In addition to increasing the UPI123Pay limits, the RBI has also enhanced the UPI Lite wallet limit from Rs 2,000 to Rs 5,000. The per-transaction limit for UPI Lite has also been increased from Rs ...

There is a lot of action among leading central banks with the US Federal Reserve and European Central Bank, among others, ...

The repo rate, the short-term lending rate, remains unchanged at 6.5 percent, a level it has held since February 2023.

Reserve Bank Governor Shaktikanta Das on Wednesday used an analogy of a horse, shifting from the elephant, to describe the way the central bank is trying to contain inflation ...

The RBI’s rate-setting panel kept the benchmark repo rate unchanged at 6.5% and changed policy stance to ‘neutral’. FY25 GDP ...

Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions ...

Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees. RBI Governor Shaktikanta Das, while ...

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment ...

With this new stance, many experts believe the central bank is opening the door for potential rate cuts in the near future.

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to ‘neutral’. The monetary ...