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The disinflation process in India will be slow and protracted, with the 4% inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.“The cumulative impact of our…

COLOMBO : Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of a International Monetary Fund review of a bailout package in six months, the country's central bank…

SEOUL : South Korea's National Pension Service (NPS), manager of the world's third-largest public pension fund, will collaborate with foreign exchange authorities when needed to help stabilise the market, its chairman told Reuters.…

MUMBAI : Transactions via central bank digital currencies (CBDCs) would remain anonymous "to a certain degree", a top official at the Reserve Bank of India (RBI) said on Wednesday, adding that technology and legal provisions can be…

HANOI : Vietnam's central bank on Tuesday asked commercial banks to provide sufficient loans to fuel importers, as authorities try to avert a fuel supply crunch. The country of 98 million people has faced fuel shortages in recent weeks,…

HANOI : Vietnam's central bank on Monday said it would raise its policy rates by 100 basis points, the second increase in a month, in what it said was an effort to head off inflation risks, maintain stability and protect its banking…

SHANGHAI : A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to…

Nepal is tightening imports of cars, gold and cosmetics as its foreign exchange reserves have fallen, a central bank official said on Monday, after the government suspended the central bank governor and named his deputy the interim chief.A…

Russia's central bank kept its key interest rate at 20% on Friday following an emergency rate increase in late February designed to support financial stability and warned of higher inflation and an economic contraction.The central bank met…

BENGALURU : Shares of Indian digital payments firm Paytm, formally known as One97 Communications, tumbled more than 13per cent on Monday, after the central bank barred the company's payments bank from taking on new customers and ordered…