Sunday, May 27, 2012 5:28 PM EDT
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.
By IBTimes
India’s rupee recovered slightly Thursday following the rebound seen in Asian markets led by positive data from Japan and the US. (May 17)
By IBTimes IN
The rupee on Wednesday closed at a record low of 54.49 against the U.S. dollar, prompting calls for quick government measures to curb volatility. (May 16)
By IBTimes
The Indian rupee rebounded on Tuesday after Reserve Bank of India's (RBI) intervention and profit booking by foreign banks, and gained 20 paise. (May 15)
By IBTimes
Despite RBI's desperate efforts to prop it up, rupee declined by 18 paise to reach 53.60 against dollar in the late morning trade on Friday. However, rupee stabilized in the later sessions at 53.54/55 before closing at 53.45 and India's industrial production surprisingly declined by 3. (May 11)
MORE TOPICS: MANUFACTURING, FIXED-INCOME, INDIA, INVESTMENT
By IBTimes
Josh Hamilton has been one of the best players in baseball since entering the majors in 2007. Now, he wants to be paid like one. (May 09)
By IBTimes
Kevin Youkilis has been a staple in the Red Sox lineup since they won the World Series in 2004. However, that soon may change. (May 09)
By IBTimes
Hamilton went 5-for-5 in the game with four home runs. (May 09)
By IBTimes
Here is a video of each of Josh Hamilton's four home runs. (May 09)
By IBTimes
The sharp decline in the Indian rupee coupled with strong demand for the dollar forced the Reserve Bank of India (RBI) to intervene and announce measures to ease the pressure on of the rupee. (May 05)
MORE TOPICS: HSBC, INDIA, INVESTMENT, TAX LAW
By IBTimes
Indian Rupee dropped to four-months-low of 53.83 at midsession before closing at 53.41/42 against dollar on Thursday, despite Reserve Bank of India's's suspected interventions. Rupee has been continuing its steady fall and the analytics ar... (May 04)
