Rbi News

RBI withdraws ₹2000 note from circulation; exchange facility available till Sept 30

The Reserve Bank of India has decided to stop printing bank notes with the denomination of ₹2000, however they are still apparently considered legal money. Banks have been ordered to stop producing bills worth ₹2000. In November 2016, the ₹2000 denomination banknote was ...
Truck carrying ₹535 crore breaks down while heading to Villupuram

Around 100 police officers were stationed in Tambaram on Wednesday afternoon in response to smoke coming from a container truck. The truck was suspected to be transporting Rs 535 crore from the Reserve Bank of India (RBI) to Villupuram. The containers, accompanied by a group o...
India’s retail inflation falls to an 18-month low of 4.7%

Retail inflation in India fell to an 18-month low of 4.70 per cent in April, according to statistics issued by the National Statistical Office (NSO) on Friday. The consumer price index (CPI) in April stayed below the Reserve Bank of India’s medium-term objective of 4+/- ...

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