Reserve Bank of India


India to consider digital currency use

India to consider digital currency use

(ATF) India would like to be a digital economy powerhouse that embraces emerging technologies and uses them to boost economic activity. With that goal in mind, the Reserve Bank of India on Monday said it is exploring the possibility of a digital version of the rupee.The Reserve Bank (RBI) said …

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RBI invites fintechs to test cross-border payment apps

RBI invites fintech for live testing of cross-border payments

(ATF) India's central bank, the Reserve Bank of India (RBI) has announced cross-border payments as the next theme for its effort to promote innovation and financial inclusion. As part of what it has dubbed the second cohort of a regulatory sandbox, the RBI invited banks, fintech and technology companies to …

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RBI delivers a rate policy encore

RBI does a policy rate encore

(ATF) The Reserve Bank of India kept policy rates on hold again in the December monetary policy it announced on Friday and broadly stuck to its October guidance of maintaining an “accommodative” stance to support growth amid persistently high inflation, and after a better-than-expected reading on economic growth.The central bank …

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India's economy, officially in recession, claws its way back

India's economy, officially in recession, claws its way back

(ATF) India's economy officially entered a technical recession with two consecutive quarters of negative growth, but with a slower pace of contraction, is recovering faster than expected.This momentum is also expected to continue, say analysts, while some are also seeing the country returning to growth as soon as the next …

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