New Delhi: The Reserve Bank of India (RBI) is preparing to usher in a new chapter in the country’s currency management by introducing India’s first polymer (plastic) currency notes at the beginning of Financial Year 2028 (FY28). The initial pilot programme will feature Rs 10 and Rs 20 denominations, marking the country’s first large-scale trial … Read more
Defying an increasingly uncertain global economic environment, the Reserve Bank of India (RBI) has expressed renewed confidence in the country’s growth story by raising its GDP growth projection for FY2026-27 to 6.7% from the earlier estimate of 6.6%. The upward revision underscores the central bank’s belief that India’s domestic economy remains resilient despite mounting global … Read more
The Reserve Bank of India(RBI) has commenced its crucial three-day Monetary Policy Committee (MPC) meeting on Monday, with economists, financial institutions, and market participants widely expecting the central bank to maintain the benchmark repo rate at its current level while continuing with a cautious and data-driven monetary policy stance. The policy decision, scheduled to be … Read more