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The Latest Breaking News from the Reserve Bank of India

India's central bank withdraws over 6 trillion rupees of bank liquidity after record spike

The Reserve Bank of India absorbed more than ₹6 trillion through liquidity withdrawal operations after banking system surplus hit a record ₹11.6 trillion. Banks parked ₹2.59 trillion in a 30-day auction, while ₹3.53 trillion was offered in an overnight auction. The RBI may deploy additional reverse repos, market stabilisation bonds…

The Economic Times

Indian central bank liquidity move may lift bonds

Following the Reserve Bank of India's recent cash withdrawal operation, Indian government bonds are poised for potential gains. However, the upward movement may be constrained by high oil prices and Treasury yields. The central bank initiated a 30-day variable rate reverse repo operation aimed at curbing liquidity in the banking…

The Economic Times

228% return on SGB premature redemption date today: Gold bond turns Rs 1 lakh investment into nearly Rs 3.28 lakh

The Reserve Bank of India has announced the premature redemption terms for the SGB 2021-22 Series VI gold bond. Investors can redeem this series starting September 7, 2026, with the redemption value calculated from the average gold prices over the last three business days.

The Economic Times

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Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources say

Indian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of India. Banking system liquidity reached a record high following foreign currency deposits. The central bank has several tools to manage liquidity effectively. Lenders urged the RBI to avoid…

The Economic Times

Up to 290% gains! SBI, Federal Bank make massive windfall as Arcil’s Rs 733-crore IPO hits D-Street

SBI and Federal Bank have gained 281% and 292%, respectively, on Arcil investments as the asset reconstruction company launches its Rs 733-crore IPO. The entirely OFS issue opens September 9, with Arcil reporting stronger FY26 profit and revenue growth overall.

The Economic Times

Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion

India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best…

The Economic Times

Former diplomat Syed Akbaruddin appointed to RBI central board for 4 year term

Former diplomat Syed Akbaruddin joins the Reserve Bank of India Central Board. He will serve as a part-time, non-official director for four years. The board oversees the central bank's general direction and business affairs. Akbaruddin brings extensive experience in international affairs and governance. His appointment enhances the board's expertise in…

The Economic Times

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D-Street poised for a positive start as GIFT Nifty trades firmly higher

The Nifty index fell for a third straight day, closing lower amid rising market volatility. Analysts suggest markets may face continued pressure due to oil prices and bond yields. Foreign portfolio investors and domestic institutional investors were net buyers of shares on Wednesday. The Indian rupee ended little changed, supported…

The Economic Times

RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact

The Indian rupee showed little movement on Wednesday, hovering in a narrow range. Support from the Reserve Bank of India helped mitigate the growing dollar demand from importers. The fluctuations in oil prices and Treasury yields also played a role in the currency's stability. Experts predict the rupee will maintain…

The Economic Times

Banks slash FCNR (B) interest rates: HDFC Bank, ICICI Bank, SBI, PNB, Axis Bank revise rates on 3-5-year deposits

FCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which had higher interest rates after the Reserve Bank of India (RBI) announced a relief on hedging costs.

The Economic Times

Indian 10-year bond yield tops 7% on global debt rout, oil rally

Indian government bonds declined early Wednesday, with yields briefly exceeding seven percent. A global debt selloff and rising oil prices are impacting investor sentiment. Higher developed market yields reduce emerging market debt attractiveness and can spur outflows. Brent crude prices surged, increasing India's vulnerability to inflation and fiscal strain. Markets…

The Economic Times

India bonds inch lower, joining global debt selloff

The Indian bond market saw a downturn, reflecting a broader global selloff in debt markets. Escalating geopolitical conflicts and soaring oil prices raised inflation fears in India, leading to intensified speculation regarding potential interest rate hikes by the Reserve Bank of India. Additionally, foreign investors experienced their first month of…

The Economic Times

RBI intervention, dollar flows push Indian rupee to two-month peak

The Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in from foreign banks. Positive domestic growth indicators bolstered confidence in the rupee. However, rising global bond yields and increased crude oil prices acted as constraints, while the Reserve…

The Economic Times

RBI appoints Suman Ray as Executive Director, to head DICGC and Premises Department

Suman Ray will assume the role of Executive Director at the Reserve Bank of India. His appointment is effective from September 1, 2026, as announced by the central bank. Previously, Ray served as the Regional Director for Maharashtra and has extensive experience. He will now oversee the Department of Deposit…

The Economic Times

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The Economic Times

Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four months

By the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of foreign currency deposits. The Reserve Bank of India has adeptly utilized reverse repo auctions to manage the excess liquidity. This comfortable liquidity scenario is enhancing…

The Economic Times

Kotak Mahindra Bank recommends two internal candidates for CEO, sources say

Kotak Mahindra Bank has recommended two internal candidates to succeed its CEO. Executive directors Anup Saha and Paritosh Kashyap were named for the role. These recommendations are for the Reserve Bank of India's approval. The current CEO's term concludes on December 31, 2026. The bank aims to accelerate its growth…

The Economic Times

India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aim

India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh…

The Economic Times

HDFC Bank weighing deputy MD Bharucha, outsider for CEO: Report

HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This search follows recent leadership changes and governance concerns. Sashidhar Jagdishan's retirement is scheduled for October after his second term. The Reserve Bank of India must approve…

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The Economic Times

India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jump

India's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation's external reserves. Foreign currency assets and gold reserves drove this substantial increase. The Reserve Bank of India's measures have attracted considerable forex inflows. These reserves are now higher than…

The Economic Times

India bonds wobble as supply, RBI cash-drain risks loom

On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and concerns over RBI's liquidity stance. The results from the treasury bill auction reflected weak demand, driving yields upward. Speculation is building that the Reserve Bank of India may take steps to curtail excess liquidity, preparing…

The Economic Times

RBI is showing up whenever rupee weakens in intervention shift

India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's intervention capacity. The currency's near-term volatility has fallen close to a ten-month low. Higher crude prices and narrowing interest rate differentials add pressure. The RBI faces a delicate balance between…

The Economic Times

RBI net absorbed $561 million in June as inflows picked up

In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May to stabilize the rupee, the central bank recorded nearly $73 billion in inflows from early…

The Economic Times

India bonds log worst week in FY27 on RBI surprise U-turns

Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in…

The Economic Times

Gold bond premature redemption calendar for October 2026-March 2027 released: Check all SGB exit dates to redeem your investments

The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowing investors to withdraw funds between October 2026 and March 2027. Applications for early withdrawal must be made through approved channels, such as banks and post offices. It's imperative for investors to pay attention to…

The Economic Times

Cashfree Payments posts 52% jump in revenue in FY26, losses narrow

Over the last two years, Cashfree reported marginal growth in revenue and no improvement in the bottom line following a year-long ban by the Reserve Bank of India on online payment aggregators from onboarding new merchants, which was lifted in late 2023.

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