RBI

Easy Money Can Lead To Jail, RBI Warns Public Against Becoming Money Mules Through Bank Accounts

Banks register rise in NRI deposits under RBI's new scheme

The RBI's decision to bear hedging costs and relax interest rate caps until September 30, 2026, has enabled banks to offer higher returns, with the aim of attracting more overseas funds, boosting foreign exchange reserves and supporting the rupee.

6 days ago

RBI appoints Ravi Shankar as Executive Director effective July 1

As a career central banker statistician, Shri Shankar has experience of over three decades in the Reserve Bank having worked in the areas of corporate, banking statistics, government securities market and settlement systems, debt management, and surveys in the Reserve Bank.

8 days ago

India's external debt increases to $762.8 billion as non-government borrowings rise: RBI

India's external debt increased by $26.3 billion year-on-year to $762.8 billion at the end of March 2026, according to RBI data. The external debt-to-GDP ratio rose to 20.8 per cent from 19.8 per cent a year earlier, driven mainly by higher non-government borrowings, while government debt declined.

9 days ago

India's forex reserves climb nearly $1 billion to $672.5 billion

India's Forex Reserves Rise Nearly $1 Billion to $672.59 Billion; Gold Reserves Jump $4.11 Billion

The RBI also issued operational clarifications on FCNR-B deposits and announced swap support measures, which are expected to boost foreign currency inflows from non-resident Indians.

13 days ago

RBI injects Rs 1.41 lakh crore into banking system

RBI infuses ₹1.41 lakh crore to ease liquidity crunch in banking system

RBI injected over ₹1.41 lakh crore into the banking system through a seven-day Variable Rate Repo (VRR) auction after liquidity slipped into a deficit of nearly ₹20,000 crore. The move aims to ease short-term funding pressures caused largely by GST-related outflows

16 days ago

RBI allows banks to offer higher interest on NRI deposits to draw more foreign funds

The RBI has temporarily relaxed interest rate restrictions on fresh FCNR(B) and NRE deposits until September 30, allowing banks to offer higher returns to non-resident Indians. The move is aimed at attracting more foreign currency inflows, boosting India's forex reserves and supporting the rupee.

22 days ago

Sensex Slides Over 450 Points, Nifty Below 23,100 Amid West Asia Tensions

Indian equity markets traded sharply lower on Thursday morning as escalating tensions in West Asia and a surge in crude oil prices dampened investor sentiment. The Sensex fell over 450 points to an intraday low of 73,518, while the Nifty slipped more than 100 points to 23,072.

28 days ago

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

Rupee Strengthens To 94 Per Dollar As RBI Moves To Ease External Pressures

RBI introduced incentives for FCNR(B) deposits, eased norms for foreign investments, and expanded access to government securities. The measures helped the rupee recover from recent record lows driven by rising crude oil prices, foreign fund outflows, and geopolitical tensions in West Asia.

Jun 5, 2026

Gold, silver rise up to 2 pc amid softer dollar and easing crude prices

PIB Fact Check dismisses claims of RBI selling $12 billion gold reserves as fake

According to official RBI figures, gold accounted for 13.92% of forex reserves in September 2025, rising to 16.70% by March 31, 2026, and further to 16.85% as of May 22, 2026. The RBI's physical gold holdings remained largely unchanged at around 880 metric tonnes, contradicting claims of any major sale.

Jun 3, 2026

RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI is advancing cross-border CBDC collaborations with Singapore and the UAE, while joining international initiatives to improve digital payment systems. The central bank plans to widen CBDC use cases despite e-rupee circulation remaining relatively low at Rs 1,016 crore as of March 2025.

May 29, 2026

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

RBI Governor Sanjay Malhotra said the rupee is likely to appreciate once tensions in West Asia ease. The rupee has weakened due to external shocks, but remains fundamentally stable in both nominal and real effective exchange rate (REER) terms.

May 25, 2026

RBI Signals Focus on Inflation Over Rupee as India's Economy Stays Resilient Amid West Asia Crisis

While inflation rose to 3.5 per cent due to food prices, it remained within the RBI's tolerance band. Instead, policymakers are expected to prioritise inflation management and economic growth while using alternative tools such as dollar sales and liquidity measures to stabilise the rupee.

May 22, 2026

India forex reserves rise to $703.3 billion amid West Asia tensions

India's Impending Forex Crisis: The Unplugged Leak - A Systemic Multi-Channel Drain on National Economic Sovereignty

IPO-related capital recycling, weak net FDI, rising overseas investments by Indian firms, sustained foreign investor outflows and alleged misuse of the Liberalised Remittance Scheme (LRS) have collectively led to massive forex leakages over the past decade.

May 19, 2026

India's forex reserves jump $6.3 billion to $696.99 billion on surge in gold holdings

India's forex reserves rose by $6.3 billion to $696.99 billion in the week ended May 8, mainly due to a sharp rise in gold reserves, according to RBI data. Gold holdings jumped by $5.64 billion, while foreign currency assets also increased slightly.

May 15, 2026

No WFH mandate,travel all around the world for business: Piyush Goyal clarifies after PM Modi's appeal

Piyush Goyal defended PM Modi's austerity appeal amid the West Asia crisis, clarifying that the government is not against business travel but is urging citizens to cut leisure spending, conserve fuel and spend responsibly.

May 13, 2026

When the Numbers Protest: CFO Exit, Auditor Dissent, and the New Grammar of Corporate Risk in India

When Numbers Protest: CFO Exit, Auditor Dissent, and New Grammar of Corporate Risk in India

The ₹70-crore lawsuit filed by former IndusInd Bank executive Gobind Jain against IndusInd Bank and the Reserve Bank of India highlights larger concerns around corporate governance, disclosure delays, and regulatory oversight rather than just an employment dispute.

May 7, 2026

Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

98.47 pc of Rs 2,000 notes returned since withdrawal announcement: RBI

(RBI) has said that 98.47% of ₹2,000 notes in circulation have been returned since their withdrawal was announced on May 19, 2023. The total value has dropped sharply from ₹3.56 lakh crore to ₹5,451 crore as of April 30, 2026.

May 1, 2026

RBI tightens e-mandate rules, makes extra authentication mandatory for recurring payments above Rs 15,000

The rules apply across all digital payment modes including cards, UPI, and prepaid instruments, covering both domestic and international transactions. High-value recurring payments such as insurance premiums, mutual fund subscriptions, and credit card bills above ₹1 lakh will also require enhanced authentication.

Apr 21, 2026

India's forex reserves jump $9.06 billion to $697.12 billion

Gold reserves jumped significantly, while foreign currency assets—the largest component—also recorded a steady rise. Minor increases were seen in special drawing rights, while India's reserve position with the International Monetary Fund remained unchanged.

Apr 11, 2026

RBI proposes 1-hour delay for UPI transfers above ₹10,000 as safety measure

The RBI has proposed a one-hour delay for digital payments above Rs 10,000 to curb rising frauds, which hit Rs 22,930 crore in 2025. The discussion paper outlines safeguards like trusted-person authentication for seniors, capped credits with verification, and a "kill switch" to block transactions. The move targets APP fraud driven by social engineering.

Apr 10, 2026

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