Tag Archives: Reserve Bank of India

March 2025 bank holidays: With the financial year drawing to a close, people and businesses typically hasten to finalise their banking activities, including tax submissions, investment decisions and monetary settlements. Whilst many prefer conducting bank visits on Saturdays to avoid workday conflicts, it is essential to verify bank operating hours as per the Reserve Bank of India’s (RBI) schedule. Is …

RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV The Reserve Bank of India (RBI) has declared the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV, which is due for redemption today, March 17, 2025. SGBs were repayable after eight years from the issue date, making the final redemption date March 17, 2025.Final …

NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97 billion, as per the latest data from the Reserve Bank of India (RBI).This marks a strong rebound after months of volatility as the reserves had been declining for nearly four …

India’s foreign exchange reserves saw a significant jump of USD 15.267 billion, reaching a total of USD 653.966 billion during the week ending March 7, marking the largest increase in over two years. This surge follows a decline of USD 1.781 billion in the previous week, which brought reserves down to USD 638.698 billion, news agency PTI reported. The recent …

After a small recovery last week, the Indian equity market is brimming with anticipation as it looks to sustain its upward momentum. The Nifty 50 broke a three-week losing streak, closing nearly 2% higher despite global uncertainties, including the looming threat of trade wars. The rebound was fuelled by positive macroeconomic indicators, a drop in the dollar index, and liquidity …

India’s foreign exchange reserves fell by $1.781 billion in the week ending February 28, bringing the total to $638.698 billion, latest data from the Reserve Bank of India (RBI) revealed.The country’s forex reserves have been on a volatile trajectory, touching an 11-month low after nearly four continuous months of declines. While some weeks have seen gains, others have recorded fresh …

MUMBAI: India’s forex reserves dropped by $1.8 billion to $638.7 billion in the week ended Feb 28, Reserve Bank of India said on Friday. The overall forex kitty had jumped by $4.8 billion to $640.5 billion in the previous reporting week. At the end of Sept 2024, the forex reserves touched an all-time high of $704.9 billion. For the week …

The Indian stock market closed higher on Thursday, driven by strong domestic investor activity and positive global cues. Financial stocks gained after the RBI’s $21 billion liquidity infusion, while energy stocks benefited from lower crude prices. The BSE Sensex rose by 609.86 points (0.83%) to 74,340.09, and the Nifty 50 added 207.40 points (0.93%) to close at 22,544.70.US stocks fell …

RBI’s 2003 regulation granted ‘non-resident Indian’ (NRI) status to overseas students. (AI image) The Reserve Bank of India (RBI) is reportedly examining the utilisation of a two-decade-old foreign exchange regulation that was initially established to assist Indian students studying abroad. Students have been quietly facilitating international money transfers for years, a practice that is now gaining attention.The central bank’s 2003 …

NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per cent from 11.7 per cent in …