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The Latest Breaking News from the Reserve Bank of India

Rupee hits one-month low as renewed Mideast conflict lifts oil prices

The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the Reserve Bank of India. Markets had anticipated less severe escalation, but this risk is…

The Economic Times

Why is RBI now cutting down its $100 billion short dollar forward position; how will it impact Rupee?

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces…

The Economic Times

FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss…

The Economic Times

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India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3

India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 326, 2026. The Reserve Bank of India closely monitors foreign exchange market developments. The RBI intervenes when necessary to ensure orderly market conditions. The central bank refrains from targeting…

The Economic Times

RBI rate hike: Interest burden for Indians may go up later this year amid inflation risks

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising concerns over domestic inflation could lead to increased rates in the future. Revisions to FY27 economic growth projections indicate a stronger demand trend, while external accounts are…

The Economic Times

IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%

India's economy is anticipated to expand by 6.4 percent in fiscal year 2026-27, bolstered by strong private consumption and active service sectors. Although global growth is predicted to ease to 3.0 percent in 2026, domestic demand is set to drive India's economic growth amidst international uncertainties. The Reserve Bank of…

The Economic Times

Corporate Paper issuances touch 5-yr high at Rs 2.53 lakh crore in June

Indian companies significantly boosted their fundraising via commercial papers in June, reaching a near five-year high. This surge, driven by attractive pricing, seasonal needs, and debt refinancing, saw Rs 2.53 lakh crore raised. Experts note a shift from costlier bank loans to cheaper short-term market funding, supported by ample investor…

The Economic Times

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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

RBI imposes Rs 66.7 lakh penalty on Bank of Baroda, GIC Housing Finance

The Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Baroda faces a Rs 63.6 lakh fine for charging excess interest and delayed KYC record uploads. GIC Housing Finance has been fined Rs 3.1 lakh for failing to…

The Economic Times

RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy

The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be legalized. Citing concerns over potential use in illegal activities such as terror funding and drug smuggling, the central bank highlighted the difficulty in…

The Economic Times

RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for…

The Economic Times

Parliament Standing Committee on Finance to review Virtual Digital Assets; RBI, ICAI to take part

Parliament's Standing Committee on Finance is set to scrutinize the regulatory future of Virtual Digital Assets (VDAs) on July 2nd. The committee will hear from the Reserve Bank of India regarding financial stability and money laundering concerns, followed by discussions with the Institute of Chartered Accountants of India on taxation…

The Economic Times

Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod

Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported…

The Economic Times

RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know

The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and…

The Economic Times

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The Economic Times

Clearing Corporation of India receives European Securities authority recognition

The European Securities and Markets Authority has granted essential recognition to India's Clearing Corporation, putting an end to a prolonged dispute. This groundbreaking approval allows the Clearing Corporation of India Ltd (CCIL) to operate under the Reserve Bank of India's regulations, an important advancement for European banks. By signing a…

The Economic Times

India bonds up on oil slump, foreign inflows; 10-year yield posts biggest monthly fall in 7 years

In June, Indian government bonds underwent a remarkable rally, showcasing the largest monthly yield drop for the benchmark 10-year bond in seven years. This upward trend was driven by plunging oil prices and a notable rise in foreign investments, especially via the Fully Accessible Route. The Reserve Bank of India's…

The Economic Times

RBI flags AI stock boom as financial stability risk, says Indian banks remain resilient

India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillovers. Despite this, the Reserve Bank of India asserts that India's banking system remains robust, well-capitalised, and resilient to external shocks. Strong macroeconomic fundamentals and healthy balance sheets in both banks…

The Economic Times

Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI

Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital and healthy profits. The Reserve Bank of India's report highlights resilient balance sheets and improving credit growth. Despite global uncertainties, the financial sector, including NBFCs,…

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The Economic Times

India 10-year bond set for best month in 7 years on oil slide, foreign demand

Indian government bonds surged Tuesday, with the benchmark 10-year yield on track for its largest monthly drop in seven years. This rally is fueled by declining oil prices and a significant increase in foreign investment, particularly in Fully Accessible Route bonds. Measures by the Reserve Bank of India and tax…

The Economic Times

HDFC Bank appoints former financial services secretary Rajiv Kumar as new Non-Executive Chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman. The bank's board approved his appointment as an Additional (Independent) Director for four years, effective June 30, 2026. Kumar's three-year term as Chairman awaits RBI approval, with shareholder consent also needed for…

The Economic Times

Some Indian banks poised for interest margin gains as short-term funding costs fall

Indian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. These initiatives are driving down the cost of short-term funding, with certificate of deposit rates already seeing significant drops. Experts anticipate further easing, suggesting banks can now secure funds more affordably,…

The Economic Times

India's forex reserves up by $963 million to $672.58 billion as of June 19

India's foreign exchange reserves saw a healthy uptick of $963 million, reaching $671.63 billion by June 19, 2026, as per RBI data. This robust buffer provides crucial economic stability, shielding the nation from external shocks and supporting the rupee. The central bank actively manages the forex market to maintain order,…

The Economic Times

India bonds jump ahead of auction as oil erases war-led gains

Indian government bonds saw a significant rally for the fourth consecutive day, buoyed by falling oil prices and positive sentiment from foreign inflows and the Reserve Bank of India's cautious stance on rate hikes. This surge occurred ahead of a substantial debt sale, with benchmark yields dropping. Overseas investors are…

The Economic Times

Listed pvt firms return to double-digit sales growth in FY26, led by manufacturing rebound: RBI

Indian companies are back in the double-digit growth lane! The Reserve Bank of India reports that listed private non-financial firms saw sales jump 10.1% in FY26, a significant rebound. Manufacturing led the charge with 10.8% growth, driven by autos and food, while services also posted strong gains. However, input costs…

The Economic Times

RBI sold net $8.9 billion in April, gold holdings unchanged

The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the U.S.-Iran crisis and increasing oil costs. While gold stocks stayed stable, improving geopolitical conditions have bolstered the rupee's…

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