reserve bank of india

Mumbai, April 7 The rupee depreciated by 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained cautious ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review.Forex traders...

Mumbai, April 7 The rupee depreciated by 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by continued withdrawal of foreign capital, a strong dollar, and higher crude oil prices amid a volatile geopolitical situation.Forex traders said the USD/INR pair remains...

Mumbai, April 6 The rupee gained 28 paise to close at 92.90 against the US dollar on Monday, following measures taken by the Reserve Bank to curb speculative activity and dampen volatility in the Indian currency.Forex traders said that while the RBI's measures are positive for the rupee...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 6 – Finance Minister Nirmala Sitharaman stated on Monday that fiscal prudence has given the government the flexibility to maintain capital expenditure (capex) and support sectors affected by the crisis in West Asia.Furthermore, she said that the Reserve Bank can consider...

Mumbai, April 6 The Reserve Bank on Monday said that the investment limit for foreign portfolio investors in government securities through the general route will remain unchanged at 6 per cent of the outstanding stock of securities for 2026-27.Also, the allocation of incremental changes in the...

New Delhi, April 6 Finance Minister Nirmala Sitharaman said on Monday that India has fiscal space to support sectors affected by the escalating West Asia crisis, while the Reserve Bank has room to cut interest rates to deal with global challenges.The Monetary Policy Committee, headed by the...

Mumbai, April 6 The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following Reserve Bank initiatives aimed at curbing speculative activity and dampening volatility in the rupee.Forex traders said that while the RBI measures are rupee-positive, continued...

April 06, New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting is scheduled to begin on Monday, with investors and economists closely monitoring for signals regarding interest rates and inflation outlook.The meeting is taking place amid heightened global uncertainty...

Mumbai, April 6 The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following the RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.Forex traders said...

New Delhi, April 5 Gold and silver are expected to remain within a range with a positive bias next week as investors monitor geopolitical developments in West Asia and key global macroeconomic data, analysts said.On the domestic front, investors will also be looking for the Reserve Bank of...

New Delhi, April 5 The domestic stock market is expected to remain volatile this week as investors track the Reserve Bank's monetary policy decision, key global macroeconomic data, and the impact of the West Asia conflict, analysts said.Movements in crude oil prices and foreign fund flows will...

Mumbai, April 5 The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists.The continuing geopolitical tensions in West Asia...

Mumbai, April 3 India's foreign exchange reserves declined by USD 10.288 billion to USD 688.058 billion during the week ended March 27, the Reserve Bank of India (RBI) said on Friday.In the previous reporting week, the overall reserves had declined by USD 11.413 billion to USD 698.346 billion...

Mumbai, April 3 Experts say that the Reserve Bank of India's Benchmark Issuance Strategy (BIS) for select states is expected to improve transparency and liquidity in the State Development Loan (SDL) market.According to market experts, the impact on borrowing costs and yield spreads is likely...

New Delhi, April 3 The Reserve Bank of India (RBI) has granted approval to Dubai-based Emirates NBD Bank to acquire up to 74% stake in RBL Bank, paving the way for the bank to become a foreign lender.The approval from the RBI came on April 1, with a validity of one year, RBL Bank said in a...

Mumbai, April 2 The Reserve Bank on Thursday allowed both residents and non-residents to exchange Indian rupee notes at foreign exchange counters in departure halls at international airports, beyond the immigration or customs desk.Previously, such foreign exchange counters were only allowed to...

New Delhi, April 2 The pressure on Indian banks could increase, as the Reserve Bank of India's (RBI) ability to inject local-currency liquidity into the banking system has narrowed amid efforts to contain rupee volatility, a report said on Thursday.However, banks' direct foreign-currency risks...

New Delhi, April 2 Transactions through the Unified Payments Interface (UPI) reached a record high of 22.64 billion in terms of volume in March."UPI achieves 22.64 billion transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's...

Mumbai, April 2 The rupee registered one of its largest single-day gains in many years and closed 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank intervened with a series of measures to restrict banks from trading in the onshore forward markets...