Recently, India and Russia decided to halt talks on reviving the Soviet-era rupee-ruble currency exchange mechanism after both sides failed to resolve teething troubles that hindered its successful ...

The Indian government has introduced the “Smart Rupee System” to enhance financial transparency and accountability. Under this system, every rupee sent by the government — whether as subsidies, ...

MUMBAI, Feb 21 (Reuters) - India's central bank will need to inject at least another 1 trillion rupees ($11.54 billion) into the banking system by March-end as durable liquidity remains in a deficit ...

The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as a surprise that in recent months the RBI has been talking up the internationalization ...

MUMBAI, Nov 4 (Reuters) - The Reserve Bank of India's aggressive dollar sales to defend the rupee are draining liquidity from the banking system, prompting calls for bond purchases to ease the strain, ...