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The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

RBI sets rupee reference rate at 64.9884 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar and 79.5133...

6 April 2018 2:01 PM IST

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Govt preparing action plan to recover revenues from likes of Mallya

CBDT has formed a committee to study these cases and prepare an action plan.

6 April 2018 12:40 PM IST

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

RBI directs payment operators to keep data within India

RBI said, will be given six months to make the necessary transition.

6 April 2018 11:52 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Reduction in inflation forecast for FY19 makes RBI policy eventful

RBI credit policy was in line with market expectation in terms of maintaining status quo on policy rates.

6 April 2018 11:39 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI lets rates unchanged, forecasts lower inflation

â€œOn balance, we decided to remain watchful about the unfolding of these risks as well as the impact on inflation of...

6 April 2018 12:31 AM IST

RBI governor Urjit Patel and deputy governors in Mumbai. (Photo: AP)

RBI explores India's digicoin, banks told to reject bitcoins

Digital currency may save on printing, distribution costs of notes.

6 April 2018 12:24 AM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

RBI cracks down on digital currencies; plans own cryptocurrency

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.

5 April 2018 6:21 PM IST

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

US dollar ends sharply cheaper against rupee

Pound sterling also finished lower at 91.25/27 per pound.

5 April 2018 6:11 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

5 April 2018 5:50 PM IST

The Reserve Bank on Thursday lowered retail inflation target for the first half of current fiscal to 4.7-5.1 per cent on sharp moderation in food price rise and likelihood of a normal monsoon.

RBI lowers inflation target for first half of FY19 to 4.7-5.1 per cent

RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

5 April 2018 3:35 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

RBI maintains status quo; keeps repo rate unchanged at 6 per cent

The Reserve Bank of India on Thursday kept the key policy rate unchanged.

5 April 2018 3:09 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI keeps key policy rate unchanged at 6 per cent

Growth has been recovering and output gap is closing.

5 April 2018 2:45 PM IST