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Latest Articles in central bank

RBI Launches 'MANI' App To Help Visually Challenged Persons To Identify Denomination Of Notes

The app is capable of identifying the denominations of Mahatma Gandhi Series and Mahatma Gandhi (New) series banknote by checking front or reverse side or part of the note including half folded notes.

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RBI Saw Slowdown, Acted Ahead Of Time By Cutting Interest Rates From Feb: Das

In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

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Reserve Bank Keeps Benchmark Interest Rate Unchanged At 5.15 Per Cent

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

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RBI Becomes Net Buyer Of Dollars In Sept, Bought $ 5.61 Billion

RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.

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PMC Depositors Gather Outside RBI Delhi, Demand Assurance From Central Bank

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

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RBI Increases Banks' Loan Exposure Limit To Single NBFC

"It has been decided that a bank's exposure to a single NBFC (excluding gold loan companies) will be restricted to 20 per cent of that bank's eligible capital base," the central bank said in a circular.

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China Will Deepen Regional Financial Reforms, Lower Funding Costs

Chinese policymakers have pledged to maintain support for the slowing economy and prod banks to lend more to small and private firms that are vital for growth and employment.

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Imminent Revolution – Cryptocurrency, Branded Money And Erosion Of National Sovereignty

Projects such as Maker and Basis are attempts to achieve precisely this - creating crypto-currencies that can be accepted as if they were "real dollars” and are exchangeable for Fed-dollars on a one-to-one basis. 

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Jalan Panel Report On Transfer Of Central Bank Funds To Be Submitted To RBI 'Very Soon'

The reserve panel has suggested transfer of funds from RBI in tranches over 3-5 years, the source said. It was not immediately clear how much money the RBI will transfer to the government.

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RBI Retains GDP Projection For Current Fiscal At 7.4%

India's economic growth fell to 7.1% in the second quarter of the current fiscal, from 8.2 per cent

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RBI Imposes Rs 59 Cr Fine On ICICI Bank For Violating Securities Sale Norms

"The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of Rs 589 million on ICICI Bank Limited for non-compliance with directions issued on direct sale of securities from its HTM (held-to-maturity) portfolio and specified disclosure in this regard," stated Central Bank

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Euro Zone Business Remained Strong As Prices Rise Sharply - PMI

Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong even though firms increased prices at the steepest rate in over six years.

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Incoming New Zealand Government To Review Central Bank Objectives

New Zealand's new government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target, Labour Prime Minister-elect Jacinda Ardern said on Tuesday.

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Rising Inflation May Dampen Rate Cut Hopes: Morgan Stanley

The RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks. The rate cut was the first in 10 months and brought policy rates to a near 7-year low

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Once 'Fragile' India Gets Thumbs Up Even As Rates Set To Fall

Rather than being concerned at India's falling policy rate premium over the United States, foreign investors are giving the country's markets the thumbs up.

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