Latest news with #RBIUnlocked:BeyondtheRupee
Hindustan Times
29-06-2025
- Business
- Hindustan Times
RBI opens vaults: Gold reserves revealed for the first time in documentary series
For the first time, the Reserve Bank of India (RBI) is showing its hidden gold reserve, giving the public a rare look at the gold that supports the country's financial stability. The RBI will offer people a rare glimpse of country's hidden gold reserves.(Representative Image) India's total gold reserves, estimated at over 850 tonnes, is featured in the documentary series RBI Unlocked: Beyond the Rupee, according to a report in Republic. The RBI, in collaboration with JioHotstar, has launched a five-part documentary series to highlight its various functions and roles. The documentary aims to present the essence of the RBI's work in a simple and understandable way for a wider audience. Also Read: Drone rescues man trapped on roof as floods swallow streets in Southern China | Video The documentary has covered the gold bricks, each weighing 12.5 kg, which form part of the country's gold reserves stored in the RBI's vaults in Mumbai and Nagpur. India's current gold reserves are estimated at around 854 tonnes, with 510 tonnes stored domestically and 324 tonnes kept abroad. According to the report, the documentary quotes an RBI official as saying, 'Countries will rise and fall. Economies will have ups and downs. But gold will always maintain its value.' Produced by Chalkboard Entertainment, the documentary traces the RBI's 90-year journey and highlights how it evolved into a full-service monetary authority. Also Read: '477 drones, 60 missiles': What Ukraine says about Russia's massive aerial strike The new series marks a new chapter for the central bank, signalling a shift from its traditionally secretive and opaque approach to a more transparent effort to showcase the nation's wealth and financial stability to its citizens. The RBI carries out a broad range of functions, including currency management, monetary policy formulation, regulation and supervision of banks, and oversight of currency, markets, and payment systems, among other vital responsibilities. It also seeks to build greater public trust by offering insight into the RBI's role in India's economy.
Mint
09-06-2025
- Business
- Mint
The Reserve Bank's growth stimulus is a bold bet on price stability
If anyone needs a layperson's refresher on the role played by the Reserve Bank of India (RBI) in steadying our economy during the crisis of 1991, the first episode of a documentary series called RBI Unlocked: Beyond the Rupee is a breezy watch. As a visual bonus, it even offers a glimpse of India's gold stash. But its subtitle is ironic. While RBI evolved rapidly after 1991 in line with India's embrace of market principles—the rupee was largely floated, ad hoc government funding ended, private banks were okayed, etc—its last leap of evolution was squarely in aid of the rupee. Or, to be specific, the stability of its internal value over time. Also Read: Has RBI unleashed its arsenal too soon for the economy? This job is so elementary, it's taken as a given for any central bank. In 2016, however, RBI adopted a flexible but formal framework for inflation targeting. To some critics, what's routine in the West was too ambitious for us. Yet, barring a covid spike in the cost of living, RBI has acquitted itself fairly well. Retail inflation has stayed under 4%, the midpoint of its target band of 2-6%, since February; RBI now projects it at 3.7% for 2025-26, a forecast it reduced on Friday from 4%. As Governor Sanjay Malhotra's policy statement said, a soft inflation outlook gave RBI the confidence and space to cut its key policy rate of interest by half a percentage point to ease credit in favour of GDP growth. With the repo rate now at 5.5%, its stance is 'neutral' again. The central bank's brief on its macro calls of duty includes using its policy levers to help the country's economy expand. Hence, its outsized dose of policy easing aims to 'stimulate domestic private consumption and investment"—which the governor called 'imperative" in the face of below-aspiration growth amid 'a challenging global environment and heightened uncertainty." Also Read: The Reserve Bank's leap of faith: A big rate cut is very hard to justify Even as we aspire to grow faster, headwinds from the turmoil of US tariffs could overwhelm the buffer of our low trade intensity. As RBI reckons, securing the economy's growth momentum needs a big dose of monetary stimulus. While cheaper loans should attract consumers and businesses to borrow, consume and invest more—and may help reverse a recent credit slump—RBI also plans to free up more money for banks to lend by reducing the cash they must keep with it in reserve. This is in addition to its liquidity injection of ₹9.5 trillion since January. Oddly, 10-year bond yields rose on Friday. Does a slightly steeper yield curve signal a shift in market perceptions of risk? In going 'all in' with policy tools to secure GDP growth, foreseen at 6.5% in 2025-26, RBI may have also skewed the odds of securing a win that would mark a major moment for its maturity—as a monetary authority that shows the ability and will to keep inflation firmly capped over the long haul. In other words, its real test of victory lies ahead. If price stability endures, applause must follow. Also Read: RBI's policy review: Why this time is truly different In RBI's view, most inflation indicators are benign this year, including those of food and fuel prices. Its stimulus, however, is not free of risk. Any error on the side of easy money could over-fuel the economy if it makes demand chase supply in key markets, as usual, but price volatility could be amplified this time by the ripple effects of costlier global trade. How choppy the high seas will get and how it'll impact the world remain unclear. What's clear is that RBI has acted boldly. Its bet on an internally steady rupee must come good for RBI to achieve durable 'street cred' as a central bank bound by this basic promise to its creditors—cash-holders included.
Business Standard
04-06-2025
- Business
- Business Standard
RBI launches five-part documentary series titled 'RBI Unlocked: Beyond the Rupee'
The Reserve Bank of India, in collaboration with JioHotstar, has launched a five-part documentary series titled RBI Unlocked: Beyond the Rupee. The project has been produced by Chalkboard Entertainment. The project was commissioned by RBI to visually document its 90-year history, with the objective of creating awareness about its various functions and roles. The RBI, as a full-service central bank, performs a wide range of functions including currency management, monetary policy, regulation and supervision of banks and NBFCs, regulation of currency and interest rate, markets and payment and settlement systems, and financial inclusion. This documentary portrays the essence of RBIs functions in an intelligible manner to a wider demographic of people, RBI noted. Powered by Capital Market - Live News
Mint
03-06-2025
- Business
- Mint
RBI's new five-part documentary premieres on Jio Hotstar: ‘RBI Unlocked: Beyond the Rupee'
The Reserve Bank of India (RBI) on Tuesday, 3 June 2025, announced that the central bank has collaborated with Jio Hotstar to launch a five-part documentary series which aims to shed some light on the inner workings of India's banking regulator. In an official announcement, the Reserve Bank of India said that the documentary series is titled 'RBI Unlocked: Beyond the Rupee' and has been produced by a Mumbai-based production house named Chalkboard Entertainment. 'The Reserve Bank of India, in collaboration with Jio Hotstar, has launched a five-part documentary series titled 'RBI Unlocked: Beyond the Rupee'. The project has been produced by Chalkboard Entertainment,' said RBI in the press release. The announcement also shed some light on how the project 'RBI Unlocked' has focused on the visual documentation of RBI's 90-year history, which emphasises various functions and roles in the organisation. 'The project was commissioned by RBI to visually document its 90-year history, with the objective of creating awareness about its various functions and roles,' said RBI in the statement. The documentary provides a first-time insight into the working of the RBI, and people can watch the episode on 3 June 2025. 'The RBI, as a full-service central bank, performs a wide range of functions including currency management, monetary policy, regulation and supervision of banks and NBFCs, regulation of currency and interest rate, markets and payment and settlement systems, and financial inclusion. This documentary portrays the essence of RBI's functions in an intelligible manner to a wider demographic of people,' said RBI in the official announcement. According to the official Jio Hotstar data, the entertainment platform's subscription comes in three plans: two ad-supported plans and one premium plan without ads. Jio Hotstar allows users to pay monthly, quarterly, or annually. The Jio Hotstar 'mobile' subscription is an ad-supported plan starting at ₹ 149 for three months and ₹ 499 for a year. It allows you to view the content on 'one' mobile device at a time. The second is the Jio Hotstar 'super' subscription is the second ad-supported plan which starts at ₹ 299 for every three months and ₹ 899 per year. This gives you access to stream Jio Hotstar from any two devices at a time. Jio Hotstar's 'premium' ad-free plan costs ₹ 299 per month and can only be purchased through a web browser. You can also pay ₹ 499 for three months and ₹ 1,499 per year. This gives you access to stream entertainment content on any four devices at a time. The premium plan does not support advertisements during shows, programs, or live telecasts, hence the higher cost charged to customers.
