RBI

The RBI has made a few changes in the 50 rupee note and here are five things you should know about the 50 rupee currency note.

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, government data released on Monday showed.

The latest data for March shows the inflation rate to be 2.86 per cent. The average inflation during the last fiscal year which ended in March is about 3.5 per cent. This has been a remarkable success story, the credit for which should go jointly to the Reserve Bank of India and the NDA government.

It was a mock security drill during which an attack on the lines of 26/11 Mumbai terror strike was simulated, officials said. A little past 11 am, an Air Force helicopter started hovering over the building. It appeared to be too close for comfort, said an eye-witness.

As part of the mock drill, the security establishment created a “hostage situation” where people had to be evacuated from a particular floor in the RBI building

RBI is going to launch a new series of coins worth rupees 25,000 crores along with a twenty-rupee coin which is one of its kind.

The last quarter of 2018 saw an increase in fixed deposit interest rates, due to factors such as an increase in loan to deposit ratio, falling value of Indian rupee and the rising crude prices.

The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular sometime in the next few days, against the February 12 circular quashed by the Supreme Court.

The Supreme Court recently quashed the February 12,2018 circular of the RBI. The circular had enjoined on banks to recognize defaults by borrowers of Rs 2,000 crores.

As widely expected, the RBI yet again cut the key interest rate by 25 basis points or 0.25 per cent to make it six per cent. A similar cut was administered last February.