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RBI stance on rates to support export growth as early Feb trend shows 28 51 pc growth

Reserve Bank of India Governor Shaktikanta Das Monetary Policy Statement on maintaining the status quo in key rates to support exports and manufacturing comes opportunely as early trends of the country s exports in February indicate shipments grew by 28.51 per cent to USD 8.67 billion during 1-7 February 2022, boosted by a healthy growth in sectors such as petroleum, engineering and gems and jewellery.

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RBI increases cap on e-RUPI vouchers to Rs 1 lakh, permits multiple-usage

The e-RUPI prepaid digital voucher is a person-specific and purpose-specific cashless voucher with a cap of Rs 10,000 and single time redemption facility.

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RBI Keeps Repo Rate Unchanged at 4%; To Continue with Accommodative Stance as Long as Necessary

The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to keep policy rates unchanged in its February review.

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