Latest Reserve Bank Of India News

Rupee hits 10-week low; RBI intervenes
Indian rupee hit 10-week low against the US dollar on the back of political indecisiveness that raised doubts on the implementation of reform measures. Moreover, the higher dollar demand from Indian companies put extra pressure on the local currency in …
Read more on Moneycontrol.com

RBI rejected bankers' plea for rate cut in pre-policy meet
The Reserve Bank of India clearly rejected bankers' suggestion to slash policy rate by 25-50 basis points, in its half yearly monetary policy review. Five out of six banks actually wanted the central bank to cut the policy (repo) rate by 25-50 basis …
Read more on Moneycontrol.com

Dr Gokarn re-appointed as RBI Dy Governor
Srinagar, Nov 23: The Government of India has reappointed Dr. Subir Vithal Gokarn as Deputy Governor of the Reserve Bank of India for a further period till December 31, 2012 or till a regular appointment is made or until further orders, whichever is …
Read more on GreaterKashmir.com

RBI asks banks to monitor unhedged forex exposures of companies
Hence, the RBI reiterating its directive has asked banks to implement the norms and submit a compliance or action taken reports to the Reserve Bank before end-December 2012 after obtaining the approval of their board of directors. The central bank is …
Read more on Economic Times

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