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Reserve Bank of India

India Started Trade With Tanzania In Local Currencies, Says Indian EAM Jaishankar

Trade settlements between India and Tanzania have been recently taking place in local currencies, said Indian External Affairs Minister S Jaishankar on Saturday. He added that...

India: Opposition Slams Government’s Decision To Scrap Rs 2000 Currency Notes

India will stop issuing 2000-rupee note, presently the highest currency note in the country, according to its central bank, Reserve Bank Of India, on...

India: RBI Has Allowed Banks From 18 Countries Including Mauritius To Trade In INR

According to the Indian government, the Reserve Bank of India (RBI) has allowed banks from 18 different nations to establish Special Vostro Rupee Accounts...

India & Singapore Launch Real-Time Payment Link To Make Money Transfer Easier

To make cross-border money transfers easier, India and Singapore launched on Tuesday a real-time link, an important move for the South Asian country that...

India: RBI Directs SBM Bank (India) Ltd To Stop Outward Remittance Transactions

The Reserve Bank of India (RBI) has directed SBM Bank (India) to end all transactions under the liberalized remittance scheme (LRS) until further notice....

Moscow Exchange Aiming To Launch Trade In Rupee, Dirham: Official

A Moscow exchange official said on Thursday that the Exchange is working on a plan to launch trading in the Indian rupee but there...

India: It’s Time For Digital Currency To Counter Crypto

The world seems to be moving toward digital currency. And, the Reserve Bank of India is already considering a phased introduction of its own...
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