The Latest Breaking News from RBI

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

State has not utilised short-term funding facilities from RBI

This is an indication that the State has adequate liquidity, say experts

The Hindu · Jul 31, 2022

Keep away from unauthorised loan apps, SP cautions youth

Check RBI website for approved firms before applying for loan, says Deepika

The Hindu · Jul 31, 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

Despite pressures, the Indian rupee’s remarkable resilience

Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times

The Hindu · Jul 22, 2022

You buy umbrella to use it when it rains: Shaktikanta Das on using forex reserves to tackle rupee volatility

MUMBAI: Amid the rupee falling against the US dollar, RBI governor Shaktikanta Das on Friday said "you buy an umbrella to use it when it rains!', indicating that the central bank is using foreign exchange reserves to deal with currency volatility.

The Times of India · Jul 22, 2022