The Government today said the Reserve bank of India is ensuring that it buys enough gold to maintain an adequate reservoir and not just a ‘basket’ of currencies. Replying to…
Over 54 crore bank accounts have been opened in the country till January this year under PM Jan Dhan Yojana. In a written reply in the Lok Sabha, Finance Minister…
The Reserve Bank of India has decided to reduce the policy repo rate to 6.25 per cent from 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will be…
In the Forex market, the rupee today depreciated by 11 paise to settle at a record low of 87 rupees and 57 paise against the US dollar as rising odds…
Reserve Bank of India has informed that the total value of 2000 rupee banknotes in circulation dropped to 6,577 crore rupees as of 31st of last month. In a statement,…
The digital payment transactions in the country have gone up to over 18,000 crore rupees last financial year, registering an annual growth rate of 44 per cent. In a written…
AMN The digital payment transactions in the country have gone up to over 18,000 crore rupees last financial year, registering an annual growth rate of 44 per cent. In a…
The Budget announcement of zero tax for earnings up to 12 lakh rupees per annum and the rejig of tax slabs across the board should prompt more than 90 per…
The Reserve Bank of India has published the Payment System Report, December 2024. The report analyses the trends in payment transactions carried out using various payment systems in India during…
On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct certain operations to inject liquidity into the banking system. As per the bank’s press…
