RBI cut repo rate in Feb. Why did it take so long for banks to reduce interest rates?
The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to ...
India's foreign exchange reserves rise to over three-month high
India's foreign exchange reserves rose by $300 million to a more than three-month high of $654.27 billion as of March 14, data released by the central bank on Friday showed.
Businessworld7d
RBI Forex Reserves Surge By $15 Bn In A Week
The last significant rise was in November 2022, when reserves increased by USD 14.7 billion. Economists attributed the surge to a weaker dollar index and the RBI’s foreign exchange interventions.
Moneylife9d
IndusInd Bank: RBI Expands Investigation into Derivative Exposures Following Discrepancies
The Reserve Bank of India (RBI) has widened its investigation into derivative exposures of multiple private and state-run ...