Monetary Policy Committee calls for caution on future rate hikes

Arguments for 'wait and watch' on future interest rate increases are gathering pace among members of the Monetary Policy Committee as past increases ripple through the system, but Reserve Bank…

Continue ReadingMonetary Policy Committee calls for caution on future rate hikes

Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top officials of the RBI have told a parliamentary panel, according to…

Continue ReadingCryptos can lead to dollarisation of economy: RBI officials to parliamentary panel

Discussions on with RBI over digital currency: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after…

Continue ReadingDiscussions on with RBI over digital currency: Nirmala Sitharaman