[ The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion … Read more
[ New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash deposits. The new announcements were made by Shaktikanta Das as a part of RBI’s monetary policy statement.The two new UPI features allow users … Read more
[ NEW DELHI: RBI governor Shaktikanta Das on Monday said lower govt borrowings than the market estimates will free more capital for the private sector, resulting in easing of inflation and bolstering growth.He also backed govt’s focus on capex, arguing that it is a GDP multiplier, as it creates a multiplier effect of 1.2-1.4 times. … Read more
