India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank ...More

India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value. ...Less

Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes cu ...More

Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes current financial conditions remain too loose for controlling inflation. Rajan points to strong investment and fiscal deficits as growth drivers. The US economy shows little sign of being constrained by borrowing costs. Meanwhile, the Indian rupee has shown unexpected resilience recently. ...Less

Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutio ...More

Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments. ...Less

RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision ...More

RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent calibration. This move aims to attract $80 billion into India's economy. The central bank cited stronger than expected dollar inflows for the adjustment. The RBI remains committed to managing exchange rate volatility and market conditions. ...Less

Most high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise ...More

Most high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise exports and imports experienced double-digit expansion, continuing Q1 momentum. Headline consumer price index inflation edged up, primarily due to supply-side pressures. Stable core inflation reaffirmed lower pass-through of cost pressures to consumers. Liquidity conditions eased, supporting credit growth and foreign capital inflows. ...Less

India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered ...More

India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's intervention capacity. The currency's near-term volatility has fallen close to a ten-month low. Higher crude prices and narrowing interest rate differentials add pressure. The RBI faces a delicate balance between growth and currency defense. ...Less

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through ...More

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects inflows to reach $90-100 billion by August 31, up from its earlier estimate of $70-80 billion. ...Less

RBI Governor Sanjay Malhotra said greater clarity on the inflation trajectory is needed before any recali ...More

RBI Governor Sanjay Malhotra said greater clarity on the inflation trajectory is needed before any recalibration of the policy rate, as the central bank remains alert to risks from food, fuel and input costs. The MPC retained the repo rate, with members favouring a wait-and-watch approach amid persistent uncertainties. ...Less

Anand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S ...More

Anand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S Somanath also joins the board for a four-year term. Their appointments are effective from August 20, 2026, according to the RBI. Mahindra's reappointment ensures continuity and brings diverse business experience. Somanath's technological expertise will aid the central bank's digital focus. ...Less

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increa ...More

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance. The Reserve Bank of India's timely intervention helped prevent any serious decline against the dollar. Meanwhile, substantial foreign currency inflows enhance the central bank's ability to intervene, providing stability to the rupee amidst subdued volatility. ...Less

India’s next Modi-Xi-Putin photograph at the SCO summit in Bishkek is likely to carry geopolitical weight ...More

India’s next Modi-Xi-Putin photograph at the SCO summit in Bishkek is likely to carry geopolitical weight, but it should not be read as evidence of a new India-China-Russia alliance. ...Less

Early Thursday saw a significant sell-off in Indian government bonds as minutes from the central bank's r ...More

Early Thursday saw a significant sell-off in Indian government bonds as minutes from the central bank's recent policy meeting hinted at possible rate hikes. Policymakers conveyed increased concerns about inflationary pressures within the economy. Additionally, soaring oil prices exacerbated anxieties about rising interest rates, potentially putting further strain on the rupee and negatively impacting the inflation forecast. ...Less

Xi Jinping's potential visit to India for the BRICS summit is a key development. This meeting could foste ...More

Xi Jinping's potential visit to India for the BRICS summit is a key development. This meeting could foster cooperation and enable concrete economic decisions for the bloc. Discussions are expected on payment systems and agricultural commerce among member nations. Improved India-China ties may reduce obstacles to collective action within BRICS. This summit's success hinges on sustained cooperation between its influential Asian members. ...Less

Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI D ...More

Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs’ resilience. ...Less

Retail inflation in India may briefly surpass 6 percent in late 2024. This rise is expected before easing ...More

Retail inflation in India may briefly surpass 6 percent in late 2024. This rise is expected before easing to approximately 5 percent by early 2026. Improving food supply conditions and monsoon recovery will help contain inflation. The Reserve Bank of India awaits more inflation data before adjusting policy rates. Global market implications arise from US Federal Reserve actions on treasury yields. ...Less

Indian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. High ...More

Indian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. Higher food and fuel prices could lead to broad-based inflation, prompting action. Inflation is projected to peak at 5.9% in Q3 2026-27, signaling potential policy shifts. The central bank remains watchful of global economic turbulence and its domestic impact. Monetary response is warranted if inflation expectations become de-anchored or persistent. ...Less

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the tech ...More

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes, rather than simply adopting AI faster. Speaking at FIBAC 2026, he said AI will reshape risk assessment, customer service, capital pricing and banking operations, while India’s digital public infrastructure provides a strong base for AI adoption. ...Less

Banks must understand artificial intelligence deployment for future success. AI can enhance financial inc ...More

Banks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public good projects. Careless AI use risks new forms of exclusion and instability for banks. The RBI plans an approved AI governance policy and a testing sandbox. Banks need deliberate strategies, sustained investment, and strong governance for AI. ...Less

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the ...More

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific details regarding the launch date and associated costs remain undisclosed. ...Less

The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than- ...More

The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) will proceed as initially scheduled. ...Less

The Reserve Bank of India has shortened the swap facility window for FCNR(B) deposits. This decision come ...More

The Reserve Bank of India has shortened the swap facility window for FCNR(B) deposits. This decision comes after observing higher-than-expected foreign currency inflows into the country. The central bank received substantial dollar inflows through these special measures announced earlier. FCNR(B) deposits accounted for the bulk of these significant foreign currency inflows. The swap scheme for other borrowings will continue as originally planned. ...Less

The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-ban ...More

The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report. ...Less

India’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value a ...More

India’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infra behind UPI. Each technological leap solved the same fundamental challenge: enabling money to travel securely and efficiently without physically moving cash from one place to another. ...Less

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

Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised ...More

Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised principle-based norms. Governor Sanjay Malhotra said the new framework will simplify classification. With assets above the regulatory threshold, Tata Sons could be required to go public, reviving its long-running IPO debate. ...Less

The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have stre ...More

The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of payments position. The central bank has not received any proposals for extending the deadline. This facility allows banks to swap overseas borrowings at concessional rates. The swap window has already attracted significant dollar inflows by July. ...Less

Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee ...More

Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap. The meeting will also focus on deposit mobilization and supporting small businesses. Fresh foreign capital inflows will boost reserves and domestic manufacturing. Durable foreign direct investment is preferred over short-term deposits. ...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

Know about history of Indian rupee: India's currency evolved from diverse regional money to a unified rup ...More

Know about history of Indian rupee: India's currency evolved from diverse regional money to a unified rupee. The Reserve Bank of India was established in 1935 to manage currency issuance. Decimalisation in 1957 changed how Indians counted their money. Today, digital payments and CBDC are transforming transactions. Polymer banknotes are now being trialled for future use. ...Less

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He high ...More

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states. ...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

The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation w ...More

The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid to relinquish its NBFC license. Tata Sons had cleared its debts and sought deregistration approximately two years ago. The regulator is expected not to mandate a listing until the application is resolved, which, in turn, affects the philanthropic ventures and investments of Tata Trusts. ...Less

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorpti ...More

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures. ...Less

In a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for ...More

In a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initiative seeks to promote transparency and bring consistency among financial institutions. While the new regulations are not expected to cause major shifts in loan EMIs or integrate NBFCs into the external benchmark framework, they will standardize operational practices and reinforce consumer protection strategies. ...Less

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the gov ...More

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digital payment transactions. Currently, UPI transactions remain free for users and merchants. Banks and payment firms seek sustainable revenue models for infrastructure. The government will decide which digital payment methods may attract future charges. ...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

The Reserve Bank of India is resuming urban cooperative bank licenses after two decades. Eligible credit ...More

The Reserve Bank of India is resuming urban cooperative bank licenses after two decades. Eligible credit societies need a minimum capital of Rs 300 crore and Rs 10,000 crore deposits. Applicants must show positive financial trends and sound credentials over five years. Societies with over ten years of existence and multi-state presence are eligible. The central bank will assess the fit and proper status of directors before approval. ...Less

The RBI kept the repo rate unchanged at 5.25% for the fourth straight policy review, retained its neutral ...More

The RBI kept the repo rate unchanged at 5.25% for the fourth straight policy review, retained its neutral stance, raised its FY27 growth forecast to 6.7%, and lowered the inflation projection to 5%. It also announced revised loan pricing norms, plans to resume urban cooperative bank licences, and expressed confidence in India's economic resilience despite global uncertainties. ...Less

Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is re ...More

Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration application. This classification mandates stricter regulations for at least five years. Tata Trusts wants Tata Sons to remain privately held. The Shapoorji-Pallonji Group seeks to unlock value through a listing. ...Less

Investment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With invest ...More

Investment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With investors drawn to the security of guaranteed dollar returns, fund managers are adjusting their tactics and reducing targets for offshore fundraising. This trend has prompted several clients to withdraw existing investments in favor of these attractive deposit schemes, signaling an anticipated capital reallocation after the September 30 cut-off. ...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 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

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

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

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

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

Hazra also shares his views on sector opportunities, the role of alternatives, and why financial assets a ...More

Hazra also shares his views on sector opportunities, the role of alternatives, and why financial assets are increasingly becoming a preferred avenue over direct real estate for long-term wealth creation. ...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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

New RBI Governor: Sanjay Malhotra, a seasoned bureaucrat, has been appointed as the 26th RBI Governor, su ...More

New RBI Governor: Sanjay Malhotra, a seasoned bureaucrat, has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. Malhotra, a 1990-batch IAS officer, will begin his three-year term on December 11, 2024. His appointment comes as the RBI faces challenges like inflation and slowing economic growth. Das's tenure, exceeding the typical five years, concludes on Tuesday. ...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

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the 26th RBI Governor. He will succeed S ...More

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the 26th RBI Governor. He will succeed Shaktikanta Das on December 11, 2024, for a three-year term. Malhotra currently serves as Revenue Secretary and previously held the Financial Services Secretary position. The appointment comes as the RBI addresses inflation and economic slowdown. ...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

Das, former economic affairs secretary, has assumed charge as the RBI Governor. ...More

Das, former economic affairs secretary, has assumed charge as the RBI Governor. ...Less

The government's decision to extend the term of the RBI governor D Subbarao by two years should bring som ...More

The government's decision to extend the term of the RBI governor D Subbarao by two years should bring some cheer to a market sorely in need of some. ...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

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

The central government has appointed Sanjay Malhotra, the current Revenue Secretary, as the new Governor ...More

The central government has appointed Sanjay Malhotra, the current Revenue Secretary, as the new Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, whose tenure ends on December 10. ...Less

Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discuss ...More

Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. ...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

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

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

RBI Governor Sanjay Malhotra discussed threats from money laundering and terror financing with President ...More

RBI Governor Sanjay Malhotra discussed threats from money laundering and terror financing with President Droupadi Murmu. Malhotra emphasized the need to strengthen financial systems and enhance risk assessment models to combat illicit activities, following recommendations from the Financial Action Task Force's evaluation. ...Less