India’s central bank bought 200 billion rupees ($2.3 billion) of bonds as planned at the first open-market auction in almost four years.

The product was developed in collaboration with the Reserve Bank of India (RBI) and Yes Bank, which will act as the sponsor bank for CBDC issuance.

On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting ...

The increase in the RBI-DPI index was driven by growth in payment infrastructure and payment performance across the country over the period, the RBI said.