The central bank said it will hold open market operations for up to Rs600bn (US$6.93bn) in three tranches of Rs200bn each on January 30, February 13 and February 20 ...

The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local ...

Foreign Businesses can foray into the Indian market without establishing a new and separate legal entity in India by just setting up a Branch Office, Liaison Office, or Project Office as per the ...

More than 300 people spent Monday at the Greater Chicago Food Depository for the MLK Day of Service. "It's really great to ...

Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has cautioned that a higher reliance on wholesale funds to meet ...

A dedicated liquidity window mechanism or emergency lines of credit from financial institutions can go a long way in ...

The Reserve Bank of India (RBI) has introduced a series of regulatory amendments to encourage the use of the Indian Rupee in ...

To promote the use of the Indian Rupee (INR) in trade, the RBI introduced the Special Rupee Vostro Account (SRVA) in July ...

RBI further said Indian exporters will be able ... in INR and local/national currencies follows a review of the FEMA regulations of 1999 undertaken by the Reserve Bank in consultation with the ...

To increase the Indian Rupee ’s global adoption in trade transactions, the Reserve Bank of India ( RBI ) has made sweeping ...

MUMBAI: Non-residents will now be able to open rupee accounts in the overseas branches of India-registered authorized dealer banks and conduct cross-border transactions in rupees as the central ...

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make ...