Real Effective Exchange Rate of Rupee spikes in November
The Reserve Bank of India (RBI) in its report highlighted that the Real Effective Exchange Rate (REER) of the Indian Rupee increased to 108.14 in November 2024 from 107.20 in October 2024.
The Reserve Bank of India (RBI) in its report highlighted that the Real Effective Exchange Rate (REER) of the Indian Rupee increased to 108.14 in November 2024 from 107.20 in October 2024.
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
In a significant move to support the agricultural sector and address rising input costs, the Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans, including loans for allied activities.
India's forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ending December 6.
Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said the Monetary Policy Committee (MPC) has decided to keep the policy rate unchanged for the eighth time in a row at 6.5 per cent.
This follows the RBI's announcement, detailed in a Press Release from May 19, 2023, about the withdrawal of these high-value notes from circulation.
There is a section under the Insolvency and Bankruptcy Code (IBC), specifically meant to keep out such promoters, the Deputy Governor said at the conference on governance in ARCs held early this month, the full version of which was published by RBI on Friday.
the balance sheet was Rs 63.44 trillion a year ago. Further, the balance sheet increased to 24.1% of the gross domestic product (GDP) at end-March 2024, from 23.5% at end-March 2023.
The Reserve Bank of India (RBI) on Wednesday imposed business restrictions with immediate effect on two Edelweiss Group firms -- ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited, citing material supervisory concerns.
