RBI's

A step closer to internationalization of the rupee

The Reserve Bank of India has approved the opening of 60 special rupee Vostro accounts in 18 countries The Indian rupee is now edging closer to becoming an international currency with more and more countries working to de-dollars global trade. Several nations have now expressed interest in facilitating international trade...

India’s retail inflation again breaches RBI’s comfort zone

Retail inflation in India again exceeded the Reserve Bank of India's upper tolerance zone in January 2023, with the Consumer Price Index standing at 6.52 percent, according to official figures released on Monday.In rural and urban India, retail inflation was 6.85 percent and 6.00 percent, respectively. Cereals and goods, eggs,...