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RBI Scrutinises Banks Over Unwinding of Rupee Arbitrage Positions

The Reserve Bank of India is closely examining how banks unwound their rupee arbitrage positions, following concerns over market practices

The Reserve Bank of India (RBI) has stepped in to stabilise the rupee amid rising pressure from foreign portfolio investor

India’s remarkable digital transformation has been driven by innovative financial technologies and a vision for an inclusive, cashless economy. Two

The pilot project for central bank digital currency (CBDC) in the retail segment went live with the Reserve Bank of

The Centre amended the foreign trade policy (FTP) to enable traders to claim export benefits even if payment is settled

On the lines of an arrangement being worked out with Russia, India is in talks with Sri Lanka, the Maldives

Indian banks are weighing the risk of opening correspondent banking relations with Russian banks, including ones that have a presence

The commerce ministry allowed invoicing, payment and settlement of exports and imports in Indian rupee, a move aimed at facilitating

The Reserve Bank of India (RBI) cancelled the license of Rupee Co-operative Bank Ltd in Pune. According to a press

Rupee Cooperative Bank will cease to exist as a bank from September 22. Many of high value depositors are senior