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The Latest Breaking News from Reserve Bank of India

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 · Aug 3

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 · Aug 1

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…

The Economic Times · Jul 31

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India bonds slip on Fed uncertainty, war worries

On Thursday, Indian government bonds faced a decline for the third consecutive day. The rise in U.S. Treasury yields dampened enthusiasm for Indian debt instruments, while escalating geopolitical tensions from the Gulf region further affected market dynamics. Additionally, concerns about the Federal Reserve's ambiguous interest rate plans placed additional strain…

The Economic Times · Jul 30

Weak investments, higher oil prices to slow India's GDP growth to 6.6% in FY27: Poll

India's economic growth is projected to slow significantly this fiscal year. Private investment remains weak, and higher oil prices will impact domestic demand. Economists suggest official figures may overstate the economy's true underlying strength. Companies hesitate to expand capacity due to demand uncertainty and global factors. The Reserve Bank of…

The Economic Times · Jul 28

Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currency

The government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and twenty rupee polymer notes will undergo field trials. These new notes are expected to be more durable and have a longer lifespan. The introduction of polymer notes is still in…

The Economic Times · Jul 27

Saturday bank holiday: Are banks open or closed today on July 25, 2026?

Banks across India will remain closed on Saturday? Reserve Bank of India guidelines mandate banks close on second and fourth Saturdays. Digital banking services will remain accessible for customers throughout the day. However, certain transactions will require a visit to a bank branch.

The Economic Times · Jul 25

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Foreign banks show strongest rate transmission in current RBI easing cycle: Bulletin

Foreign banks showed strongest policy easing transmission during the rate-cut cycle. They lowered lending rates more sharply than other bank types. Deposit rates also saw steeper reductions from foreign banks. The Reserve Bank of India reduced its repo rate by 1.25 percentage points. This easing cycle occurred between February 2025…

The Economic Times · Jul 22

Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS Finance

Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve…

The Economic Times · Jul 21

India bonds fall as Middle East escalation drives oil above $90

On Tuesday, Indian government bonds experienced a downturn, attributed to escalating crude oil prices. The pressure was further compounded by higher cut-off yields observed during a state debt auction. Although robust inflows from the Reserve Bank of India's deposit scheme offered some stability, the potential for rising inflation and an…

The Economic Times · Jul 21

HDFC Bank CEO reappointment delayed by board review, sources say

HDFC Bank has delayed recommending CEO Sashidhar Jagdishan's reappointment to the Reserve Bank of India (RBI) as its independent directors conduct an additional review, Reuters reported citing sources. The review is examining media reports alleging the bank offered preferential rates on certain large deposits, though sources said no wrongdoing has…

The Economic Times · Jul 20

RBI Governor flags Iran war, weak monsoon as the biggest risks to India’s inflation and economic growth

Elevated inflation persists due to West Asian tensions and a weak monsoon outlook. The Reserve Bank of India maintains its policy rate, diverging from global peers. Governor Malhotra stated that domestic inflation pass-through has remained limited so far. India's economic fundamentals remain strong despite geopolitical uncertainties and growth forecasts. Policymakers…

The Economic Times · Jul 20

Can banks increase FD interest rates as inflation crosses RBI’s target of 4%?

Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small…

The Economic Times · Jul 16

Rupee edges higher; options market gauge turns most bearish in over a month

The Indian rupee strengthened modestly on Wednesday against the U.S. dollar. Easing U.S. Federal Reserve rate hike bets supported the rupee's upward movement. Elevated oil prices and Middle East tensions caused trader caution and market anxiety. The Reserve Bank of India's daily reference rate saw significant dollar selling. Bond yields…

The Economic Times · Jul 15

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The Economic Times · Jul 14

Citi, others dial back India rate hike calls as inflation expected to stay moderate

Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose to 4.38% in June, exceeding the RBI's target. Core inflation remained around 4%, suggesting a lower annual average. This shift means the Reserve Bank of India may not tighten policy soon. Future rate hikes depend on sustained…

The Economic Times · Jul 14

India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: Report

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The Reserve Bank of India introduced a zero-cost foreign-exchange swap facility for these deposits. Banks can now offer higher returns and leverage these funds, making…

The Economic Times · Jul 14

India inflation risks mount on renewed US-Iran tensions, El Nino

India's inflation faces an uncertain future outlook. Renewed tensions in the Strait of Hormuz may increase oil prices. An intensifying El Niño raises concerns about higher food costs. Economists expect the Reserve Bank of India to maintain rates. Policymakers are watching closely for broader price pressures.

The Economic Times · Jul 13

India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months

India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need…

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The Economic Times · Jul 10

RBI is right to act on digital payment fraud. But some safeguards need sharper design

Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed new safeguards to address these growing concerns. A one-hour lag on large transactions aims to reduce financial losses from fraud. Additional authentication for vulnerable users and scrutiny of mule accounts…

The Economic Times · Jul 10

Rupee little changed as traders tread gingerly with eye on oil, dollar

The Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw gains as Fed rate hike expectations eased. Renewed Middle East tensions kept traders cautious about directional positions in the currency. Analysts remain constructive on the rupee, citing Reserve…

The Economic Times · Jul 9

Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdge

Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for…

The Economic Times · Jul 6

This SGB delivers 190% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.90 lakh

Sovereign Gold Bond (SGB) 2020-21 Series-IX investors can now redeem their bonds prematurely from July 4, 2026. The Reserve Bank of India has fixed the premature redemption price at Rs 14,366 per unit, reflecting a significant 190.22% return on the initial investment.

The Economic Times · Jul 6

Indian banks slash short-term debt sales on cheaper forex funding

Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and…

The Economic Times · Jul 2

India unlikely to raise inflation target, RBI Governor Sanjay Malhotra says; expects strong growth

India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra suggesting a potential long-term reduction. He highlighted the success of the current inflation-targeting framework in lowering average inflation. Despite expectations of a rise, inflation remains below the central bank's 4% target, and the economy…

The Economic Times · Jun 27

FEMA rules revision: Exporters flag at least half-a-dozen worries

Indian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liquidity. Key concerns include a contraction in export credit, a proposed restriction on future exports for delayed payments and procedural hurdles in merchanting trade and the EDPMS system.

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