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The Latest Breaking News from Reserve Bank of India

India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target

India saw its retail inflation rise to 4.45 percent in July compared to June's 4.38 percent, largely due to rising food prices, which are keeping consumer costs elevated. The Reserve Bank of India has adjusted its inflation prediction for FY27 down to five percent. Excluding precious metals, core inflation seems…

The Economic Times

When will government issue plastic currency notes? Minister reveals this in Parliament

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific…

The Economic Times

Indian bonds slip as crude hovers near $90

Indian government bonds declined on Tuesday as oil prices briefly surged past ninety dollars. Traders awaited inflation data for clues on the Reserve Bank of India's interest rate path. Elevated oil prices could potentially fuel inflation and strain India's fiscal balance. Ample banking system liquidity supported demand, especially for short-term…

The Economic Times

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RBI's Rate Pause Sustains Steady Momentum in Residential Real Estate

India's residential property sector remains robust, driven by consistent demand and advancements in infrastructure. The Reserve Bank of India's choice to hold the repo rate steady bolsters this positive trend, allowing homebuyers and property developers to make informed, future-focused decisions. With favorable financing conditions, developers can efficiently organize their project…

The Economic Times

ICICI Bank, Axis Bank tap dollar debt again in less than two months: Report

ICICI Bank and Axis Bank have returned to the U.S. dollar debt market, each looking to raise $300 million through upcoming bond issues, set to close for subscription next week. Notably, last month saw ICICI Bank raise a substantial $1 billion while Axis Bank secured $800 million. This bond issuance…

The Economic Times

RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan Stanley

The Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) could affect flexi and overdraft loan products across corporate, MSME and unsecured personal loan segments, according to a Morgan Stanley report.

The Economic Times

RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion

The Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to one hundred billion dollars by its closing date. These inflows are helping to stabilize the Indian rupee after a period of weakness. Additionally, tax-free government bonds are attracting foreign…

The Economic Times

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Profit-taking, debt supply stall India bond rally

Indian government bonds exhibited slight fluctuations as profit-taking coincided with substantial debt issuance. The supportive dovish stance from the Reserve Bank of India helped stabilize the situation. Since early August, bond yields have decreased by nearly seven basis points. Market participants are now focused on a major bond auction set…

The Economic Times

Banks welcome RBI's steady rates, see boost to credit growth

The Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered inflation projections. Bankers welcomed the policy stability and proposed regulatory measures for transparency. The central bank's decision reflects confidence in the domestic economy's resilience. This move supports…

The Economic Times

CREDAI, NAREDCO hail RBI policy, stable home loan interest rate to help sustain housing demand

Realtors welcomed the Reserve Bank of India's decision to maintain the repo rate. This stability in home loan interest rates is expected to sustain housing demand. The central bank kept its benchmark policy rate unchanged for the fourth consecutive meeting. RBI marginally raised the GDP forecast while slightly lowering the…

The Economic Times

Rupee hits one-month closing high as oil slide outweighs RBI pause

On Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Although the Reserve Bank of India's decision to maintain rates restricted further growth, analysts pointed out that immediate support lies around 94.75 with resistance levels…

The Economic Times

Plastic notes in India get a likely release date: Here's what RBI Governor said

Plastic currency notes may enter circulation at the start of next financial year. The Reserve Bank of India is targeting this rollout after completing field trials. These polymer notes will be introduced in ten and twenty rupee denominations. They are expected to be more durable and last significantly longer. Existing…

The Economic Times

India bonds jump as oil crashes, dovish RBI may further boost rally

Indian government bonds saw a notable rise on Wednesday morning, propelled by falling oil prices that created a favorable outlook for inflation prior to the upcoming RBI policy announcement. The Reserve Bank of India is anticipated to hold steady on key interest rates. Inflation projections will significantly inform the central…

The Economic Times

Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposal

RBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to harmonize guidelines and address operational aspects of current lending rate benchmarks. The proposed changes will standardize market practices concerning interest charging and benchmark reset dates. These measures…

The Economic Times

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The Economic Times

RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rules

The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate…

The Economic Times

RBI policy: Will high-interest rate cycle return for FD investors as RBI holds repo rate amid rising inflation?

RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is nearing the upper tolerance band, which could prompt future rate hikes. Banks monitor deposit-credit ratios and government security yields for rate decisions. High interest rates on small savings schemes also influence…

The Economic Times

RBI MPC: Home loan borrowers can breathe a sigh of relief, but how long their good days will last?

RBI repo rate: The Reserve Bank of India has maintained its repo rate at 5.25%, providing ongoing relief for home loan borrowers. This decision allows many borrowers to continue enjoying current low home loan interest rates. However, rising retail inflation and potential rate hikes may lead to higher interest costs…

The Economic Times

Rupee sails past 95 to one-month high, premiums drop before RBI decision

The Indian rupee hit a peak not seen in a month this Wednesday, thanks to lower oil prices and a dip in the U.S. dollar value. As forward premiums fall in anticipation of the Reserve Bank of India's impending policy meeting, traders express muted expectations regarding its effect on the…

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The Economic Times

India bonds rise on position building ahead of RBI policy

Indian government bonds saw a slight increase as traders positioned themselves before the RBI's policy announcement. The Reserve Bank of India is widely expected to maintain its key policy rate unchanged on Wednesday. Rising oil prices, however, limited the upward movement in bond yields during the session. Traders will closely…

The Economic Times

Competing cues, caution ahead of RBI policy decision keep rupee nearly flat

The rupee remained stable as traders awaited the Reserve Bank of India's policy announcement. Foreign bank dollar sales and importer hedging demand influenced currency movements throughout the day. Banking system liquidity improved, leading to lower forward premiums on dollar-rupee trades. Economists anticipate the central bank will maintain current policy rates…

The Economic Times

India bonds end flat as oil drop offsets index setback

On Monday, Indian government bonds experienced a flat close following a day of volatility. A sharp decline in oil prices provided some respite after Bloomberg's recent decisions. The benchmark bond yield remained unchanged as traders adopted a cautious stance, awaiting the Reserve Bank of India's upcoming policy announcement this week.…

The Economic Times

Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?

Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities. Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through…

The Economic Times

Rupee climbs to one-month peak of 95.13 vs USD on oil slump, stronger inflows

The Indian rupee reached a one-month high as oil prices declined and foreign inflows increased. The Reserve Bank of India is expected to maintain current interest rates this week. Analysts anticipate a cautious policy statement from the central bank regarding inflation. Oil prices fell significantly after the US President sought…

The Economic Times

RBI's FCNR, forex schemes draw $40.81 billion in inflows so far

Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in foreign exchange influx, of which $36.7 billion derived from Foreign Currency Non-Resident deposits. Support also came through swap facilities for External Commercial…

The Economic Times

India bonds log first monthly loss in four as surging oil, Treasury yields sting

In July, Indian government bonds faced their first monthly loss after a four-month streak of gains. The surge in oil prices and rising U.S. Treasury yields led to a drop in bond prices, prompting foreign investors to sell off their holdings as the month concluded. Attention now shifts to the…

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