Former Reserve Bank of India (RBI) Governor Raghuram Rajan has been selected to serve on an important advisory task force established by the United States Federal Reserve, marking another significant milestone in his distinguished career as one of the world’s leading economists. Along with Rajan, two other eminent Indian-origin economists have also been appointed to...
The Reserve Bank of India (RBI) has taken a significant step toward strengthening its institutional governance by approving a comprehensive governance framework designed to enhance strategic planning, accountability, transparency, and risk oversight within the central bank. The decision was taken during a meeting of the RBI’s Central Board, reflecting the institution’s continued efforts to modernize...
The Indian rupee opened on a weaker note and declined in early trade, slipping by 7 paise to touch 94.58 against the US dollar. The domestic currency reflected subdued sentiment in the foreign exchange market as traders reacted to a mix of global and domestic economic cues. According to market trends observed during early session...
The Indian rupee continued its downward trajectory on Monday, slipping to 94.48 against the U.S. dollar as mounting global currency pressures, investor caution, and broader economic uncertainties weighed heavily on emerging market currencies. The decline reflects ongoing challenges in international financial markets, where a strengthening dollar and shifting capital flows have increased pressure on several...
A viral claim circulating across social media platforms has sparked widespread discussion about the future of India’s currency system, with many users alleging that the Reserve Bank of India (RBI) is preparing to replace traditional paper banknotes with plastic currency. However, a detailed fact-check has revealed that the claim is misleading and lacks official confirmation....
The Indian rupee staged a notable recovery in early trading on Tuesday, appreciating by 20 paise against the US dollar as global market conditions turned more favorable. The domestic currency strengthened to 95.41 against the greenback, reversing a portion of the losses recorded in the previous trading session and offering some relief to investors and...
In a significant policy move aimed at strengthening foreign capital inflows and enhancing the attractiveness of India’s debt market, the central government has announced the removal of capital gains tax and withholding tax on investments made by eligible foreign investors in government securities. The decision comes at a time when policymakers are seeking to reinforce...
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
A viral claim suggesting that the Reserve Bank of India (RBI) sold gold worth nearly $12 billion to protect the country’s foreign exchange reserves has been officially rejected, with authorities clarifying that no such transaction took place. The clarification came after reports and social media posts sparked widespread speculation regarding the central bank’s gold holdings...
The Reserve Bank of India (RBI) has approved a historic surplus transfer of ₹2.87 lakh crore to the Central Government for the financial year 2025–26 (FY26), marking one of the largest dividend payouts in the central bank’s history. The decision is expected to provide a significant boost to the government’s fiscal position amid ongoing budgetary...