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Major concerns about crypto currencies conveyed to govt: RBI governor

Read more about Major concerns about crypto currencies conveyed to govt: RBI governor on Business Standard. This comes after RBI s circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers ....

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RBI maintains status quo on interest rates

RBI maintains status quo on interest rates
ANI |
Updated: Jun 04, 2021 10:18 IST
Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday held key interest rates and maintained an accommodative stance amid uncertainty over the economic impact of the COVID-19 pandemic s second wave.
The announcement came after a three-day meeting of its Monetary Policy Committee (MPC).
The RBI has kept repo rate the central bank s lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.
The second Covid wave has raised uncertainty around economic outlook and pushed potential policy normalisation further into the future. ....

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Expecting Economic Recovery From July, COVID-19 To Not Impact Fiscal Deficit Target: Chief Economic Advisor

The economy contracted by a record 7.3 per cent in the financial year 2020-21 due to COVID-19, registering its worst pace in over four decades. according to government data ....

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Understanding RBI's latest stand on cryptocurrency and what it means for investors

Understanding RBI s latest stand on cryptocurrency and what it means for investors
The Reserve Bank of India has no option but to allow cryptocurrencies after the Supreme Court lifted the banking ban last year on March 4, 2020.
Cryptocurrency players urge the government against the ban and seek engagement to build consensus on crypto regulation (Image Source: IANS)
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Updated: Jun 1, 2021, 07:38 PM IST
The Reserve Bank of India (RBI) on Monday came out with an important clarification on cryptocurrencies saying that the banks cannot refer to its April 2018 circular to caution their customers against trading in cryptocurrencies.
The RBI clarification comes after the State Bank of India and HDFC Bank cautioned their customers against dealing in virtual currencies such as Bitcoin citing the April 2018 order of the RBI. Banks also warned customers that failure to adhere to the advisory may lead to cancellation or suspension of t ....

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India Q4 GDP Data Preview: India's GDP Growth Likely To Improve In March Quarter? What Analysts Predict

Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.' ....

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