The Reserve Bank of India, in a notification, said that banks can raise funds overseas above 50% of their Tier I capital with a minimum maturity of 3...
Oil Marketing Companies (OMCs) are not content with RBI’s currency swap facility through which it sells and buys dollars from OMCs as part of its measures to control...
RBI has notified norms for currency swap window. As per the notification, the swap facility will be available to scheduled commercial banks for fresh Foreign Currency Non-Resident Bank...
In a bid to attract capital flows, the RBI relaxed the External Commercial Borrowing (ECB) norms by permitting companies to use funds raised from their foreign equity holder...
In a notification issued by the Reserve Bank of India, banks have been asked to avail the electronic Know Your Customer, e-KYC service, launched by the Unique Identification...
Raghuram Rajan becomes 23rd RBI Governor Noted economist Raghuram Rajan became the new RBI Governor as he took charge from the outgoing Governor D Subbarao. Rajan has been an Economics...
Curiosity to take pictures of solar eclipse Mars rover Curiosity took pictures of the planet’s moon, Phobos, eclipsing the sun. NASA’s Curiosity rover landed on the red planet in...
The RBI stated in its annual report that the Non-Deliverable Forwards (NDF) markets are exerting more pressure on the onshore currency market, especially when rupee is under stress....
The Reserve Bank of India eased the rules governing portfolio investments such as equity and debt by Non-Resident Indians (NRIs) to pull in foreign currency. Under the Portfolio...
RBI took a few measures to ease liquidity including Rs 8,000 crore bond buyback, to ensure adequate credit flow to the productive sectors of the economy to counter...
