The Reserve Bank of India has recently flagged a troubling trend ~ rising asymmetries in the shortterm money market rates that threaten the effectiveness of monetary policy transmission.
The Central Bank of India marked its 114th Foundation Day on 21 December with celebrations held across the country.
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.
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.
The Central Bank of Sri Lanka said that the country's economy plagued by the worst-ever crisis since independence that has plagued the island nation since early 2022, is expected to recover gradually from the second half of this year.
According to Russia's central bank, crude oil exports accounted for Euro113 billion in 2021, on top of the Euro70 billion earned from refined products, such as gasoline and diesel.
Raising interest ordinarily stifle interest in the economy, accordingly assisting inflation decline. The three- day monetary policy committee financial approach council meeting initiated on Wednesday.
