Rbi Latest News

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  RBI Directs Banks To Activate Frozen Accounts With Special Campaigns

  The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free.

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  RBI To Conduct Nation-Wide Quiz For Undergraduate Students, Check Details

  RBI Quiz: RBI aims at generating engagement with the student community as part of the 90 years celebration.

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  Number Of New Jobs More Than Doubles To 46.6 Million In 2023-24: RBI Data

  As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India.

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  RBI Keeps Key Lending Rate Unchanged, Says Inflation Moving Closer To Targets

  The Reserve Bank of India (RBI) today kept its key lending rate unchanged at 6.5% for the seventh consecutive time.

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  At USD 642.29 Billion, India's Foreign Exchange Reserves Hit All-Time High

  India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI).

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  1,000 Accounts, 1 PAN: How Paytm Payments Bank Came Under RBI's Radar

  Hundreds of accounts created on Paytm Payments Bank without proper identification were one of the major reasons for the Reserve Bank of India to impose stringent curbs on the company.

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  Paytm Payments Bank Can't Offer Services, Including Wallet, After Feb 29: RBI

  The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - like FASTags - linked to those accounts, after Feb 29.

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  No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule

  Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.

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  Delhi Court Dismisses Request Challenging Exchange Of Rs 2,000 Notes Without ID

  2,000 Notes Withdrawn: The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof.

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  Monetary Policy At Work, Substantial Disinflation Achieved: RBI

  Monetary policy is at work. Substantial disinflation has been achieved, but the road to be travelled stretches ahead till inflation declines to the target of 4 per cent, said an article published in RBI's latest Bulletin.

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  India's Forex Kitty Drops By USD 2.39 Billion To USD 560 Billion: RBI

  The country's forex reserves fell by USD 2.39 billion to a three-month low of USD 560.003 billion for the week to March 10, the Reserve Bank said in its latest weekly data release.

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  RBI Cuts GDP Growth Projection To 6.8% For FY23

  Despite the downward revision in the economic growth projection, India will remain among the fastest growing major economies in the world, said RBI Governor Shaktikanta Das while announcing the latest bi-monthly monetary policy.

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  Reserve Bank Of India Sold Net $10.36 Billion In Spot Forex Market In September

  The Reserve Bank of India (RBI) sold a net of $10.36 billion in the spot foreign exchange market in September, the central bank said in its latest monthly bulletin released today.

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  RBI Repo Rate: Loans To Get Costlier As RBI Hikes Key Lending Rate To 3-Year High

  RBI Repo Rate Hike: RBI's latest rate hike will weigh on already stretched household budgets as loans will get more expensive.

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  RBI Hikes Rates To 3-Year-High Of 5.9%, Cites "Bleak" Global Outlook

  The Reserve Bank of India hiked its key lending rate by 50 basis points to 5.90 per cent.