MUMBAI: The Reserve Bank of India (RBI) has clarified that individuals undertaking forex transactions of a personal nature are not covered by the new Fema reporting requirements and that the central bank will soon issue an FAQs to clarify the prevailing confusion. The new FEMA trade regulations cam»»»

Reserves have fallen to $734.6 billion in the week ended October 2, the fourth consecutive week of fall and down from a recent peak of $785.71 billion reported on September 4, ‌according to a footnote to governor Sanjay Malhotra's monetary policy statement on Wednesday. The latest reserve numbers w»»»

MUMBAI: India's central bank raised its benchmark interest rate by 25 basis points to 5.50 percent on Wednesday, marking its first increase in more than three years as it seeks to rein in inflation and support the weakened rupee. The Reserve Bank of India (RBI) approved the increase unanimously thr»»»

Retail inflation rose to 4.82% in August, the third straight month that headline inflation breached the Reserve Bank of India’s medium-term target of 4%. (Reuters pic) MUMBAI: India’s central bank hiked interest rates for the first time in more than three years on Wednesday as the Middle East confl»»»

MUMBAI, Oct 7 — India’s central bank hiked interest rates for the first time in more than three years today as the Middle East conflict stokes inflation in Asia’s third-largest economy and batters a weakened rupee. The Reserve Bank of India (RBI) said the benchmark repurchase rate, the level at whi»»»