Poonam Gupta appointed as Deputy Governor of RBI
AMN Ahead of the Reserve Bank’s Monetary Policy Committee meeting scheduled from 7th to 9th of this month, the government has approved the appointment of Poonam Gupta as the new…
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000…
RBI Commemorates Completion of its 90th year
AMN / WEB DESK The Reserve Bank of India (RBI) celebrated its 90th anniversary today. To recognize this important milestone, an event was organised by the Reserve Bank of India…
RBI plays key role in making India a global leader in digital payments: President Murmu
AMN / MUMBAI The President of India, Mrs Droupadi Murmu today graced the closing ceremony of the commemoration of 90th year of the Reserve Bank of India here. Speaking on…
RBI increases charges on ATM withdrawal beyond stipulated limit
The Reserve Bank has permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by 2 rupees, raising the fee to 23 rupees per transaction from…
Parliament passes Banking Laws Bill, increasing option for nominees to four from one
AMN / NEW DELHI Parliament has passed the Banking Laws (Amendment) Bill 2024 with the Rajya Sabha approving it today. The Lok Sabha has already passed the bill. The bill…
Rupee Rises for 9th Straight Session, Closes at 85.64/USD
In the Forex market, the rupee today strengthened by 34 paise to close at 85 rupees and 64 paise against the US dollar, supported by a positive trend in domestic…
India’s Forex Reserves up by $305 Mn To $654.3 Bn
AMN India’s foreign exchange reserves witnessed an increase of USD 305 million, reaching USD 654.271 billion in the week ending March 14, according to the latest data from the Reserve…
US Federal Reserve holds interest rates steady
US Federal Reserve has kept its benchmark interest rate unchanged in the 4.25 per cent to 4.50 per cent range. The American central bank also indicated that two quarter-point interest-rate…
RBI, BOM sign MoU to promote use of local currencies for cross-border transactions
BIZNAMA The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding to establish a framework promoting the use of local currencies for…