Banks in India can soon settle transactions in the US dollars, euros and pound sterling with the Real Time Gross Settlement System (RTGS). The Reserve Bank of India (RBI) Governor Shaktikanta Das has…
After the success story of the Unified Payments Interface (UPI), the Reserve Bank of India (RBI) has announced a new venture — the Unified Lending Interface (ULI), which aims to provide “frictionless…
The country’s forex reserves touched a record high of USD 675 billion on August 2, Reserve Bank Governor Shaktikanta Das said on Thursday.
The previous all-time high for the kitty was USD 670.857…
The Reserve Bank of India (RBI), for the eighth consecutive time, on Friday kept repo rate unchanged at 6.5 per cent. However, the 4:2 split in the Monetary Policy Committee (MPC) has led some…