Reserve Bank of India Currency

India Cuts Interest Rates For 1st Time Since 2020

India central bank cuts rates for the first time in nearly five years to boost slowing growth

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank set the real GDP growth forecast at 6.

Reuters · 18h

India cuts rates for first time in nearly 5 years to boost growth as inflation eases

The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.

BBC on MSN · 20h

India cuts interest rates for the first time in five years

India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third largest economy. The Reserve Bank of India (RBI) reduced its repo rate from 6.5% to 6.25%, in line with the expectations of many economists.

22h

India's forex reserves rise for second consecutive week

India's foreign exchange reserves rose for a second straight week and stood at $630.6 billion as of January 31, the Reserve ...

The Financial Express6h

Banks from 30 countries open accounts with Indian banks for local currency trade

Regulations were revised to enable cross border transactions in all foreign currencies - including local currencies of ...

14h

India bolsters rupee trade: RBI gives nod for 156 vostro accounts with 26 banks for partner nations

A Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account ...

20h

RBI’s Rate Cut: Will Foreign Investors See India As A More Attractive Market?

Following significant tax benefits in Budget 2025, the monetary policy committee (MPC), led by Sanjay Malhotra, unanimously ...

India West1d

Rupee Drops, Becomes Worst Performing Asian Currency In 2025

Indian rupee hit a record low on February 6, declining to 87.5825 against the U.S. dollar, as market concerns over U.S. trade ...

Currency in circulation up 2.5% this fiscal

The Reserve Bank of India (RBI) has reported that currency in circulation was flat on the week to stand at Rs 36 lakh crore as on January 31, 2025. The central bank stated further that the overall ...

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