Tag Archives: Reserve Bank of India

Bank Holidays: RBI issues a comprehensive state and region-specific holiday calendar annually. Bank holidays January 2025: Banks across India observe closures during national and regional holidays, with variations by state. While many bank customers prefer conducting banking activities on Saturdays, it is important to note that banks remain closed on second and fourth Saturdays, alongside Sundays.The Reserve Bank of India …

Rupee is likely to experience slight depreciation in 2025, driven by volatile foreign portfolio investor (FPI) flows and a potentially stronger US dollar, as per a Bank of Baroda report. Despite a 2.8 per cent depreciation in 2024, INR outperformed several global currencies, aided by the Reserve Bank of India’s (RBI) active forex market interventions to manage fluctuations.India’s foreign exchange …

NEW DELHI: The Reserve Bank of India (RBI) announced on Wednesday that 98.12 percent of the Rs 2,000 banknotes withdrawn from circulation have been returned to the banking system.The apex bank revealed that as of December 31, 2024, only Rs 6,691 crore worth of Rs 2,000 notes remain with the public, marking a sharp decline from the total value of …

MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields have been on an uptrend …