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"reserve-bank-of-india"

  • Rupee strengthens 6 paise to 95.39 against dollar

    The rupee gained 6 paise to settle at 95.39 against the US dollar on Friday, supported by lower global crude prices and RBI intervention. However, a stronger dollar and foreign investor outflows kept the domestic currency under pressure
  • Syed Akbaruddin appointed RBI central board director for four years

    Former Indian Ambassador to the UN Syed Akbaruddin has been appointed a part-time, non-official director on the RBI central board for four years. The appointment was notified on August 22, along with Annie George Mathew and Janmejaya Kumar Sinha.
  • RBI to stay in ‘wait-and-watch’ mode, supply side induced hike in inflation under watch

    Yes Bank expects the RBI to maintain a wait-and-watch approach on interest rates despite rising inflation, as supply-side shocks have not triggered broad second-round effects. July WPI inflation eased slightly to 9.8 per cent, while manufacturing input pressures remain elevated
  • Ali Mohammad, Nikhat Banu clinch singles titles at Telangana State-rank table tennis tournament

    Ali Mohammad of HDTTA and Reserve Bank of India’s Nikhat Banu won the men’s and women’s singles titles at the Gujarati Seva Mandal Telangana State-rank Table Tennis Tournament. The event featured competitions across senior and junior categories
  • RBI reforms may unlock $50 billion capital inflow for banks

    RBI’s recent liquidity measures and regulatory reforms could help India’s banking sector attract nearly $50 billion in capital, strengthening liquidity and capital buffers. A Uniqus Consultech report said FCNR(B) deposits and policy changes have boosted foreign currency inflows
  • Rupee slips to 95.45 per dollar on weak equities and strong US currency

    The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support
  • RBI Guv asks banks to build meaningful human oversight, not blame AI models for faulty decisions

    RBI Governor Sanjay Malhotra urged banks to maintain meaningful human oversight while deploying artificial intelligence, stressing that accountability for AI-driven decisions must remain with banks. He called for explainable models, stronger governance, data privacy, bias controls and safeguards against cybersecurity risks
  • RBI likely to hold interest rates as inflation stays within target

    The Reserve Bank of India (RBI) is expected to keep key interest rates unchanged in its August 4 monetary policy review, prioritising economic growth as inflation remains within the tolerance band. Retail inflation stood at 4.38% in June, largely due to global oil prices, but public sector oil firms absorbed much of the impact.
  • NRIs can bring USD 70-80 billion through FCNR initiative: Expert

    Non-Resident Indians can potentially bring USD 70-80 billion into India through the ongoing FCNR initiative, according to experts. The scheme, supported by higher bank interest rates, aims to strengthen India's foreign exchange reserves and attract greater overseas investment before September 30, 2026
  • India’s forex reserves jump $7.26 bn on gold, FCNR-B inflows

    India’s foreign exchange reserves jumped by $7.26 billion to $674.19 billion in the week ended July 3, reversing the previous week’s decline. Gold reserves rose sharply, SDR holdings increased, and banks are seeing stronger inflows under the revised FCNR-B deposit scheme.
  • RBI likely to hold repo rate at 5.25 pc as geopolitical risks ease: Report

    The Reserve Bank of India is expected to maintain a wait-and-watch stance and keep the repo rate at 5.25% amid easing global tensions. Policymakers will monitor monsoon progress, inflation trends and crude oil prices before making future policy decisions
  • RBI compounds FEMA violations of Sai Rayalaseema Paper Mills

    The Reserve Bank of India (RBI) has issued compounding orders under Section 15 of FEMA against Sai Rayalaseema Paper Mills, Cigniti Technologies, and ZIFY Tech Solutions, allowing them to settle violations with one-time payments.
  • RBI likely to reopen licensing window for urban co-operative banks: Report

    The Reserve Bank of India is likely to resume issuing licences for new urban co-operative banks after a two-decade pause. Improved regulatory oversight, financial inclusion goals and stronger sector support have encouraged the move, though capital and governance challenges remain
  • RBI measures may attract nearly $50 billion in foreign inflows: Report

    The RBI’s latest policy measures aimed at boosting foreign capital inflows could attract nearly $50 billion, according to ICICI Bank Global Markets. Analysts say expanded investor access, improved liquidity measures and bond market reforms may further strengthen inflows and support the rupee
  • RBI keeps policy rate unchanged for second time in row amid West Asia crisis

    The RBI kept the repo rate unchanged at 5.25% for a second consecutive policy review, citing risks from rising crude oil prices, West Asia conflict-related supply disruptions, rupee depreciation, and potential inflation pressures despite retail inflation remaining close to its 4% target
  • RBI dismisses gold sale rumours; physical reserves stand steady at 880.52 tonnes

    The Reserve Bank of India has dismissed reports suggesting it liquidated USD 12 billion in gold to defend forex reserves. The RBI confirmed physical gold stocks remain unchanged at 880.52 tonnes, despite severe macro pressures on the rupee
  • RBI balance sheet expands 20.6 per cent to Rs 91.97 lakh crore in FY26

    The RBI’s balance sheet expanded 20.6 per cent to Rs 91.97 lakh crore in FY26, driven by strong growth in domestic investments, gold holdings and foreign investments. The central bank also declared a record dividend of around Rs 2.87 lakh crore to the Centre
  • Congress questions Centre’s finances after record RBI dividend

    The Congress claimed the Centre’s finances are weaker than projected after the Reserve Bank of India announced a record Rs 2.87 lakh crore dividend to the government. Congress leader Jairam Ramesh alleged the payout was boosted through adjustments to the contingency risk buffer
  • RBI announces record Rs 2.87 lakh crore dividend to government amid West Asia crisis

    The RBI announced a record Rs 2.87 lakh crore dividend to the government for FY26, boosting finances amid the West Asia conflict. The Central Board also raised the Contingent Risk Buffer, as rising energy prices and rupee depreciation strain imports
  • RBI announces record Rs 2.87 lakh crore dividend to Centre

    The Reserve Bank of India announced a record dividend payout of Rs 2.87 lakh crore to the Centre for FY26. The surplus transfer comes amid geopolitical challenges and follows strong growth in the central bank’s net income and balance sheet during the financial year
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