The Central Banking London in a release said that the two initiatives have been key to this work. Sarthi, meaning 'charioteer in Hindi, digitised all the RBI's internal workflows.

How to Calculate the Repo Rate? The interest rates that commercial banks pay to the RBI or get when they put money in the RBI must be agreed upon and standardised. The repo rate is key to keeping ...

RBI's approach may aim to minimize the impact on rupee liquidity while keeping currency volatility in check. At the same time, rupee's REER has fallen, meaning its overvaluation is lower now.