The Indian rupee erased morning losses and trading at day's high at 71.54 per dollar.
Mumbai: The RBI on Tuesday issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, with an aim to encourage innovation and competition.
The Reserve Bank of India (RBI) is on alert after the National Investigation Agency (NIA) found fake currency notes in circulation.
Pandey says it's not fair to say that GST is responsible for the current economic slowdown; contraction in imports and the failure of some sectors to perform well led to a drop in GST collection, he adds.
Leading resource-based manufacturing group Royal Golden Eagle (RGE) has announced plans to invest $200 million over the next 10 years into cellulosic textile fibre research and development.
Mumbai: The Shiv Sena on Tuesday urged the Reserve Bank of India (RBI) to merge the crisis-hit Punjab & Maharashtra Cooperative Bank with a larger public sector or private lender.