Former finance minister P Chidambaram Friday warned the NDA government against laying its hands on RBI reserves, saying it will have “catastrophic” economic consequences for the country.

Laying hands on RBI reserves will have catastrophic economic consequences: P Chidamabaram

Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third of its Rs 9.

Govt to continue pressing RBI for relaxing norms, funds: Sources

The RBI has declined to reveal the cost incurred on shredding banned currency notes worth Rs 15,31,073 crore which returned to banks following demonetisation, an RTI activist said, citing a response from the central bank.

RBI refuses to state how much destruction of banned notes cost: RTI

Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.

Ex-RBI chief Raghuram Rajan defends central bank's call for independence from government

The Central Information Commission (CIC) has issued a show-cause notice to RBI Governor Urjit Patel for "dishonouring" a Supreme Court judgment on disclosure of the wilful defaulters' list.

RBI chief gets show-cause notice for 'dishonouring' SC judgment

With global crude prices remaining elevated, the rupee is likely to be under pressure, and may touch the 76-level against the US currency over the next three months, says a report.

Rupee may touch 76-level against dollar in next 3 months: Report

A speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the institution's reserves.

Why Modi government wants to increase control over the RBI

The Indian government has invoked never-used-before powers under the RBI Act allowing it to issue directions to the central bank governor on matters of public interest, the Economic Times reported on Wednesday.

Government invokes powers to issue directions to RBI governor: Report

The Finance Ministry said Wednesday that both the government and the RBI have to be guided by public interest and the requirements of the economy. It added that "autonomy for the Central Bank within framework of RBI Act is essential and accepted governance requirement.

Both govt & RBI have to be guided by public interest, Finance Ministry says amid reports of row

Indian government officials are very upset with the central bank for publicly talking about a rift with the government, fearing it could tarnish the country's image among investors, senior officials said on Monday.

Government very upset with RBI for making rift public: Sources

What the government giveth, the government taketh. Beginning 1934, the Reserve Bank of India has enjoyed uninterrupted and unquestionable primacy in all things monetary in India.

Rocking the central bank

Pitching for "effective independence", RBI Deputy Governor Viral Acharya Friday said governments that do not respect central bank's independence would sooner or later incur the wrath of financial markets.

A govt that does not respect RBI's independence will incur wrath of markets: RBI Deputy Governor

The Reserve Bank of India on Friday eased lending norms related to certain non-banking finance companies (NBFCs) as liquidity concerns in the sector persist and markets continue to question the viability of some of the firms following the IL&FS debacle.

RBI eases bank lending limits to some non-banking finance

With the RBI data localisation mandate becoming effective as of October 15, the debate on its legality and viability is revived. Reports indicate that whilst most entities subject to regulation by RBI have complied, the larger multinationals, who probably account for the larger quantum of transactions, are still resisting compliance.

RBI data localisation: US flexes cyber muscles

As many as 80 per cent players in the payment industry, including Amazon, Paytm and WhatsApp, have complied with the norms for local storage of data, with RBI's deadline coming to close on Monday, sources said.

Google, WhatsApp must comply with India's data localisation policy, says RBI as deadline ends

Your Story: Foreign firms asked to store Indian data locally

Two US senators have called on Prime Minister Narendra Modi to soften India's stance on data localisation, warning that measures requiring it represent "key trade barriers" between the two nations.

US senators writes to Modi to soften data localisation stance

The US wants to prohibit data localisation to ensure that there is a free flow of information across borders, a senior Trump administration official has said, amidst reports that major American IT companies are up in arms against the latest Indian directive which kicks off next week.

US wants to prohibit data localisation, top trade official says amid looming RBI directive

The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four sources told Reuters, a blow to the firms who had lobbied to dilute the measure.

RBI sticking with plan to force payments firms to store data locally: Report

India's retail inflation likely sped up in September on higher food and fuel costs, pushed up by a battered rupee and suggesting further policy tightening from the Reserve Bank of India, a Reuters poll found.

India inflation likely rose to RBI's four percent target in September: Poll

Every monetary policy meeting gives rise to a debate over whether the RBI should increase interest rates. This time, too, it is not different as the external environment, equity markets, credit markets and the general sentiment are down.

Markets need RBI’s assurance

The continuing downfall of Rupee has led to the Indian currency breaching the 74-mark against US dollar for the first time. The Reserve Bank of India (RBI), in a surprise move, kept the key rates unchanged which many analysts feel is the reason for Rupee's further fall.

Rupee breaches 74-mark for first time as RBI keeps key rates unchanged

The Reserve Bank of India (RBI) held interest rates unchanged at a policy meeting on Friday, sending the rupee tumbling to a record low and stunning analysts who had expected a rate increase to combat inflationary pressures arising from high oil prices.

RBI keeps policy rate unchanged in surprise move

The Reserve Bank of India on Wednesday said it will relax external commercial borrowings (ECB) policy to allow state-run oil marketing companies to raise external debt for working capital purposes.

RBI eases overseas borrowing norms for state-run oil companies

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