An RBI circular said a fit note is “a note that is genuine, sufficiently clean to allow its denomination to be readily ascertained and thus suitable for recycling” An RBI circular said a fit note is “a note that is genuine, sufficiently clean to allow its denomination to be readily ascertained and thus suitable for […]
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Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as a “clear danger” and said that anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. Reserve […]
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The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday voted unanimously to increase the policy repo rate by 50 basis points to 4.90%, with immediate effect towards its stance in rolling back the ultra accommodation that was necessitated to deal with the impact of the pandemic. Consequently, the standing deposit […]
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