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RBI keeps ‘Repo rate’ unchanged at 6 per cent

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) has kept the short-term lending rate, also known as repo rate, unchanged at 6 per cent in its fifth bi-monthly monetary policy review for the year 2017-18 today. The…

99% of Scrapped Notes Back in System: RBI

KalingaTV News Network Bhubaneswar: The Reserve Bank of India (RBI) on Wednesday revealed in its annual report that Rs 15.28 lakh crore, or 99 per cent of the Rs 15.44 lakh crore in higher denomination currency that was rendered invalid…

RBI launches new Rs 200 notes

KalingaTV News Network Mumbai:  In a first of its kind, the Reserve Bank of India (RBI) on Friday launched the new 200 rupee denomination banknotes, bearing signature of the Governor Dr. Urjit R. Patel. The note was issued from select…

RBI cuts Repo Rate by 25 basis points to 6%

KalingaTV News Network Mumbai: In its 3rd bi-monthly monetary policy decision of FY 2017-18, the Reserve Bank of India (RBI) on Wednesday  reduced the Repo Rate under the Liquidity Adjustment Facility by 25 basis points from 6.25 percent…