The Latest Breaking News from Reserve Bank of India

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions. Read on for details:

Mumbai The Reserve Bank of India (RBI) on Friday hiked repo rate">rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read more on Dynamite News:

India’s central bank has raised its key interest rate to 5.90% and said developing economy were facing slowing growth, elevated food and energy prices, debt distress and currency depreciation

The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Read more on Dynamite News:

While the Indian rupee has continued to hit record lows, editorials by prominent English dailies have differed on the role played by the Reserve Bank of India.

The Reserve Bank of India will have to ensure price stability and prevent further weakening of the rupee 

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

Further, Iyer and Chaturvedi have been re-appointed as a Member of the Northern Local Board and on the Eastern Local Board of the Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders. Read more…