RBI Proposes New Rules on Unauthorised Electronic Banking Transactions

By on    BUSINESS  

RBI Proposes New Rules on Unauthorised Electronic Banking Transactions

A surge in digital payments has brought convenience to millions of Indian users. It has also increased the risk of fraud. The Reserve Bank of India, the country’s central banking authority, has proposed revised rules to limit customer liability in unauthorised electronic banking transactions. The draft framework, released for public consultation on March 6, 2026, […]

India’s Forex Reserves Decline Slightly But Stay Above $700 Billion

By on    GENERAL  

India’s Forex Reserves Decline Slightly But Stay Above $700 Billion

India’s foreign exchange reserves remained above $700 billion for the second straight week, according to data from the Reserve Bank of India (RBI) released on Friday. As of October 4, the reserves stood at $701.18 billion, marking a decline of $3.71 billion from the previous week. India’s forex reserves, which are at an all-time high, […]