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Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Shaktikanta Das assumes charge as RBI Governor

Finance Minister Arun Jaitley termed Das as a person with -"right credentials-" for the RBI top job.

12 Dec 2018 12:34 PM IST

Born: February 26, 1955 Hometown: Odisha, India

Shaktikanta is new RBI Guvernor

The last IAS officer to head the RBI was D. Subbarao, who demitted office in September 2013.

12 Dec 2018 2:35 AM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI remains net seller of US dollar in Oct; sells USD 7.2 billion

Central bank purchased USD 945 million, while sold USD 8.149 billion in the spot market, according to the data.

11 Dec 2018 6:23 PM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

'RBI not dependent on one individual': NITI Aayog on Urjit Patel exit

The functioning of the central bank is not dependent on any particular individual, says Rajiv Kumar.

11 Dec 2018 12:22 PM IST

RBI Governor Urjit Patel

Urjit Patel's resignation comes at a sensitive time, to dampen...

Governor's departure is likely to push 10-year INR yields back above 7.6 per cent in a knee-jerk sell-off.

11 Dec 2018 10:58 AM IST

The excise cuts will reduce the government revenue by 105 billion (about $1.4 billion) or 0.05 per cent of GDP for the remainder of fiscal 2018, which ends in March 2019, said Moodys.

Moody's puts India on alert

On Sunday, IMF's chief economist Maurice Obstfeld said the Indian government must heed the RBI's message on financial...

11 Dec 2018 12:27 AM IST

Ex-Reserve Bank governor Raghuram Rajan

Urjit Patel's resignation is sign of protest: Raghuram Rajan

He said that resignation is the only act that they have in their reservoir when faced with circumstances they cant deal...

11 Dec 2018 12:25 AM IST

RBI Governor Urjit Patel

On warpath with Centre, Urjit Patel quits RBI

The move shows RBI did not agree with FinMin view.

11 Dec 2018 12:23 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Important for Indian govt to heed RBI's message on financial...

Central bank does have to be intimately concerned with financial stability to some degree and with the payment system.

10 Dec 2018 2:22 PM IST

HCL Tech to buy 7 IBM software for $1.8 billion

HCL Tech to buy 7 IBM software for $1.8 billion

The fall knocked some $1.5 billion off the market value of the company chaired by India's sixth-richest person Shiv...

8 Dec 2018 1:34 AM IST

New study claims wealthcan

Total individual wealth to touch Rs 518L-crore by FY23

Other notable assets which saw good growth include mutual funds and alternative investments.

7 Dec 2018 1:47 AM IST

The 30-share BSE Sensex had opened higher in the morning at 31,299.52. (Photo: PTI)

Sensex dips on trade tension

The weakness in the equities also impacted the sentiments in the forex market with rupee again breaching the 71 level...

7 Dec 2018 1:42 AM IST