Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7302
    +0.0004 (+0.06%)
     

  • CRUDE OIL

    82.61
    -0.20 (-0.24%)
     

  • Bitcoin CAD

    87,882.48
    -3,420.86 (-3.75%)
     

  • CMC Crypto 200

    1,391.35
    -32.75 (-2.30%)
     

  • GOLD FUTURES

    2,330.40
    -8.00 (-0.34%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,463.25
    -201.25 (-1.14%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    37,751.14
    -708.94 (-1.84%)
     

  • CAD/EUR

    0.6817
    -0.0002 (-0.03%)
     

Indian central bank working on plan to reduce online charges: sources

Reuters
The Reserve Bank of India (RBI) Governor Urjit Patel smiles while attending a seminar during the Vibrant Gujarat investor summit in Gandhinagar, India, January 11, 2017. REUTERS/Amit Dave (Reuters)

NEW DELHI (Reuters) - The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage more digital banking, two parliamentary panel members quoted central bank governor Urjit Patel as saying on Friday. "We are working on a mechanism to bring down transaction costs," one member of the public accounts committee quoted Patel as saying. "We are speaking to all stakeholders." Patel met the panel to answer questions about the Nov. 8 abolition of 500- and 1,000-rupees notes, or 86 percent of the currency then in circulation. (Reporting by Nigam Prusty; Writing by Tommy Wilkes; Editing by Rajesh Kumar Singh)