Reserve Bank of India

During a panel at the Hong Kong Monetary Authority-Bank for International Settlements event, Singapore's central bank leader Ravi Menon, forecasted a decline in private cryptocurrencies that don't meet essential financial service standards. "Private digital coins have miserably failed...

The Supreme Court of India dismissed a petition seeking governmental guidelines for cryptocurrency trading and mining, citing misuse of constitutional provisions for personal legal relief. The petition, filed by Manu Prashant Wig against the Union of India and others, aimed to compel the government...

Amid the anticipation of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, India is poised to evaluate and determine its stance on cryptocurrencies after assessing the consensus of global leaders on an agreeable crypto regulatory framework. After the G20, or Group of...

The Indian rupee is expected to continue its decline following the release of the U.S. Federal Reserve’s June meeting minutes, which indicated the likelihood of more rate hikes this year, Reuters reports. Impact of Fed’s Decision Non-deliverable forwards suggest the rupee will open at...

India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging...

Reliance Retail, one of the largest retail chains in India, announced plans to accept the digital rupee at all its properties, following the company's successful rollout of support for the digital rupee at its Freshpik gourmet store line, TechCrunch reported. What Happened: The...

On CNBC, Sonal Varma of Nomura said the Reserve Bank of India is expected to announce a "final" 25 basis point rate increase in February due to "elevated core inflation." India’s central bank has aggressively increased interest rates since May, and a rate hike...

The Reserve Bank of India, the Indian central bank, hiked the repo rate by 50 basis points to 5.4% as the Monetary Policy Committee agreed on the withdrawal of accommodation so that inflation remains within the target going forward while supporting growth. RBI Governor Shaktikanta Das stated that...

The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country’s trade deficit widened to a record $31 billion. The figure sparked concerns among traders about how India will fund its current account deficit (CAD). What Happened: Government...

Internet & Mobile Association of India (IMAI), a body representing the interests of Indian crypto investors, said that it has no plans to file a legal challenge against the Indian central bank after it restricted the use of UPI for crypto exchanges. What Happened: Earlier, Coinbase Global...

American cryptocurrency exchange platform Coinbase Global Inc's (NASDAQ: COIN) chief blamed India's central bank for putting "informal pressure" weeks after it halted trading service in the country. What Happened: The crypto exchange's CEO Brian Armstrong on the company...

When it comes to interest rates, U.S. investors focus on the Federal Reserve, but the Fed is far from the only central bank that has recently trimmed borrowing costs. Plenty of emerging markets central banks, including the Reserve Bank of India, have been joining the rate cut fun. What Happened On...

Already among the best-performing single-country emerging markets exchange-traded funds this year, India ETFs could be further supported by the improving health of the country's big banks. The WisdomTree India Earnings Fund (ETF) (NYSE: EPI), one of the largest India ETFs trading in the U.S.,...

Demonetization. That is what the Indian government is calling the almost complete, overnight elimination of cash in one of the world’s top 10 economies and most populated countries. But Why? On November 8, Prime Minister Narendra Modi surprised a huge part India’s population when he...