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Reserve Bank Of India

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HC reserves order on plea challenging RBI decision to withdraw Rs 2,000 notes

HC reserves order on plea challenging RBI decision to withdraw Rs 2,000 notes

The Division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Tuesday reserved the order in the matter after noting down the submissions of petitioner and respondents. The RBI has opposed the plea stating that Rs 2,000 note continues to be legal tender

30 May,2023 04:11 PM IST | New Delhi | ANI
Currency in circulation rose in value, volume during 2022-23: RBI

Currency in circulation rose in value, volume during 2022-23: RBI

The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the Reserve Bank of India annual report released on Tuesday

30 May,2023 03:15 PM IST | New Delhi | PTI
RBI says growth momentum to continue in FY24; stresses on structural reforms

RBI says growth momentum to continue in FY24; stresses on structural reforms

Amidst strong global headwinds, the Indian economy is expected to have recorded a growth of 7.0 per cent in real GDP in 2022-23, an annual report released by the Reserve Bank of India said on Tuesday

30 May,2023 01:28 PM IST | Mumbai | mid-day online correspondent
RBI says India's growth momentum likely to be sustained in 2023-24

RBI says India's growth momentum likely to be sustained in 2023-24

RBI, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth

30 May,2023 11:56 AM IST | Mumbai | PTI
Delhi HC dismisses PIL against RBI allowing exchange of Rs 2,000 note without ID

Delhi HC dismisses PIL against RBI allowing exchange of Rs 2,000 note without ID

Earlier, appearing for RBI, Senior Advocate Parag Tripathi opposed the plea and said it's a statutory exercise and not a demonetisation

29 May,2023 11:44 AM IST | New Delhi | ANI
‘Process of Rs 2,000 notes withdrawal will be non-disruptive’

‘Process of Rs 2,000 notes withdrawal will be non-disruptive’

The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management and permitted the exchange of Rs 2,000 currency notes up to R 20,000 in one go from Tuesday onwards

25 May,2023 08:21 AM IST | New Delhi | Agencies
'Next print of inflation likely to be lower than 4.7%; no room for complacency'

'Next print of inflation likely to be lower than 4.7%; no room for complacency'

The retail inflation rate dropped to an 18-month low of 4.7 percent in April, primarily due to a decline in food prices. Addressing members of the Confederation of Indian Industry (CII), Das acknowledged the moderation in inflation and expressed optimism about the next reading being even lower

24 May,2023 03:10 PM IST | Mumbai | mid-day online correspondent
Common Mumbaikars at the fore on Day 1 of Rs 2,000 note phase-out

Common Mumbaikars at the fore on Day 1 of Rs 2,000 note phase-out

Minor arguments and confusion aside, it was regular folk who queued up in bank branches to turn in their big notes of small amounts in various places in the city

24 May,2023 07:19 AM IST | Mumbai | Team mid-day

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