RBI restricted American Express and Diners Club from adding new customers from May 1 The Reserve Bank of India (RBI) has restricted American Express and Diners Club International Ltd. from adding new domestic customers from May 1 for not complying with data storage rules. The central bank says its order won’t impactContinue Reading

Paper currently being used for printing of banknotes is made by using 100% cotton We all deal with currency notes on a daily basis and take them by face value, as we believe that we will get the worth of amount which a particular note promises. But how much doContinue Reading

RBI’s economists describe the framework as a forward-looking, calibrated, new-Keynesian gap model The Reserve Bank of India said it has revised its inflation-forecasting model to better capture how fiscal and monetary policy interact with real-economy elements. The adjustments incorporate fiscal-monetary dynamics, India’s unique and often chaotic fuel pricing regime, andContinue Reading

MPC Meet Live Updates: Reserve Bank is likely to keep the repo rates unchanged at four per cent Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Monday, amidContinue Reading

Monetary Policy: At its last policy meet in February, RBI maintained policy rates at pre-existing levels Reserve Bank of India Governor Shaktikanta Das will announce the policy decision on Wednesday, at the end of a scheduled review of the Monetary Policy Committee (MPC) that began on Monday, amid a surgeContinue Reading

The bond market is facing another year of near record supply amid weak appetite for debt India’s monetary policy makers are poised to hold interest rates this week as the economy faces a renewed threat to growth from the pandemic, with new cases hitting a record. All economists surveyed byContinue Reading

The Reserve Bank of India has ordered digital payments firm MobiKwik to probe allegations that data of its 11 crore users was breached, and warned the company it will face fines if lapses are found, a source with direct knowledge of the situation told Reuters. MobiKwik, which is backed byContinue Reading