A bench of Chief Justice D N Patel and Justice Prateek Jalan had said that since the RBI has imposed withdrawal restrictions on the Punjab and Maharashtra Cooperative (PMC) Bank, the central bank should have been the one taking the decision on allowing disbursals on hardship grounds., , PMC Bank, Reserve Bank of India (RBI), COVID-19
Updated: Jan 2, 2021, 04:36 PM IST
Even as the market touched all-time high in the last week of December 2020, India s foreign exchange reserves declined by USD 290 million to USD 580.841 billion in the week ended December 25, RBI data showed.
In the previous week to December 18, the reserves had surged by USD 2.563 billion to a lifetime high of USD 581.131 billion.
However, in the week ended December 25, there was a decline in reserves due to a fall in foreign currency assets (FCA), a major component of the overall reserves
FCA slipped by USD 253 million to USD 537.474 billion, the Reserve Bank of India s (RBI) weekly data showed.
RBI to conduct simultaneous sale-purchase of govt securities on Jan 7 ANI | Updated: Jan 01, 2021 11:42 IST
The decision was taken after a review of current liquidity and financial conditions, the RBI said in a statement.
Eligible participants should submit their bids in electronic format on RBI s core banking solution (E-Kuber) system between 10 and 11 am on January 7.
The result will be announced on the same day and successful participants should ensure availability of the requisite amount of securities in their current account or subsidiary general ledger (SGL) account by noon on January 8.
With the heightening of Covid-19 pandemic risks, certain financial market segments have been experiencing a tightening of financial conditions as reflected in the hardening of yields and widening of spreads.
Economy recovering faster than expected: RBI ANI | Updated: Dec 24, 2020 15:38 IST
Mumbai (Maharashtra) [India], December 24 (ANI): The Indian economy is recovering faster than expected and may post positive growth in the third quarter of current financial year, the Reserve Bank of India (RBI) said on Thursday in its report on state of the economy. Indian economy is pulling out of COVID-19 s deep abyss and is reflating at a pace that beats most predictions, said the report.
Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing activity. Financial conditions embodied in interest rates are perhaps at their easiest in decades.
Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. The contraction narrowed down to 7.5 per cent in the second quarter., , Economy Recovering, Reserve Bank of India (RBI), COVID-19 Pandemic