RBI

Former RBI Governor Urjit Patel appointed as Executive Director at IMF

Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday.

1 day ago

RBI bulletin flags US trade risks, notes strong rural demand, benign inflation outlook

The Indian economy remains resilient, backed by strong rural demand, but trade tensions with the United States could pose a downside risk to growth, the Reserve Bank of India said in its monthly bulletin released late on Thursday.

1 day ago

Indian bond traders seek RBI's intervention amid rising yields

Indian bond traders are calling for central bank intervention as a sharp drop in institutional buying has pushed yields higher, threatening to stall monetary transmission, market participants said on Tuesday.

4 days ago

RBI reaffirms growth-stability balance, downplays US tariff threat

The Reserve Bank of India has not lost sight of its growth objective and will continue to set monetary policy keeping in mind its primary objective of price stability while monitoring economic growth, Governor Sanjay Malhotra said on Monday.

5 days ago

India's forex reserves jump $1.49 billion to $695.11 billion

An increase in the country's foreign exchange kitty gives the RBI more headroom to strengthen the rupee vis-a-vis the US dollar. Adequate forex reserves enable the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall and curbing its volatility.

8 days ago

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

16 days ago

Indian stock market ends a tad lower after RBI keeps repo rate unchanged

Sensex settled at 80,543.99, down 166.26 points or 0.21 per cent. The 30-share index opened in negative territory at 80,694.98 against last session's closing of 80,710.25 ahead of the RBI's decision on rate cut in the morning. The index hit an intra-day low of 80,448.82 and a high of 80,834.43 amid a volatile session.

24 days ago

RBI leaves repo rate unchanged at 5.5 pc, sticks to neutral stance

The RBI Governor said that inflation had come down to much lower levels there was still some volatility in food prices, especially vegetables. However, core inflation had remained steady at around 4 per cent.

24 days ago

Indian stock market extends losses marginally after RBI MPC decisions

The Nifty 50 was trading at 24,569 as of 10.54 am, after an intraday decline of 0.33 per cent, while the Sensex stood at 80,473, down 0.29 per cent. Prior to the Monetary Policy Committee's decision, Nifty and Sensex were down 0.08 per cent and 0.07 per cent, respectively.

24 days ago

RBI pegs India's CPI inflation at 3.1 pc for FY26 amid strong monsoon, healthy kharif sowing

RBI Governor Sanjay Malhotra said, "The inflation outlook for 2025-26 has become more benign than expected in June. Large favourable base effects combined with steady progress of the southwest monsoon, healthy kharif sowing, adequate reservoir levels and comfortable buffer stocks of foodgrains have contributed to this moderation."

24 days ago

Sensex, Nifty slip amid new Trump tariff threat; all eyes on RBI MPC meet

Sensex declined 199 points or 0.25 per cent to 80,819 (as of 9.30 am). The Nifty slipped 44.05 points or 0.18 per cent to 24,678.70.

25 days ago

3-day RBI MPC begins, economists suggest 25 bps cut to mitigate impact of US tariffs

According to a latest SBI Research report, the RBI is expected to cut 25 bps in repo rates in light of soft inflation and global uncertainties — aiming to reinforce growth momentum while it has a policy window.

26 days ago

SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

The petitioner, Dr K.A. Paul, claiming himself to be "a prominent social activist, humanitarian, and President of Global Peace Initiative, which is dedicated to promoting peace and justice globally", said the plea was filed in the interest of millions of people and to protect the sanity and democracy in India by banning "illegal" betting apps.

29 days ago

RBI will deliver a final 25 bps rate cut in December: HSBC Global Research

"We forecast a pause in the August and October meetings. However, we believe the RBI will deliver a final 25bp rate cut in the December meeting, taking the repo rate to 5.25 per cent by end-2025," a HSBC Global Research report said.

Jul 15, 2025

India's gold reserves rise by $342 million, forex stands at $699.736 billion: RBI

India's forex reserves stood at $699.736 billion in the week ended July 4, the RBI said. In the previous reporting week, the overall reserves had jumped by $4.849 billion to $702.784 billion. The reserves had touched an all-time high of $704.885 billion in end-September 2024.

Jul 11, 2025

RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity

The move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the RBI, it received bids worth Rs 1,70,880 crore during the auction.

Jul 4, 2025

RBI advises banks to use DoT's Financial Fraud Risk Indicator to prevent cyber swindling

The RBI's advisory to all scheduled commercial banks, small finance banks, payments banks, and co-operative banks, issued on June 30, is a testament to the power of inter-agency collaboration in safeguarding citizens in India's growing digital economy, according to a DoT statement issued on Wednesday.

Jul 2, 2025

New biomass guidelines to change alternative energy future, ease of doing business

The guidelines also encourage significant simplification of documentation requirements. Developers of briquette and pellet manufacturing plants will no longer be required to submit number of documents related to clearance matters.

Jun 28, 2025

India clocks current account surplus of $13.5 billion in Jan-March quarter

Net services receipts increased to $53.3 billion in Q4 2024-25 from $42.7 billion in the same quarter of the previous year. Services exports have risen on a year-on-year basis in major categories such as business services and computer services, the RBI said.

Jun 27, 2025

India's economy remains resilient amid spike in global uncertainties: RBI

Agriculture showed a broad-based increase in production across most major crops during 2024-25. The domestic prices situation remains benign with headline inflation staying below the target for the fourth consecutive month in May, the report states.

Jun 25, 2025