Newly appointed RBI Governor Sanjay Malhotra on Wednesday said the central bank will maintain continuity and stability in policy matters with a greater use of technology to promote financial inclusion.
Russia's gold reserves hit a record high of $207.7 billion in October, according to the country's central bank.
Russia's central bank has increased its key interest rate from 18 per cent to 19 percent in an effort to curb inflation, the bank said in a statement on Friday.
The central bank imposed a fine of Rs five lakh each on Godrej Housing Finance and Aadhar Housing Finance, and Rs 3.5 lakh on Housing and Urban Development Corporation.
As the global economy continues to navigate uncertain waters, India finds itself at a crucial juncture, with its central bank steering the ship through turbulent seas.
The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.
From the last two MPCs, the RBI has taken a pause over the interest rate after a prolonged hike of 250 bps since May 2022.
Yemen's government has praised Saudi Arabia for providing "generous support" with a $1.2-billion aid package aimed at bolstering the Yemeni economy.
Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the prefix and the serial number.
"According to the data received from the banks, the total value of Rs 2,000 bank notes received back from circulation after the announcement on May 19 is Rs 2.72 lakh crore up to June 30, 2023," it said.
