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Since withdrawal, 98% of 2,000 notes have been returned: RBI

The Reserve Bank of India reported that 98% of ₹2,000 notes have been returned since their withdrawal announcement in May 2023.

The RBI announced that 98% of <span class='webrupee'>₹</span>2,000 notes have been returned since May 2023, with their total value dropping to <span class='webrupee'>₹</span>7,117 crore. These notes can still be exchanged at RBI offices.(AFP)
Published on Oct 01, 2024 08:40 PM IST
PTI |

Will RBI announce rate cut on August 8? What experts expect from MPC meet

The repo rate has been maintained at 6.5 per cent since it was last increased in February 2023.

RBI MPC: A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.(Reuters)
Updated on Aug 06, 2024 03:00 PM IST

RBI Floating Rate Savings Bonds may offer 8.05% interest from July 1: Details

RBI Floating Rate Savings Bonds: The interest rate is linked to the National Savings Certificate (NSC)- small savings scheme backed by the Union government.

RBI Floating Rate Savings Bonds: NSC's interest rate is reviewed every quarter and when the interest rate of NSC goes up, interest rate of RBI Floating Rate Savings Bonds also rises.(Representational)
Published on Apr 10, 2024 03:53 PM IST

RBI to allow investment, trading of Sovereign Green Bonds at IFSC, Gujarat

Based on an announcement in the Union Budget for 2022-23, the government issued Sovereign Green Bonds (SGrBs) in January 2023.

A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.(Reuters)
Published on Apr 05, 2024 12:09 PM IST
PTI |

RBI Monetary Policy decision: From repo rate to inflation, 5 things to look for

RBI MPC April 2024: The repo rate is the rate at which the central bank lends short-term funds to banks. It currently stands at 6.5 per cent.

RBI MPC April 2024: The repo rate refers to the rate at which commercial banks borrow money by selling their securities to RBI.
Updated on Apr 05, 2024 07:49 AM IST
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