Official sources said that, spread over 18.55 acres, the new facility will serve as a secondary backup data centre to the RBI’s primary facility in Navi Mumbai (Kharghar)
The Reserve Bank of India is navigating severe economic headwinds marked by a depreciating rupee, volatile oil prices, rising inflation, and declining foreign investments, all of which threaten the nation's financial stability and rural economy
Domestic demand buoys International Monetary Fund’s India GDP projections in the latest World Economic Outlook but the numbers are conditional: Here is why
Starting October 12, the RBI says it will meet the entire daily dollar requirements of Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation
While commercial real estate is likely unaffected, retail property may see cautious developer sentiment and potential project deferrals, say market watchers
The Monetary Policy Report October 2026 revealed that the inflation was primarily driven by global energy shocks, domestic weather disruptions including El Niño and monsoon deficit, and rising crude oil prices
Banks will be allowed to offer differential interest rates on bulk deposits (₹3 crore and above) based on asset risk assessment
Despite the RBI's efforts, VRRR auctions have seen tepid bank participation which can lead to a potential rate hike during its next monetary policy review
Bank shares experienced a significant boost on Thursday, driven by a substantial forex inflow into India, primarily through the Reserve Bank of India's Foreign Currency Non-Resident (bank) (FCNR(B)) scheme
With India's vast population and geographical spread, the scale of currency management is immense, involving the planning, production, distribution, and refresh of approximately 176 billion rupee banknotes in cicrculation today
The Reserve Bank of India has advanced the closure of the Foreign Currency Non-Resident (bank) (FCNR (B)) scheme to August 30
News of the RBI proposal weeks ago had already sparked concerns about how the field trials would impact the paper-based notes currently in existence