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Forex reserves dips by $1.68 bn to $369.6 bn in week to Sep 16

Sep 23, 2016

Forex reserves dips by $1.68 bn to $369.6 bn in week to Sep 16

The reserves had touched a record high of $371.279 billion after it increased by $3.513 billion in the previous week #RBI #IMF #forex reserves #Gold reserves #Foreign currency assets
Monetary policy committee: Ravindra Dholakia of IIM-A among 3 members appointed

Sep 22, 2016

Monetary policy committee: Ravindra Dholakia of IIM-A among 3 members appointed

Government today named Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics director Pami Dua and Ravindra H Dholakia of IIM-Ahmedabad as members on interest-rate setting Monetary Policy Committee. #RBI #Interest rates #NewsTracker #Monetary Policy Committee #MPC
Current account deficit narrows to $300 million in Q1 on massive import contraction

Sep 21, 2016

Current account deficit narrows to $300 million in Q1 on massive import contraction

The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said today. #RBI #NewsTracker #Current Account Deficit #exports #imports #Trade Deficit #Balance of payments #CAD #Q1 #Apr-Jun quarter #services receipts
Jaitley bats for rate cut, hopes RBI will look at falling inflation level

Sep 16, 2016

Jaitley bats for rate cut, hopes RBI will look at falling inflation level

Last month, RBI maintained status quo on key rates citing upside risks to 5 percent inflation target for March 2017 #Inflation #RBI #Rate cut #Finance Minister Arun Jaitley #MPC
Memo to Nirmala Sitharaman: Let rupee devaluation die as rumour, it's a disaster recipe for Modi govt

Sep 16, 2016

Memo to Nirmala Sitharaman: Let rupee devaluation die as rumour, it's a disaster recipe for Modi govt

Instead of looking at short-cuts, the Modi government should work with exporters towards improving the quality of Indian goods in the international trade market #Dollar #RBI #Nirmala Sitharaman #commerce ministry #Shaktikanta Das #rupee devaluation #China yuan #forex intervention
Zakir Naik's NGO banned from receiving foreign funds directly

Sep 09, 2016

Zakir Naik's NGO banned from receiving foreign funds directly

Controversial preacher Zakir Naik's NGO Islamic Research Foundation has been banned from receiving foreign funds directly and the Home Ministry has asked RBI to seek prior permission from it before releasing any money to the NGO. #RBI #Bangladesh #NewsTracker #Home Ministry #foreign funds #NGO #FCRA #Zakir Naik #Peace TV #Islamic Research Foundation
SIT asks RBI to share black money data with govt agencies

Sep 05, 2016

SIT asks RBI to share black money data with govt agencies

The SIT feels that the data can be shared only by having one agency such as Central Economic Intelligence Bureau (CEIB) or any other agency, as a data warehouse. #RBI #Reserve Bank of India #SIT #Indian Economy #FEMA #Illicit financial flows #Central Economic Intelligence Bureau #foreign exchange transaction #Revenue Intelligence #Exports Outstandng #EDPMS #enforcement agencies #PAN number
New RBI governor Urjit Patel seen taking charge on Tuesday

Sep 05, 2016

New RBI governor Urjit Patel seen taking charge on Tuesday

It was Dr. Patel who scripted a new framework for fighting price rise, which earned him the informal title of ‘inflation warrior.’ #RBI #Reserve Bank of India #Raghuram Rajan #RBI Governor #Urjit Patel #AQR