RBI

Indias Forex Reserves Hit Record High of $723.77 Billion

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Mumbai, February 6: India’s foreign exchange reserves surged by $14.361 billion, reaching an all-time high of $723.774 billion for the week ending January 30. This information was released on Friday by the Reserve Bank of India (RBI). In the previous week, the reserves had increased by $8.053 billion. The rise in foreign exchange reserves is … Read more

RBI Proposes Loan Facility for REITs to Boost Real Estate Sector

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Mumbai, February 6: The Governor of the Reserve Bank of India, Sanjay Malhotra, announced on Friday that the central bank has proposed allowing commercial banks to extend loans to Real Estate Investment Trusts (REITs). However, this proposal is subject to prudent security measures. Malhotra stated that this initiative is being taken because a robust regulatory … Read more