The Latest Breaking News from RBI

Rupee slips 5 paise to close at all-time low of 77.55 per dollar

MUMBAI: The rupee pared its initial gains and settled 5 paise lower at its fresh lifetime low of 77.55 against the US dollar on Friday, as inflation concerns and strength of the American currency weighed on the local unit.

The Times of India · May 13, 2022

NCP slams BJP over inflation, says ‘achhe din’ term needs to be archived and forgotten

The BJP had raised the ‘achhe din’ slogan during the 2014 Lok Sabha polls campaigning

The Hindu · May 13, 2022

Did the RBI wait too long to raise interest rates?

It could have started highlighting inflationary worry points in February

The Hindu · May 12, 2022

India’s vulnerability in the global economic tumult

There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions 

The Hindu · May 11, 2022

Control inflation by acting on liquidity

Inflation in India cannot be described just as ‘cost-push’; an abundance of liquidity has been an important factor

The Hindu · May 10, 2022

SBI hikes interest rates on bulk term deposits by 40-90 basis points

MUMBAI: Country's largest lender State Bank of India on Tuesday announced a hike of 40-90 basis points in the interest rates on several bulk term deposits.

The Times of India · May 10, 2022

EV@30: How adequate finances, infrastructure can provide fillip to India's EV dreams

NEW DELHI: The next few years are going to be crucial for India’s transition to electric vehicles, with the Centre targeting to achieve at least 30 per cent sales to be electric by 2030.

The Times of India · May 10, 2022

Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields

MUMBAI: Extending its losses for a second day, the rupee on Monday slumped by 54 paise to close at a record low of 77.44 against the US dollar, pressured by the strength of the American currency overseas and unabated foreign fund outflows.

The Times of India · May 9, 2022

RBI intervenes to defend rupee, ready to do more

NEW DELHI: The Reserve Bank of India (RBI) is intervening in all foreign-exchange markets and will continue to do so to protect the rupee that slid to a record low Monday, said a person familiar with the matter.

The Times of India · May 9, 2022

Interest rate hike wasn’t surprising, timing was: Finance Minister Sitharaman

The Finance Minister asserted that the rising cost of funds will not impact the government’s planned infrastructure investments

The Hindu · May 8, 2022