MUMBAI: Clients will soon be able to transfer funds via real-time gross settlement (RTGS) which will be available 24 hours a day in the coming days, Reserve Bank of India (RBI) Governor Shaktikanta said on Friday. You give. “The RTGS system will soon go 24/7 in the next few days …
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Maintaining the status quo for the third time in a row, the Reserve Bank of India decided on Friday to keep the benchmark interest rate unchanged at 4%, but maintained an accommodative stance, implying further rate cuts to come. if the need arises to support the economy hit by the …
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The Reserve Bank of India’s Monetary Policy Committee voted on Friday to keep key rates unchanged and maintained an accommodative stance, Governor Shaktikanta Das announced. With this repurchase rate it remains at 4.0% while the reverse repurchase rate remains at 3.35% The development comes amid signs of recovery in the …
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On Wednesday, the central government appointed M. Rajeshwar Rao as deputy governor of the Reserve Bank of India, it said in a notification. He is currently the CEO of RBI. The Union’s Cabinet Appointments Committee has approved the appointment, the notification said. Rao succeeds NS Vishwanathan as fourth deputy governor. …
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India’s government injected more uncertainty into the economy this week by failing to act in time to appoint members of the central bank panel that decides interest rates. The Reserve Bank of India postponed its three-day interest rate meeting that was due to start on Tuesday, giving no reason or …
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