Search Results for: Reserve Bank of India
European Central Bank and Reserve Bank of India sign a Memorandum of Understanding on cooperation
January 13th, 2015
Mario Draghi, President of the European Central Bank (ECB), and Raghuram Rajan, Governor of the Reserve Bank of India (RBI), today signed a Memorandum of Understanding on cooperation in the field of central banking. The Memorandum of Understanding provides ...
Doubling down on failed policies with central bank digital currencies
August 27th, 2020
Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While there is an element of feeling the ...
India pulls the plug on Cryptos
April 11th, 2018
As bitcoin and its thousand or so cousins evolve from novelty to threat, the existing monetary system is reacting pretty much as evil empires tend to, with coercion and co-optation. This week it’s India: India cracks down on bitcoin ...
Yen heads for worst weekly loss while the euro was slightly lower; Central Banks Meet
August 25th, 2017
Yellen, Draghi to take center stage at Jackson Hole gathering Yen heads for worst weekly loss in two months; oil below $48 Asian stocks were mixed, with gauges in Japan rising, and Australian bonds fell as investors await comments ...
Bitcoin to gain legal status in India, reports local media
April 21st, 2017
A televised news report from CNBC India on 20th April reveals that the Indian government is leaning toward granting legality to bitcoin and virtual currencies in the country amid regulations with taxes to be levied on adopters. Last week, ...
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
Yen climbs after the nation’s central bank move
February 8th, 2017
Yen climbs, Oil Slumps Before India Rates Decision Japan currency reverses loss as BOJ offers to buy bonds Energy shares decline as crude falls for third straight day The yen rose after the nation’s central bank offered to buy ...
Asian Stocks Advance as Banks Rally; Dollar Mixed: Markets Wrap
February 6th, 2017
U.S. jobs data show hiring increase with weaker earnings gains S&P 500 closed within 1 point of all-time high on Friday Asian stocks advanced after the Trump administration’s plan to roll back financial regulations sparked a rally in global bank ...
Bitcoin Prices in India Soar Amid Demonetization Drive
November 15th, 2016
Prime Minister Narendra Modi’s decision to combat the underground economy is a blessing in disguise for companies working in the cashless space, which includes mobile wallets, card companies and even bitcoin. Bitcoin, the eight-year old virtual currency, has been gaining ...
Indian payments industry set for rapid changes
June 30th, 2016
Initiatives such as Jan Dhan Yojana, Aadhaar and mobile technology are giving a boost to banking and payments The amount of cash in circulation in India is estimated at around 18% of the country’s gross domestic product (GDP), making ...
