On March 27, 2017 09:47 (IST)
Deutsche Bank AG estimates that foreign direct investment touched $37.4 billion April-January, on track to exceed the previous fiscal year's about $45 billion, with signs of recovery in the economy.
On March 20, 2017 11:12 (IST)
The rupee has gained about 2 per cent to a 16-month high in March after PM Modi's landslide state election win, outperforming its Asian peers and all but five of the world's emerging-market currencies.
On February 22, 2017 11:40 (IST)
The RBI deputy governor said it's not clear if so many public sector banks were needed and the system will be better off if they are consolidated into fewer but healthier banks.
On February 17, 2017 15:58 (IST)
Benefits of unprecedented decision to cancel 86 percent of currency in circulation will take time to fully play out and need more work to ensure they're lasting, he said.
On February 08, 2017 15:41 (IST)
India's central bank signaled that its interest-rate easing cycle is coming to an end after unexpectedly leaving borrowing costs unchanged for a second straight meeting while citing sticky inflation.
On January 20, 2017 12:04 (IST)
Viral Acharya will take a seat on the India's newly formed Monetary Policy Committee, which has in the past two meetings voted unanimously to cut interest rates in October and then to hold rates in December.
On January 21, 2017 15:59 (IST)
Indians withdrew about 600 billion rupees ($9 billion) more than the 9.1 trillion rupees of currency in circulation as of Jan. 13, according to a report submitted by the Reserve Bank of India to a parliamentary panel on Wednesday.
On January 13, 2017 12:11 (IST)
The Reserve Bank of India recommended the move, which was accepted by the cabinet and announced by PM Modi on Nov. 8, Power Minister Piyush Goyal told parliament in November.
On January 09, 2017 08:37 (IST)
However, the numbers don't consider data from November onward, when PM Modi shocked the nation by banning high-value bank notes, Chief Statistician TCA Anant said at a subsequent briefing in New Delhi.
On January 06, 2017 11:27 (IST)
India's gross domestic product will grow 6.8 percent in the year through March, according to the median of 15 estimates in a Bloomberg survey of economists, with the Statistics Office's forecast due at 5:30 p.m. today.
On December 29, 2016 12:20 (IST)
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
On November 23, 2016 11:27 (IST)
Described as the world's most sweeping currency policy change in decades, the step has earned the government both admiration for its boldness and criticism for its execution.