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RESERVE BANK OF INDIA REPORT
India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of...
RBI asks banks to install fake currency detection machines at branches along international bordersThe Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...
Heat to hit jobs across Indian cities: World BankExtreme heat could make outdoor work increasingly unsafe across Indian cities, leading to significant job-equivalent labour losses and econ...
Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currencyThe government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and twenty rupee pol...
Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
US bond yield is global finance’s Achilles heel: Uday Kotak after Fed meetingThe yield on the 30-year US Treasury bond rose to a 19-year high, according to a Reuters report, as concerns over the Federal Reserve’s com...
RBI sold about $7 billion to defend rupee on FridayIndia's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency...
India bonds slip as oil prices hurt; Fed verdict in focusOn Wednesday, Indian government bonds took a hit due to renewed U.S. airstrikes in the Middle East, escalating tensions in the Gulf region....
UCO Bank plans $500-million overseas fundraiseUCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the...
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resourcesState Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to...
FCNR(B) deposit drive could pressure banks' profitabilityBanks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This...
US Stock Market: Wall Street divided on Fed as rising crude prices boost rate hike expectationsThe US Federal Reserve's policy meeting has become harder to predict as surging oil prices and renewed geopolitical tensions raise the risk...
India 10-year bond yield logs biggest plunge in 2 months as oil rally faltersBrent crude prices fell 4% in the previous session and slumped another 9% in Asian trading after the United States and Iran paused fighting...
India may see up to $85 billion in forex inflows after RBI's FCNR move: ReportIndia anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public secto...
India's forex reserves rise $1.08 billion to $676.237 billion in week ended July 17In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign curren...
Banking liquidity hits lowest since June 29; RBI data reveals Rs 2,884 crore deficitMumbai banking system liquidity has fallen to its lowest point since late June. This deficit is attributed to increased credit growth and c...
India in strongest credit growth phase since 2012 on robust corporate demand: ReportIndia's credit expansion is currently its strongest since 2012. Corporate loan growth reached a thirteen-year high in May. Household loan g...