India’s foreign exchange reserves plummeted to $532.66 billion for the ninth straight week ending on September 30. This is the lowest level since July 24, 2020 as per Reserve Bank of India’s (RBI) weekly statistical supplement. Forex reserves of Asia’s Third largest economy fell by $4.85 billion as per data released by RBI. This decline … Read more
The Reserve Bank of India on October 7 said that it will soon commence pilot launch of digital rupee for specific use cases. RBI also launched a ‘concept note’ on Central Bank Digital Currency (CBDC) for India to create awareness about CBDC in general and the features of this digital currency in particular. India’s CBDC … Read more
RBI Monetary Policy Highlights: Repo rate up 50 bps to 5.9% and growth forecast down to 7% for 2022-23. RBI Monetary Policy Meeting Highlights: RBI Governor Shaktikanta Das announced that the monetary policy committee (MPC) hiked the repo rate by 50 bps to 5.90% and added that inflation is expected to remain elevated at around 6 per … Read more
What is RBI one time restructuring policy for loans? How to apply for Loan restructuring due to Covid19 impact? RBI One Time Restructuring on Covid19 Relief of loan explained All loans, such as Personal loans, Business, can be restructured as per RBI’s new decision framework window. The Reserve Bank of India (RBI) is came out … Read more