Forex reserves decline $902 mn to $474.66 bn

The country’s foreign exchange reserves declined by $902 million to $474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest…

Covid-19: RBI asks staff to work from home

As the coronavirus infection spreads faster and deeper into the country, the Reserve Bank has allowed majority of its staff across its centres to work from home while ensuring unhindered…

Current account deficit narrows to $1.4bn

The country’s current account deficit (CAD) narrowed sharply to $1.4 billion, or 0.2 per cent of GDP (gross domestic product), for the December 2019 quarter, the Reserve Bank of India…

Should RBI get search, surveillance powers?

The recent problems in the financial sector, including the latest action against Yes Bank, have triggered discussions in official circles over the need to provide surveillance and search powers to…

Depositors’ money safe: FM on Yes Bank crisis

A day after the Reserve Bank of India (RBI) placed cash-strapped Yes Bank under moratorium, Union finance minister Nirmala Sithraman on Friday assured that the government is in constant touch…

Sensex up 480 pts as RBI steps in to calm markets

After seven consecutive sessions of losses, equity indices on Tuesday rose sharply after Reserve Bank of India (RBI) said it is closely monitoring global as well as domestic situation regarding…

Govt will meet fiscal deficit targets: RBI guv

Throwing his weight behind finance minister Nirmala Sitharaman’s Budget numbers, Reserve Bank of India (RBI) governor Shaktikanta Das said that there is no reason to doubt that the government will…