IMF reclassifies India’s exchange rate as ‘crawl-like’, signals greater flexibility
In its latest policy assessment released Wednesday, the International Monetary Fund shifted India’s “de facto” exchange rate classification…
IMF’s big move: India’s forex framework reclassified; move comes amid rupee weakness
India’s exchange rate framework came under renewed global scrutiny on Wednesday after the International Monetary Fund reclassified the…
ECB advances TIPS and fast payments interlinking initiative
The European Central Bank (ECB) Governing Council has agreed to move forward with efforts to connect the Eurosystem’s…
ECB, RBI agree to start initial phase of interlinking domestic payment systems
(Reuters) -The central banks of India and the European Union have agreed to start the initial phase of…
India Bans Crypto Talk at World’s Largest Fintech Summit—And That Silence Says Everything About Its Market Strategy
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India central banks heavy hand returns to support rupee in replay of February defence
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -The Reserve Bank of India intervened heavily in the currency…
RBI moots $1 billion cap, wider eligibility, easing fund usage
The new draft proposals, issued late Friday night, mark a decisive shift from rigid ceilings toward a more…
One of the world’s most liquid market just got hotter
By allowing them to finance M&A, a bigger portion of the IPOs, and to sell structured finance products,…
India central bank announces raft of changes for bank lending, capital
MUMBAI (Reuters) -The Indian central bank on Wednesday said it would allow banks to lend for acquisitions while…
Urjit Patel’s IMF Appointment: A Redemption Story for India’s Global Role
The IMF’s role is most eminently suited for economist-administrators. It works with countries in their economic crises—fiscal, monetary,…
India’s forex reserves rise $3.5 billion: RBI reports higher gold holdings; IMF reserve position also improves
India’s forex reserve surges India’s foreign exchange reserves rose by $3.51 billion, reaching $694.23 billion for the week…
Former Indian central bank governor Urjit Patel appointed IMF executive director
(Reuters) -Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International…