The Reserve Bank of India (RBI, Hindi: भारतीय रिज़र्व बैंक) is the central banking system of India and controls the monetary policy of the rupee as well as 287.37 billion US-Dollar (2009) currency reserves. The institution was established on 1 April 1935 during the British-Raj in accordance with the provisions of the Reserve Bank of India Act, 1934 [1] and plays an important part in the development strategy of the government.
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By IBTimes IN
The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 49.6445 rupees and the euro 65.7995 rupees. (Feb 10)
MORE TOPICS: INDIA
By IBTimes IN
The Reserve Bank of India (RBI) on Thursdsay fixed the reference rate for the US dollar at 49.2895 rupees and the euro 65.5895 rupees. (Feb 09)
MORE TOPICS: INDIA
By Reuters
The rupee fell on Thursday, weighed by dollar purchases by some state-owned banks, negative local equities and caution over prolonged Greek bailout discussions. (Feb 09)
MORE TOPICS: INDIA
By Reuters
The rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery. (Feb 08)
MORE TOPICS: INDIA
By IBTimes IN
The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 49.0683 rupees and the euro 65.1526 rupees. (Feb 08)
MORE TOPICS: INDIA
By Reuters
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011. (Feb 07)
MORE TOPICS: INDIA, BARCLAYS, MORGAN STANLEY, MANUFACTURING, GDP, RETAIL
By Reuters
Manappuram Finance Ltd (MNFL.NS), which provides loans using gold as collateral, said on Tuesday its board will meet on February 10 to discuss a Reserve Bank of India (RBI) notice that prohibited it from accepting or renewing deposits from the public. (Feb 07)
By Reuters
The Indian economy is estimated to grow 6.9 percent this fiscal year, its slowest pace in three years, the government said, as tight monetary policy and a logjam in government policy making coupled with weak global conditions stifles investment. (Feb 07)
MORE TOPICS: INDIA, INVESTMENT
By IBTimes IN
The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 48.9150 rupees and the euro 64.1188 rupees. (Feb 07)
MORE TOPICS: INDIA
By IBTimes IN
The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 48.6790 rupees and the euro 63.5678 rupees. (Feb 06)
MORE TOPICS: INDIA
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