MUMBAI, Aug 7: The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India’s near-five year low economic growth pace.
MUMBAI, Dec 10: Reserve Bank of India Governor Urjit Patel resigned for “personal reasons” on Monday, decision analysts linked to intense pressure on the central bank from the government to ease regulatory curbs.
KATHMANDU, March 2: A two-member team of Reserve Bank of India (RBI) has held discussions with the officials of Nepal Rastra Bank (NRB) and representatives of commercial banks on a range of technical issues on providing exchange facility for demonetized Indian banknotes of 1,000 and 500 denominations in Nepal.
KATHMANDU, Feb 28: A team of Reserve Bank of India (RBI) -- the central monetary authority of India -- is arriving Nepal on Tuesday to hold discussion on management of demonetized Indian banknotes that Nepali bank and financial institutions (BFIs) and general public possess.
KATHMANDU, Jan 16: India has reportedly shown concern over the possibility of Indian nationals coming to Nepal to get their demonetized banknotes exchanged as the deadline in India for such facility has already expired.
The Reserve Bank of India tightened cash deposit rules on Monday, just days before the demonetisation deadline, saying individuals can bank over 5,000 rupees ($73.83) of old notes only once until December 30 if they provide a satisfactory reason.
The Reserve Bank of India was spotted intervening in the foreign exchange market after the rupee fell to as low as 68.8350 per dollar on Thursday, on the verge of surpassing its previous record low of 68.85 in August 2013, traders said.