India's wholesale inflation in January remained steady at 2.31% year-on-year, from 2.37% in December, government data showed on Friday, on moderation in food and fuel prices.
India’s government extended the term of Chief Economic Adviser V. Anantha Nageswaran by two years, ruling him out as a possible contender to take the post of central bank deputy governor.
India has implemented new authentication requirements for Goods and Services Tax (GST) registration, mandating Aadhaar verification or biometric authentication to enhance security and prevent fraudulent registrations.
The Reserve Bank of India's three-year dollar-rupee swap is expected to attract significant interest from companies seeking to hedge long-duration dollar liabilities and from lenders looking to raise rupee funds,
The Reserve Bank of India has partially reversed tighter rules for bank loans to small borrowers and non-bank lenders, according to two separate circulars issued on Tuesday.
The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits,
India's inflation is seen aligning with the target of 4%, which opens up space for monetary policy to address concerns on the growth front, members of the rate-setting committee said in the minutes of the latest meeting released on Friday.
India's central bank will need to inject at least another 1 trillion rupees ($11.54 billion) into the banking system by March-end as durable liquidity remains in a deficit despite a recent cash infusion,
India’s central bank did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation’s banking system.
The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special withdrawals for personal and medical emergencies, two sources familiar with the matter said on Thursday.
India’s economy has recovered its lost momentum and consumption demand may improve on the back of moderating inflation and tax relief, the Reserve Bank of India said in its monthly bulletin.
India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the central bank suspended withdrawals from New India Co-operative Bank over supervisory concerns.