RBI Governor Updates Public on Planned Polymer Currency Notes
The Story in Brief The Indian government is preparing to introduce polymer, or plastic, currency notes, according to India TV News. However, the notes are not expected to become available
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RBI to Let FCNR Deposit Window Close on 30 September
The Story in Brief The Reserve Bank of India will not close or extend its special FCNR(B) deposit window before its 30 September deadline, Governor Sanjay Malhotra said. He said
Proposal May Allow MDR Charges on Some UPI Payments
The Story in Brief UPI payments have so far been free for users. The government has introduced an amendment to the Payment and Settlement Systems Act, 2007, which would remove
RBI Governor Says India’s Economy Can Withstand External Shocks
The Story in Brief RBI Governor Sanjay Malhotra said India’s macroeconomic fundamentals remain very strong after facing disruptions including the COVID-19 pandemic, the Russia-Ukraine war, conflicts in West Asia and
RBI Plans Common Rules for Loan Interest Pricing
The Story in Brief The Reserve Bank of India plans to standardise how regulated lenders calculate and disclose loan interest rates. Governor Sanjay Malhotra said the move aims to improve
Sensex Gains Over 200 Points as Markets Close Higher
The Story in Brief Indian equity benchmarks ended higher on Thursday, with the Sensex rising over 200 points to above 78,785 and the Nifty gaining more than 11 points to
RBI Holds Repo Rate at 5.25% as Inflation Risks Persist
The Story in Brief The Reserve Bank of India kept its repo rate at 5.25% for the fourth consecutive meeting and retained a neutral stance. It raised its FY27 growth
