‘Day of reckoning’: Amid friction with govt, all eyes now on RBI board meeting tomorrow
NEW DELHI: Amid an ongoing rift between the Union government and the central bank, all eyes will be on the board meeting of the Reserve Bank of India (RBI) on Monday. Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team over issues ranging from liquidity for […]
RBI: Foreign currency assets decline $19 billion in 3 months
MUMBAI: India’s foreign currency assets fell by around $19 billion since April this year in the wake of capital outflows and intervention by the Reserve Bank of India to arrest the decline in the rupee’s value against the dollar. During the week ended June 29, foreign currency assets, a major component of the overall reserves, […]
15 months after demonetisation, RBI still processing returned notes
NEW DELHI: The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an “expedited manner”, the central bank said. “Specific bank notes are being processed for their […]
