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The Latest Breaking News from RBI

Rupee being increasingly used for imports and exports: RBI report

The Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers protection against exchange rate risks and reduces costs for trading partners. The Reserve Bank of India highlights this as a mutually beneficial development. The Rupee's internationalization is gaining…

The Economic Times

RBI to hold rates in June; majority now expect hike by year-end: Poll

The Reserve Bank of India is expected to hold its key interest rate steady in June. However, economists now foresee at least one rate hike by the end of the year. This shift is driven by concerns over elevated oil prices and a weakening rupee. Inflation remains below the RBI's…

The Economic Times

RBI flags US-Iran war's impact on rupee, lists measures to manage forex

The Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, the Middle East conflict and FII outflows. RBI intervened in forex markets and expanded measures such as SRVAs and local currency arrangements to stabilise the currency…

The Economic Times

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RBI highlights strong banking sector health, says lenders can withstand severe shocks

In the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid balance sheets, reflecting a significant uptick in asset quality and sturdy capital reserves. With gross bad loans hitting their lowest levels in decades, comprehensive stress tests reaffirmed that banks are well-prepared for…

The Economic Times

India steers boat through a risky channel between war clouds and El Nino

India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a…

The Economic Times

Rupee rises 5 paise to 95.53 against US dollar in early trade

The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment…

The Economic Times

View: Rupee crossing 100 may not be catastrophic, but can India convince the world about its growth story?

As the global economy wobbles, India's rupee approaches a significant dollar benchmark, influenced by surging oil import prices and substantial foreign capital exits. Even with a robust domestic economic framework, investors globally are wary of India's potential vulnerabilities. In light of these challenges, efforts are intensifying to position India as…

The Economic Times

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IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiency

The Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies. It also reduced banking sector non-performing assets significantly. Recoveries through IBC have improved, boosting investor confidence and economic growth.

The Economic Times

RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri Subbarao

Former RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested using liquidity measures instead of rate hikes if inflation risks rise. Subbarao has emphasised that monetary policy should be a last resort for exchange rate defence.

The Economic Times

SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projects

The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms. This follows a plea alleging diversion of thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. Advocate Prashant Bhushan highlighted a pattern of developers diverting funds and…

The Economic Times

RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya Banerjee

The Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance sheet at a time when rising global energy prices and prolonged geopolitical tensions are putting pressure on India's fiscal position, according to Anindya Banerjee, Head of Commodities and…

The Economic Times

Manoj Bajpayee was asked why the rupee is falling against the dollar at ‘Governor’ teaser launch; watch his sharp reply

The trailer for 'Governor: The Silent Saviour' is out, depicting India's 1990 economic crisis. Manoj Bajpayee stars as the RBI Governor, navigating the nation's financial turmoil. The film, based on real events, promises a gripping narrative. Bajpayee, a history honors graduate, emphasized the film will address economic concerns, highlighting the…

The Economic Times

Bank holiday for Bakri ID (Id-Uz-Zuha): Are banks open or closed today in your state on May 28, 2026?

Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch services are unavailable in affected regions, digital banking remains accessible. The holiday is observed as per the RBI's state-wise calendar, with exceptions in Odisha, Sikkim, Assam, and Arunachal…

The Economic Times

Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the past

Reserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the financial landscape. The article suggests that raising interest rates is now the only reliable way to protect the Indian Rupee. This move aims to make the currency more attractive…

The Economic Times

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The Economic Times

Are banks closed for 14 days in Pune due to curfew? Here's what police officials said amid social media claims

Pune Police have clarified that no 14-day curfew is being imposed in the city. Social media rumours about a curfew starting May 26, 2026, are false. Banks will operate as usual and are not affected by any curfew. Bank holidays are determined by the Reserve Bank of India. Customers should…

The Economic Times

Fuel price hikes may push inflation towards 5%, RBI likely to stay cautious: Economists

Retail inflation may reach 5 percent by June due to fuel price increases and higher gold and silver import duties. Economists believe the Reserve Bank of India will observe the impact of these hikes before considering interest rate changes in the latter half of the fiscal year.

The Economic Times

Is RBI running any donation or lottery compensation scheme? Check details

A fake email claiming to be from the Reserve Bank of India is circulating. It asks people to pay a credit fee for a 'Donation Program 2026' or to receive lottery compensation. The PIB Fact Check team has confirmed this is a phishing attempt. Citizens are warned not to share…

The Economic Times

Mobikwik gets RBI nod for offline payment aggregator licence

Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets significant growth in under-penetrated markets, aiming for 10x expansion in its merchant business by FY28.

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The Economic Times

Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter

The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall. Rising inflation concerns are prompting analysts to anticipate a Reserve Bank of India rate hike, though economists expect rates to remain steady. The…

The Economic Times

MobiKwik shares surge 8% after the company gets RBI nod for payment aggregator license

One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments business. The fintech firm also reported a return to profitability in Q4 FY26, supported by revenue growth and improving operational performance across its merchant ecosystem.

The Economic Times

RBI, rating firms assess Iran war risks on Indian companies

The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard creditworthiness. Authorities aim to prevent economic growth from being hampered by any emerging…

The Economic Times

Four myths about the falling rupee and what India must actually do

India's rupee is facing pressure from global events. The nation needs a plan to tackle weaknesses that amplify these impacts. Energy independence and boosting domestic manufacturing are key. Strengthening talent mobility and improving FTA utilization are also vital. These steps will build resilience against external shocks and support India's growth.

The Economic Times

RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra's Aditi Nayar

The Reserve Bank of India is expected to hold off on interest rate hikes. Inflation risks are rising due to fuel prices and monsoon uncertainty. A rate increase is only likely by year-end if price pressures continue. The central bank will monitor for broader inflationary effects before acting. This cautious…

The Economic Times

RBI tightens norms for re-appointment of directors on UCB boards

The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately,…

The Economic Times

Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM

India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the government previously absorbed over Rs 1 lakh crore in revenue through excise duty cuts to protect consumers from inflation. The minister also discussed managing global challenges and the evolving landscape for textile…

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