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RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

No RBI nominee should be on banks' boards, says Urjit Patel

The central bank is discussing the matter of RBI nominee director with the Finance Ministry.

12 Jun 2018 7:33 PM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.

RBI sets rupee reference rate at 67.4571 against dollar

The exchange rates for the pound and the yen against the rupee were 90.0620 and 61.10 per 100 yens, respectively.

12 Jun 2018 3:44 PM IST

In issues like pensions and ration, MDOs and civil supplies officers are being targeted by RTG personnel. (Representational image)

Govt mulls raising pension limit to up to Rs 10,000 per month under...

PFRDA added about 50 lakh new subscribers under the scheme in 2017-18.

12 Jun 2018 2:32 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI Governor Urjit Patel appears before parliamentary panel

The panel has summoned Patel to discuss various issues including the amount of cash returned post demonetisation.

12 Jun 2018 1:36 PM IST

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

Reserve Bank of India releases June 2018 issue of monthly bulletin

The Bulletin includes Second Bi-monthly Monetary Policy Statement for the Year 2018-19.

12 Jun 2018 1:14 PM IST

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

Reserve Bank of India turns net seller of US dollar in April

In FY18, the apex had net purchased USD 33.689 billion from the spot market.

11 Jun 2018 7:40 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Urjit Patel likely to appear before parliamentary panel tomorrow

Patel is scheduled to appear before the Parliament's Standing Committee on Finance headed by Congress leader Veerappa...

11 Jun 2018 7:20 PM IST

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

RBI to raise USD 30-35 bn via NRI bonds to support rupee: report

FPI inflows to India will be impacted by Chinese firms listing in global benchmark indicies like MSCI.

11 Jun 2018 3:40 PM IST

According to depository data FPIs infused a net sum of Rs 9,628 crore in equities.

Over 1,300 new FPIs register with Sebi in FY18

The number of FPIs with the markets regulator climbed to 9,136 at the end of March this year from 7,807 a year ago.

11 Jun 2018 2:27 PM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:23 AM IST

ATMs in cities of Uttar Pradesh, Bihar, Andhra Pradesh, Maharashtra and poll-bound Karnataka were either not operating or showed no cash signs, reminiscent of post-demonetisation scene.

ATMs run dry ahead of Id-ul-Fitr in Hyderabad

MBT leader Amjedullah Khan said that the RBI should immediately understand the problem and replenish the ATMs with cash.

11 Jun 2018 1:07 AM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB expects Rs 8,000 crore recovery from NPAs this month

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the...

10 Jun 2018 7:40 PM IST