Finance News

Currency in circulation growth hits five-year high, says RBI report

Currency in circulation rose 13.5% YoY to ₹43.46 trillion in October, while reserve money grew 10.3%, supported by FCNR(B) inflows and RBI liquidity measures

RBI's net dollar purchases hit record $43.26 billion in August: Bulletin

The RBI's net dollar purchases more than doubled to $43.26 billion in August, while its outstanding net short position in the forward market climbed to a record $200.06 billion

RBI tightens operational risk capital norms for banks from April 2027

The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027

Outward remittances under LRS rise 3.6% to $2.74 billion in August 2026

Outward remittances under the RBI's Liberalised Remittance Scheme rose 3.6% YoY to $2.74 billion in August, driven by overseas investments, while education spending fell

RBI revises bank leverage ratio norms, new framework effective April 2027

The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027

Flight to safety hits fintech funding, DPDP Act may lead to further squeeze

Fintech funding rounds declined 41 per cent to 153 in January-September 2026, even as capital raised increased 14 per cent to $2.2 billion, signalling a shift towards established firms

India's forex reserves decline $5 billion to $721 billion: RBI data

Experts attribute the sharp decline in the kitty to deployment of FCNR(B) resources and currency defence put up by the RBI through dollar sales

Rupee rises 3 paise to 94.78 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.78, registering a gain of 3 paise over its previous close

Shallow rate hike cycle likely to still test borrowers this time

A shallower rate-hike cycle could still strain household budgets as higher EMIs, elevated inflation and uncertain wage growth weigh on borrowers

Rupee snaps eight-day winning streak as rise in crude offsets inflows

The rupee weakened to 94.83 against the dollar after eight sessions of gains as rising crude oil prices and dollar buying offset foreign inflows linked to the Jio Platforms IPO

Rajasthan govt launches campaign to curb GST evasion, fraudulent ITC claims

Rajasthan's Commercial Tax Department has intensified its drive against GST evasion, detecting potential tax irregularities of ₹2.85 crore across 10 business establishments.

Finance Ministry to invite comments on amended GST return forms from Nov 1

The revised GSTR-1, GSTR-1A and IFF forms aim to improve reconciliation with GSTR-3B, minimise mismatches in liabilities and input tax credit, and reduce notices to taxpayers

RBI rejects all bids at govt's T-bill auction as short-term yields surge

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

October MPC minutes: Rate cuts off table as members flag rising inflation

RBI MPC minutes show members concerned about broadening inflation, with two dissenting on the shift to calibrated tightening despite unanimous support for a 25-basis-point rate hike

Rupee gains for eighth straight session, longest winning streak in 8 years

The rupee strengthened to 94.47 per dollar, its strongest level in six weeks, supported by foreign inflows linked to Jio Platforms' IPO and recent RBI measures to curb dollar demand

Bajaj Finance, Piramal Finance flag early signs of stress in gold loans

Indian banks ​and non-bank lenders have rushed to lend to consumers against their ​gold holdings as they consider these loans more secure

Rupee jumps to six-week high as Jio IPO-linked inflows bolster recovery

The rupee rose to a ‌peak of 94.4925 before trimming gains slightly to last quote at 94.56, up 0.4% on the day

Rising overnight rates may spur strong demand at RBI's liquidity auction

Festive cash withdrawals and tighter CRR requirements shrink surplus liquidity, prompting banks to seek short-term funds from the RBI

Rupee rises 9 paise to 94.80 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.90 then touched 94.80 against the American currency, registering a gain of 9 paise from its previous close

MFIs may have to grin & bear for some time as funding pressures persist

A tweak in microfinance norms may be needed as flight to safety overrides growth objectives