $2.816 billion to hit a four-month high...
RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 percent
Economy

RBI retains repo rate at 6.5%, GDP growth at 7%, inflation...

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RBI keeps key rate unchanged on strong growth, inflation risks As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not...
Reserve position in the IMF expanded by $42 million to $4.83 billion for the week ended November 17
Economy

India’s forex reserves surge by $5 billion in a week

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India’s forex reserves rise by $5.08 billion to $595 billion: RBI data India's foreign exchange reserves increased by $5.077 billion to $595.397 billion for the...
Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd
Banking

RBI imposes fine on 3 Gujarat banks for violating norms

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RBI action taken against the banks is based on deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed monetary penalties on three...
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