The Latest Breaking News from RBI

Parliament proceedings | Rupee not collapsing, finding its natural course, says Nirmala Sitharaman

RBI is continuously monitoring the local currency and intervening only if there is volatility.

The Hindu · Aug 2, 2022

State guarantees to corporations, PSEs totals ₹1.67 lakh crore

MoS Bhagwat Karad responds to Uttam Kumar Reddy’s query in Lok Sabha 

The Hindu · Aug 1, 2022

Asia posts biggest 6-month drop in FX reserves since 2015-16

SINGAPORE: Foreign exchange reserves in Asia have recorded their biggest six-month decline in years, a testament to policymakers' determination to defend currencies facing persistent downward pressure from a strong US dollar.

Bangkok Post · Aug 1, 2022

Strengthening liberal democracy is essential for growth: Raghuram Rajan

The under-performance of the country in terms of economic growth “seems to indicate the path we are going on needs rethinking”, said former RBI Governor Raghuram Rajan at the All India Professionals Congress conclave

The Hindu · Jul 30, 2022

Morning Digest | Two pilots killed in IAF aircraft crash in Rajasthan; no better time for sports in India than now, says PM Modi, and more

A select list of stories to read before you start your day

The Hindu · Jul 29, 2022

Banks, financial institutions can look at having paperless branches: RBI discussion paper

MUMBAI: The Reserve Bank on Wednesday suggested that banks and other financial institutions could consider eliminating the use of paper at their branches as well as introduce e-receipts at ATMs.

The Times of India · Jul 27, 2022

Explainer: The worst of rupee's decline may be over

NEW DELHI: The worst of rupee's decline may be over as the US Federal Reserve may dial down the pace of monetary tightening in the second half of 2022, a report by SBI Research said. The Indian currency has depreciated almost 7% against the US dollar so far in this…

The Times of India · Jul 27, 2022

Whose GDP is it anyway?

It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework

The Hindu · Jul 26, 2022

Kolkata: Curious condo residents stunned as truck rolls in, takes away 15 trunks loaded with cash, gold

KOLKATA: When a blue mini-truck rolled into a condo in Tollygunge on Saturday afternoon and stopped at Tower 2, residents were taken aback to see 20 steel trunks in the vehicle’s carrier. They were sent by RBI, on ED’s request, apparently to take away the cash seized from Flat 1A.

The Times of India · Jul 23, 2022

Currency caution: On the Indian rupee’s depreciation

The rupee might still be overvalued despite the recent slump

The Hindu · Jul 22, 2022