The Reserve Bank of India (RBI) on 29 December launched the twenty sixth problem of the Financial Stability Report (FSR) and stated that with the worldwide economic system dealing with bold headwinds with recessionary dangers looming large, India is faced with robust worldwide headwinds. The vital financial institution introduced that the interaction of a couple […]
Next Financial Crisis Will Come From Cryptocurrencies: RBI Governor Maintains Hard Stance
Reserve Bank of India (RBI) governor Shaktikanta Das has always been a vocal opponent of cryptocurrencies, speaking out in public about the threat it poses to India’s financial stability on several occasions. The central bank chief continues to maintain a hard stance against the crypto sector, going on to say that if private cryptocurrencies are […]
RBI’s proposed digital rupee: 10 things to know
After setting up a working group to study the possibility of a Central Bank Digital Currency( CBDC) in India in 2020, the RBI released a conception note on digital rupee(e-rupee) on 7th October 2022. The Government of India had also blazoned the launch of a CBDC in its 2022 Union Budget. According to the RBI […]