RBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated en ...More

RBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to harmonize guidelines and address operational aspects of current lending rate benchmarks. The proposed changes will standardize market practices concerning interest charging and benchmark reset dates. These measures intend to improve transparency and strengthen monetary policy transmission across the system. ...Less

Plastic currency notes may enter circulation at the start of next financial year. The Reserve Bank of Ind ...More

Plastic currency notes may enter circulation at the start of next financial year. The Reserve Bank of India is targeting this rollout after completing field trials. These polymer notes will be introduced in ten and twenty rupee denominations. They are expected to be more durable and last significantly longer. Existing paper notes will continue to circulate alongside the new plastic ones. ...Less

RBI MPC meeting August 2026 highlights: The Reserve Bank of India has decided to keep the repo rate stead ...More

RBI MPC meeting August 2026 highlights: The Reserve Bank of India has decided to keep the repo rate steady at 5.25 percent, reflecting a cautious approach amid global instability and persistent inflation pressures. Despite these challenges, the domestic economy demonstrates resilience, with a projected GDP growth of 6.7 percent for the current fiscal year. Additionally, the central bank has adjusted its inflation forecast for FY27 downward. ...Less

The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attra ...More

The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay Malhotra expressed satisfaction with the robust foreign exchange inflows. The central bank expects more funds to arrive in the coming weeks. There are no current plans to prematurely close this successful mobilization window. ...Less

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the w ...More

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682.3 billion. Inflows from the RBI's FCNR(B) deposit scheme contributed to this growth. Gold reserves also experienced an increase of $1.3 billion. Despite dollar sales, reserves grew due to these incoming funds. ...Less

The RBI has flagged El Niño and an uneven southwest monsoon as key risks to agriculture, rural demand and ...More

The RBI has flagged El Niño and an uneven southwest monsoon as key risks to agriculture, rural demand and the broader economy, despite cutting its FY27 inflation forecast to 5%. Governor Sanjay Malhotra said government measures, including climate-resilient crops, water conservation and adequate foodgrain stocks, should cushion the impact, though volatile crude prices and geopolitical tensions continue to pose inflation risks. ...Less

RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is ...More

RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is nearing the upper tolerance band, which could prompt future rate hikes. Banks monitor deposit-credit ratios and government security yields for rate decisions. High interest rates on small savings schemes also influence bank deposit offerings. Lenders may adjust fixed deposit rates soon based on these economic indicators. ...Less

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India interve ...More

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency neared a record low. This intervention followed a surge in crude prices impacting Asian oil importers. The RBI's actions helped lift the rupee further away from its all-time low. Foreign exchange reserves are rising, providing ammunition for future currency defense. ...Less

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move ...More

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the central bank's concessional funding window. The facility has already attracted over $32 billion in foreign currency inflows. Non-resident deposits have been the primary driver of this significant mobilization. This initiative aims to strengthen India's foreign exchange reserves effectively. ...Less

On Thursday, Indian government bonds faced a decline for the third consecutive day. The rise in U.S. Trea ...More

On Thursday, Indian government bonds faced a decline for the third consecutive day. The rise in U.S. Treasury yields dampened enthusiasm for Indian debt instruments, while escalating geopolitical tensions from the Gulf region further affected market dynamics. Additionally, concerns about the Federal Reserve's ambiguous interest rate plans placed additional strain on bond prices. Nevertheless, measures from the Reserve Bank of India, which facilitated dollar inflows, offered some respite. ...Less

In the forthcoming monetary policy meeting, the Reserve Bank of India is likely to maintain the current i ...More

In the forthcoming monetary policy meeting, the Reserve Bank of India is likely to maintain the current interest rates. The recent surge in foreign capital has mitigated fears surrounding the rupee's performance. However, sustained inflation levels pose a significant challenge for the bank's decisions. The current geopolitical landscape and the impacts of El Nino necessitate a cautious approach, with close attention to inflation metrics and oil price fluctuations. ...Less

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: The central bank warns volatile crude oil price ...More

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: The central bank warns volatile crude oil prices pose inflation risks. Geopolitical tensions cloud the near-term outlook for price stability. The central bank kept its repo rate unchanged at 5.25 percent. India's inflation projection for FY27 was lowered to five percent. The rupee faces pressure from higher oil prices and capital outflows. ...Less

The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent. Inflationary expectations w ...More

The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent. Inflationary expectations were lowered to 5 percent for fiscal year 2027. Growth projections were raised to 6.7 percent, anticipating economic momentum. Geopolitical uncertainty and monsoon patterns pose potential risks to the outlook. The central bank remains committed to price and financial system stability. ...Less

RBI Repo Rate: The Reserve Bank of India kept its benchmark repo rate steady at 5.25%. Policymakers cited ...More

RBI Repo Rate: The Reserve Bank of India kept its benchmark repo rate steady at 5.25%. Policymakers cited rising food and fuel costs as the primary inflation drivers. Global geopolitical tensions and volatile oil prices pose significant risks. Domestic economic growth remains resilient despite external headwinds. The central bank awaits greater clarity on inflation before any policy shift. ...Less

The RBI's decision to keep the repo rate unchanged at 5.25% for the fourth straight review has received a ...More

The RBI's decision to keep the repo rate unchanged at 5.25% for the fourth straight review has received a positive response from the real estate sector. Developers and consultants believe stable interest rates will support housing demand, boost buyer confidence and provide better visibility for project planning. However, rising construction costs remain a concern for affordability, especially in mid-income segments. ...Less

In the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the ...More

In the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the assumed run-off rate on deposits from non-financial entities such as trusts, limited liability partnerships (LLPs), and partnerships to 40% from 100% earlier. The change lowered projected 30-day cash outflows for banks, providing flexibility to the LCR mandate. ...Less

HSBC has mobilised about $5.5 billion in non-resident Indian deposits by offering highly leveraged loans ...More

HSBC has mobilised about $5.5 billion in non-resident Indian deposits by offering highly leveraged loans under the RBI's FCNR(B) window, outpacing global rivals. The strategy has helped attract diaspora wealth, contributing to the roughly $32 billion raised by Indian banks through foreign currency deposits. ...Less

On Monday, the Indian rupee experienced its most remarkable trading day in over six weeks, thanks to deci ...More

On Monday, the Indian rupee experienced its most remarkable trading day in over six weeks, thanks to decisive actions from the central bank and a notable decrease in oil prices. Opening at 96.1475, it surged to a high of 95.7950. The decline in oil prices was further fueled by a cessation of military attacks between the U.S. ...Less

RBI MPC Meeting at a Glance: The Reserve Bank of India has decided to uphold its policy repo rate at 5.25 ...More

RBI MPC Meeting at a Glance: The Reserve Bank of India has decided to uphold its policy repo rate at 5.25 percent, a choice made after considering the steady performance of the economy alongside climbing inflation expectations. Additionally, the central bank has elevated its GDP growth prediction for the fiscal year 2026-27, with inflation anticipated to be 5.0 percent for the ongoing financial year, influenced by global risks and the conditions of the monsoon. ...Less

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committ ...More

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns with the need to support economic growth. External factors are largely blamed for India's current economic challenges. The RBI's actions and communication are crucial for market stability. Greater dissent among committee members could lead to better policy decisions. ...Less

School Assembly News Headlines, July 28, 2026: From key developments in India's anti-paper leak law and S ...More

School Assembly News Headlines, July 28, 2026: From key developments in India's anti-paper leak law and Supreme Court observations on student protests to global diplomatic updates, business initiatives and major sporting achievements, today's school assembly news headlines cover the most important events. Catch the top national, international, business and sports stories to stay informed before the day begins. ...Less

The government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion piece ...More

The government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and twenty rupee polymer notes will undergo field trials. These new notes are expected to be more durable and have a longer lifespan. The introduction of polymer notes is still in a preliminary phase. ...Less

RBI Monetary Policy Meeting 2026: The Reserve Bank of India's Monetary Policy Committee maintained the be ...More

RBI Monetary Policy Meeting 2026: The Reserve Bank of India's Monetary Policy Committee maintained the benchmark repo rate at 5.25 percent. Policymakers are carefully observing geopolitical uncertainties and rising inflationary pressures. Domestic economic growth remains resilient, which supports the central bank's decision. The committee also revised its growth and inflation projections for the current financial year. Analysts had largely anticipated this pause in policy action. ...Less

Governor: The Silent Saviour, starring Manoj Bajpayee made its digital debut. The film recounts the 1991 ...More

Governor: The Silent Saviour, starring Manoj Bajpayee made its digital debut. The film recounts the 1991 economic crisis and the RBI Governor's actions. The actor's performance received widespread praise for portraying a calm leader. Read on to know when and where to watch the movie online. ...Less

India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures ...More

India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports and weak exporter hedging continues to keep the rupee near record lows. ...Less

RBI repo rate: The Reserve Bank of India has maintained its repo rate at 5.25%, providing ongoing relief ...More

RBI repo rate: The Reserve Bank of India has maintained its repo rate at 5.25%, providing ongoing relief for home loan borrowers. This decision allows many borrowers to continue enjoying current low home loan interest rates. However, rising retail inflation and potential rate hikes may lead to higher interest costs soon. Homeowners can explore prepayment and refinancing options to manage future loan expenses. These strategies can help reduce overall interest paid and shorten loan tenures. ...Less

RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions an ...More

RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode. ...Less

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's ...More

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors. The rupee remains stable globally, and FDI inflows are robust. ...Less

Central bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and ...More

Central bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and artificial intelligence were key discussion points. New expected credit loss guidelines also featured in the important talks. Some banks shared their FCNR(B) scheme inflow estimates with the governor. Oil prices have spiked over nine percent after recent military actions. ...Less

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% ...More

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despite global uncertainties, Sanjay Malhotra said. The governor also flagged inflation risks, noting that the RBI had raised its inflation forecast for FY27 to 5.1% from 4.6% earlier. ...Less

India's currency printing authority is now on the lookout for international suppliers of polymer banknote ...More

India's currency printing authority is now on the lookout for international suppliers of polymer banknote material, signaling a significant change from nearly a century of using paper notes. Bidders must adhere to strict security protocols and provide evidence of past collaborations with central banks. The Reserve Bank of India is considering polymer notes due to their durability, coinciding with a recent drop in currency printing costs. ...Less

US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tan ...More

US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tankers changed course in the Gulf of Oman and Arabian Sea. Ship tracking data shows diversions and zig-zagging patterns by these vessels. The US military has also taken action against non-compliant ships. Observable shipping activity through the Strait of Hormuz remains subdued. ...Less

The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy a ...More

The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating operational matters. Specialised committees will handle routine approvals and reviews, enhancing efficiency. This move aims to allow directors more time for long-term strategic issues. The changes follow draft proposals and aim for better corporate governance. ...Less

School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. I ...More

School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. India and the UK signed a trade agreement to reduce tariffs on goods. The ICC approved significant changes to ODI and T20 World Cup formats. EPFO credited annual interest to millions of member accounts early. New Zealand will ease student visa rules for international learners. ...Less

India has attracted about ten billion dollars through a special deposit program. This initiative aims to ...More

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The Reserve Bank of India introduced a zero-cost foreign-exchange swap facility for these deposits. Banks can now offer higher returns and leverage these funds, making the program more attractive. Inflows are expected to increase significantly before the September 30 deadline. ...Less

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are of ...More

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks are employing customized digital strategies to engage the NRI diaspora effectively. International Banking Units at GIFT City are being utilized for fund mobilization from multiple jurisdictions. ...Less

US Federal Reserve appointed Indian-origin experts for policy review. Raghuram Rajan and Raj Chetty will ...More

US Federal Reserve appointed Indian-origin experts for policy review. Raghuram Rajan and Raj Chetty will join task forces. Asha Sharma will assess technology's impact on jobs and growth. These panels will examine monetary policy tools and data. The review aims to adapt the Fed to economic changes. ...Less

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows ri ...More

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and potential dollar loan rate hardening. Banks are facing challenges in finalizing fixed lending rates for non-resident Indians. Higher borrowing costs may necessitate increased leverage for attractive NRI deposit yields. The central bank's assessment will consider the current market situation and deposit mobilization. ...Less

Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted leg ...More

Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout, wiping out a quarter of its projected profit, raises serious questions about the bank's governance and disclosure practices. The settlement, reached without admitting fault, highlights a perceived leniency in regulatory oversight for state-owned banks compared to private institutions, prompting calls for more equitable enforcement. ...Less

Indian government bonds surged Thursday, fueled by strong foreign investment and easing inflation worries ...More

Indian government bonds surged Thursday, fueled by strong foreign investment and easing inflation worries stemming from lower oil prices. Hopes of inclusion in a major global index are attracting significant foreign capital, pushing down borrowing costs for the government. While oil price drops have eased inflation concerns, a potentially poor monsoon and rising global yields present ongoing risks to the rally. ...Less

The US Federal Reserve's shift towards less transparent monetary policy communication under Chair Kevin W ...More

The US Federal Reserve's shift towards less transparent monetary policy communication under Chair Kevin Warsh has sparked debate. While the Fed kept rates unchanged, the move away from forward guidance and greater openness is criticized for potentially hindering market guidance, especially in emerging markets like India. Experts argue that clear communication, including forward guidance, is crucial for central banks to effectively steer markets and ensure better policy transmission and accountability. ...Less

India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra su ...More

India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra suggesting a potential long-term reduction. He highlighted the success of the current inflation-targeting framework in lowering average inflation. Despite expectations of a rise, inflation remains below the central bank's 4% target, and the economy is projected for continued robust growth. ...Less

India faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, lar ...More

India faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon deficit impacting agriculture. Despite a widening non-oil trade deficit, strong services exports and a surge in FDI inflows are providing crucial support. Remittances also show robust growth, bolstering the economy. Government and RBI measures aim to stabilize the rupee, with crude oil prices expected around $90/bbl. ...Less

In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insura ...More

In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern. ...Less

RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partne ...More

RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partners, not just compliance. Speaking at International MSME Day, he stressed investing in technology, R&D, and innovation for entrepreneurs. Malhotra highlighted the need for financial institutions to leverage digital infrastructure like Account Aggregator and ULI for efficient, data-driven credit. ...Less

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance ...More

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making the recovery far from assured. ...Less

The Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. ...More

The Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabilize the rupee now, the country must strengthen its balance of payments over the next three to five years. Otherwise, as foreign currency borrowings and deposits mature, the reversed inflows could pressure the rupee again, requiring a robust BoP or larger reserves. ...Less

India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite globa ...More

India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant against evolving risks. ...Less

A 10% rain deficit could add as much as one-percentage-point to headline consumer inflation driven by foo ...More

A 10% rain deficit could add as much as one-percentage-point to headline consumer inflation driven by food prices, according to research by Yuvika Singhal, an economist at QuantEco Research. India’s cumulative rainfall was 43% below normal as of June 22. ...Less

RBI Governor Sanjay Malhotra lauded MSMEs as crucial for India's growth, highlighting their role in entre ...More

RBI Governor Sanjay Malhotra lauded MSMEs as crucial for India's growth, highlighting their role in entrepreneurship and employment. He noted strong credit growth in Kerala's MSME sector and detailed RBI's initiatives to bridge credit gaps, including enhanced collateral-free loans and the Trade Receivables Discounting System. Banks were urged to partner with MSMEs, with the upcoming Unified Lending Interface set to simplify credit access. ...Less

RBI Governor Sanjay Malhotra stated that discussions on interest rate hikes are premature, emphasizing th ...More

RBI Governor Sanjay Malhotra stated that discussions on interest rate hikes are premature, emphasizing that the central bank will monitor incoming economic data amidst global uncertainties. He highlighted the 'neutral' policy stance reflects this caution. While acknowledging reduced upside risks from easing oil prices, Malhotra stressed the need for continued observation of crude prices and monsoon progress for inflation management. ...Less

Indian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing pote ...More

Indian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liquidity. Key concerns include a contraction in export credit, a proposed restriction on future exports for delayed payments and procedural hurdles in merchanting trade and the EDPMS system. ...Less

Indian stock markets witnessed a significant surge today, with Sensex and Nifty climbing up to 1%. This p ...More

Indian stock markets witnessed a significant surge today, with Sensex and Nifty climbing up to 1%. This positive momentum was fueled by the RBI Governor's indication that further rate hikes are premature, coupled with a rebound in global equities. Key sectors like IT and private banking saw substantial gains, while a dip in oil prices and hopes for an India-US trade deal also bolstered investor confidence. ...Less

Indian government bonds saw a significant rally for the fourth consecutive day, buoyed by falling oil pri ...More

Indian government bonds saw a significant rally for the fourth consecutive day, buoyed by falling oil prices and positive sentiment from foreign inflows and the Reserve Bank of India's cautious stance on rate hikes. This surge occurred ahead of a substantial debt sale, with benchmark yields dropping. Overseas investors are showing strong interest, marking the highest monthly inflow in two years, potentially driven by index inclusion expectations. ...Less

Indian markets surged on Wednesday, reversing Tuesday's losses, buoyed by falling crude oil prices and a ...More

Indian markets surged on Wednesday, reversing Tuesday's losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon's arrival. Key sectors like banking and IT led the gains, with analysts pointing to expectations of discounted Iranian crude benefiting the economy. Despite mixed Asian markets, domestic investors showed strong buying, offsetting foreign outflows, as the VIX eased. ...Less

Despite easing West Asian tensions, the RBI remains cautious, with Governor Sanjay Malhotra emphasizing d ...More

Despite easing West Asian tensions, the RBI remains cautious, with Governor Sanjay Malhotra emphasizing data dependency over pre-set interest rate paths. While the truce offers relief on inflation and growth, uncertainties surrounding crude oil prices and the monsoon necessitate continued vigilance. The central bank is closely monitoring potential inflation spillover effects and external challenges, maintaining a wait-and-watch approach for future policy moves. ...Less

Economists are split on how a weak monsoon will affect food prices, with some believing falling oil price ...More

Economists are split on how a weak monsoon will affect food prices, with some believing falling oil prices will offset any hikes. Others warn of El Nino's impact on sowing and food costs. The Reserve Bank of India is unlikely to raise interest rates soon, preferring to wait for clarity on the monsoon's agricultural and inflation effects. ...Less

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflati ...More

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year. ...Less

Emphasising the Reserve Bank of India (RBI) continued committment to the MSME sector, RBI Governor Sanjay ...More

Emphasising the Reserve Bank of India (RBI) continued committment to the MSME sector, RBI Governor Sanjay Malhotra on Sunday described Micro, Small and Medium Enterprises (MSMEs) as India's "entrepreneurship nursery" and said the central bank will continue to extend strong support to the segment. ...Less

The Reserve Bank of India is adopting a cautious "wait and watch" approach regarding global geopolitical ...More

The Reserve Bank of India is adopting a cautious "wait and watch" approach regarding global geopolitical shifts and monsoon progress. Governor Sanjay Malhotra stated that while inflation hasn't broadly impacted consumer prices, uncertainties persist. He highlighted that de-escalation in West Asia is positive, but risks remain. The RBI is monitoring crude prices and monsoon impact on growth, confident in India's preparedness for challenges. ...Less

The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Pr ...More

The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board (HSAMB) maintained with the Sector 32, Chandigarh branch of IDFC First Bank. ...Less

The Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms ...More

The Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for financed receivables. This move aims to reduce credit risk, boost lender participation, and improve liquidity in the receivables financing ecosystem. The revised framework also streamlines onboarding, permits insurance cover, and strengthens the legal enforceability of TReDS transactions, fostering a more robust marketplace for working capital. ...Less

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, sup ...More

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, supportive global cues and optimism over India-US trade talks. Analysts highlight key technical levels for Nifty, while stock-specific action was seen in banking, IT, infrastructure and midcap counters across NSE trading data. ...Less

Falling crude oil prices might boost growth beyond central bank forecasts, potentially easing rate hike n ...More

Falling crude oil prices might boost growth beyond central bank forecasts, potentially easing rate hike needs. However, supply chain disruptions and embedded input cost pressures require close monitoring. While financial conditions appear restrictive, strong foreign currency inflows from new deposit and borrowing schemes could influence future monetary policy, with the RBI balancing growth concerns against inflation projections. ...Less

The Reserve Bank of India is expected to maintain its wait-and-watch stance and keep the repo rate at 5.2 ...More

The Reserve Bank of India is expected to maintain its wait-and-watch stance and keep the repo rate at 5.25 per cent in coming meetings as the US-Iran peace agreement reduces geopolitical uncertainty, while it monitors food and fuel price pass-through before acting, BofA Securities said in a note on the June MPC minutes. ...Less

Reserve Bank of India Governor Sanjay Malhotra met West Bengal Chief Minister Suvendu Adhikari in Kolkata ...More

Reserve Bank of India Governor Sanjay Malhotra met West Bengal Chief Minister Suvendu Adhikari in Kolkata. They discussed key economic issues concerning the state. This meeting holds significance given Bengal's financial situation. The state government is set to present its budget soon. The RBI plays a crucial role in monitoring state finances. ...Less

The Board of Tata Sons convened to approve annual accounts and dividend for FY26. Key figures including G ...More

The Board of Tata Sons convened to approve annual accounts and dividend for FY26. Key figures including Group Chairman N Chandrasekaran and Tata Trust Chairman Noel Tata attended the meeting at Bombay House. Discussions did not include Chandrasekaran's tenure extension or the potential listing of the holding company. ...Less

The Bombay High Court has ruled that an Reserve Bank of India official's unauthorized absence from work i ...More

The Bombay High Court has ruled that an Reserve Bank of India official's unauthorized absence from work is grave misconduct. The court dismissed a plea by Animesh Bakuli, a senior assistant, who was compulsorily retired. Bakuli was absent without permission for an extended period. The court found the RBI's decision to be valid and not suffering from any infirmity. ...Less

The Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has ena ...More

The Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interest rates, exceeding 7%. This allows NRIs to leverage these deposits for potentially greater returns, though risks associated with fluctuating borrowing costs and foreign taxes remain. ...Less

The Reserve Bank of India will maintain its restriction on banks' net open positions. Governor Sanjay Mal ...More

The Reserve Bank of India will maintain its restriction on banks' net open positions. Governor Sanjay Malhotra confirmed no plans exist to discontinue the measure. This rule limits overnight unhedged exposure to curb pressure on the rupee. The RBI implemented this at the end of March to stabilize the currency. ...Less

With foreign exchange reserves reaching an impressive $682.3 billion, India stands on solid economic grou ...More

With foreign exchange reserves reaching an impressive $682.3 billion, India stands on solid economic ground. RBI Governor Sanjay Malhotra has assured that these reserves are more than sufficient. The nation's economic landscape is further brightened by recent trade deals with the UK, New Zealand, and others, while discussions continue with the US and Canada to amplify global trade relations. ...Less

The Reserve Bank of India permits banks to offer different interest rates on deposits. These rates must b ...More

The Reserve Bank of India permits banks to offer different interest rates on deposits. These rates must be transparent and follow specific rules. This comes after allegations that HDFC Bank routed differential interest payments to a state agency through its marketing budget. HDFC Bank has denied these claims, stating its internal controls are strong. ...Less

The Reserve Bank of India has raised its inflation forecast to 5.1% due to rising energy prices and an un ...More

The Reserve Bank of India has raised its inflation forecast to 5.1% due to rising energy prices and an uncertain food outlook. Governor Sanjay Malhotra warned that higher input costs could further pressure CPI inflation. Petrol and diesel price hikes are expected to directly impact headline inflation in the coming months. ...Less

Reserve Bank of India Governor Sanjay Malhotra anticipates a potential impact on rural demand and private ...More

Reserve Bank of India Governor Sanjay Malhotra anticipates a potential impact on rural demand and private consumption due to a projected monsoon deficiency. He noted that mitigation measures are in place to lessen these effects. Rising input costs and supply disruptions also pose risks to economic activity, he said. ...Less

The RBI has doubled investment limits for overseas individual investors under the Portfolio Investment Sc ...More

The RBI has doubled investment limits for overseas individual investors under the Portfolio Investment Scheme and extended direct equity access to all Persons Resident Outside India. ...Less

Reactions flooded micrblogging site Twitter after RBI Governor Raghuram Rajan formally announced that he ...More

Reactions flooded micrblogging site Twitter after RBI Governor Raghuram Rajan formally announced that he will not accept offer for second term. ...Less

The union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman's term fo ...More

The union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman's term for another two years with effect from June 26, 2026, the central bank announced Friday. ...Less

India's foreign exchange reserves are strong at $682.3 billion. The Reserve Bank of India has used these ...More

India's foreign exchange reserves are strong at $682.3 billion. The Reserve Bank of India has used these reserves to stabilize the rupee. Despite recent declines, reserves remain sufficient for imports and external debt. Policy reforms and trade agreements are expected to boost the economy. India is well-positioned to handle global economic challenges. ...Less

RBI MPC Meeting June 2026: The Reserve Bank of India's Monetary Policy Committee begins a crucial three-d ...More

RBI MPC Meeting June 2026: The Reserve Bank of India's Monetary Policy Committee begins a crucial three-day meeting, with a policy announcement expected on June 5. Markets are closely watching for signals on interest rates amid rising crude oil prices and rupee pressure, though inflation remains contained. Economists largely anticipate the repo rate to remain unchanged at 5.25%. ...Less

Public sector bank stocks have seen a significant drop from their recent peaks. The Reserve Bank of India ...More

Public sector bank stocks have seen a significant drop from their recent peaks. The Reserve Bank of India has introduced measures to attract foreign investment in government securities. Experts suggest these steps are positive for the banking sector. However, caution is advised, with a focus on quality banks possessing strong fundamentals. ...Less

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging ...More

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures. ...Less

The Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now ...More

The Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps for overseas borrowing until September 2026. Bankers suggest the RBI needs to cover at least half the hedging costs for this to make borrowing abroad cheaper and viable for these companies. ...Less

RBI monetary policy meeting: India's monsoon season is critical for farms and prices. A weak monsoon coul ...More

RBI monetary policy meeting: India's monsoon season is critical for farms and prices. A weak monsoon could impact crop yields and raise food costs. The Reserve Bank of India is watching weather closely. Inflation has already risen slightly. Experts warn of price pressures from rain, energy, and currency. Monsoon outcomes will shape India's economic path. ...Less

The recently-constituted MPC began its three-day deliberations on Wednesday, and expectations are running ...More

The recently-constituted MPC began its three-day deliberations on Wednesday, and expectations are running high that the central bank will maintain status quo on the benchmark lending rate. ...Less

Reserve Bank of India Governor Sanjay Malhotra confirms the 4 percent inflation target remains unchanged. ...More

Reserve Bank of India Governor Sanjay Malhotra confirms the 4 percent inflation target remains unchanged. He raised the FY27 inflation forecast to 5.1 percent due to global factors. Monetary policy actions will depend on inflation becoming broad-based and persistent. The central bank will monitor global supply chain pressures and monsoon impact closely. ...Less

India's inflation likely climbed to the Reserve Bank of India's 4% target in May, driven by rising vegeta ...More

India's inflation likely climbed to the Reserve Bank of India's 4% target in May, driven by rising vegetable prices and increased fuel costs. This trend marks a shift from the previous 15 months of below-target inflation, with economists anticipating further upward pressure due to elevated wholesale prices and potential monsoon impacts. ...Less

Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This c ...More

Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announced it would cover hedging costs for new 3 to 5 year FCNR(B) deposits. This initiative benefits Non-Resident Indians and others. Central Bank of India is offering a 6% interest rate on these deposits. ...Less

FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) dep ...More

FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. This move allows banks to offer higher interest rates to Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). An NRI may now earn an additional $1,277 on a $10,000, 5-year FCNR(B) deposit. ...Less

The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool ...More

The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures. ...Less

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: India's headline inflation may rise by 36 basis ...More

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: India's headline inflation may rise by 36 basis points due to higher petrol and diesel prices. The Reserve Bank of India warns that elevated energy costs and supply disruptions will impact economic activity. Global factors are also contributing to broader inflationary pressures. The central bank has maintained its key repo rate and policy stance. ...Less

India has unveiled a package aimed at supporting the rupee without resorting to capital controls, a move ...More

India has unveiled a package aimed at supporting the rupee without resorting to capital controls, a move seen as more market-friendly than during the 2013 currency crisis when overseas remittance limits were tightened. Instead, authorities are encouraging state-owned firms and banks to raise dollars abroad and bring them back to India, while offering concessions on hedging costs. ...Less

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. ...More

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these deposits more attractive to overseas depositors. Banks expect to offer higher interest rates, potentially up to 100 basis points. This initiative seeks to increase dollar inflows through banking channels and revive interest in FCNR(B) deposits. ...Less

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. ...More

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more overseas funds. Banks can now offer higher interest rates to non-resident depositors. This is expected to increase dollar inflows into India. The facility is available for deposits with three to five years tenure until September 30. ...Less

The Reserve Bank of India has increased investment limits for Non-Resident Indians and Overseas Citizens ...More

The Reserve Bank of India has increased investment limits for Non-Resident Indians and Overseas Citizens of India in stock market equity instruments. This revised policy allows NRIs and OCIs to invest more in these instruments through the stock market, enhancing investment access for Indians abroad. ...Less

RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Poli ...More

RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity. ...Less

RBI MPC Meeting June 2026: All eyes are on the Reserve Bank of India today as Governor Sanjay Malhotra an ...More

RBI MPC Meeting June 2026: All eyes are on the Reserve Bank of India today as Governor Sanjay Malhotra announces the Monetary Policy Committee's decision. This crucial announcement will reveal the central bank's stance on interest rates and inflation. Investors are keenly awaiting signals on economic growth and stability amidst global uncertainties. The outcome will guide market sentiment for the coming months. ...Less

The rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the ...More

The rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the RBI's liberalization of FPI investment norms in government securities. This move, coupled with the central bank's assertion of robust forex reserves, boosted investor confidence. The RBI also maintained its repo rate at 5.25% and adjusted GDP and inflation projections. ...Less

India has eliminated long-term capital gains tax on FII investments in government securities, effective A ...More

India has eliminated long-term capital gains tax on FII investments in government securities, effective April 1, 2026, to attract foreign capital and support the rupee. The RBI also expanded the Fully Accessible Route for government bonds and raised investment limits for NRIs and OCIs to boost foreign portfolio investments amid market pressures. ...Less

The RBI is introducing new measures to attract foreign investment. These steps aim to boost capital inflo ...More

The RBI is introducing new measures to attract foreign investment. These steps aim to boost capital inflows and improve India's balance of payments. The central bank expects significant overseas funds to enter the country through various channels. These initiatives are designed to make it easier for foreign investors to participate in India's financial markets. ...Less