Page-3 of RBI

RBI norms for import of Gold

May 28, 2022

The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services ..

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RBI surplus transfer to government – Update (May, 2022)

May 24, 2022

The Reserve Bank of India (RBI) board recently approved the transfer of ₹30,307 crores to the central government for the financial year 2021-22. This is the lowest dividend in ten years. The huge investments of RBI in reverse repo operations ..

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RBI: Cardless cash withdrawal facilities at all ATMs

May 23, 2022

The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) across all ATMs in the country. How does this ..

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Record Fall of Indian Rupee

May 11, 2022

On May 9th Indian Rupee fell to its all-time low against the US Dollar, closing at 77.50 per USD. Why did the value of the Indian Rupee fall? Due to rising inflation, US Federal Reserve increased the interest rate. This ..

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RBI Monetary Policy Committee Announcements – Update (May, 2022)

May 5, 2022

Recently, the Monetary Policy Committee (MPC) held an unscheduled meeting and made some important announcements. What are the announcements? The MPC unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to ..

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New Member of Monetary Policy Committee (MPC)

May 5, 2022

The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by ..

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