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What is Reserve Bank of India (RBI)

Reserve Bank of India

About Reserve Bank of India

What is Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is the central bank of India whose primary function is to manage and govern the financial system of the country. It is a statutory body established in the year 1935 under the Reserve Bank of India Act, 1934. The central bank regulates the issue and supply of the Indian rupee. It also looks after the central government’s money. The central bank plays the role of the bankers’ bank and regulates the banking sector. It also plays an important role in India’s development story by supporting the government in its developmental projects and policies.
 
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Latest Updates on Reserve Bank of India

Updated On : 24 Apr 2026 | 12:00 AM IST

Outward remittances under RBI's LRS rise 19.06% in February 2026

India's outward remittances under LRS surge in February, led by travel and investments, even as education-related spending remains subdued

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Updated On : 23 Apr 2026 | 11:24 PM IST

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

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Updated On : 23 Apr 2026 | 11:15 PM IST

But for the RBI's management, rupee would have been far more volatile

Global shocks from pandemics to wars are reshaping currencies and capital flows, raising questions on RBI's role and India's external stability strategy

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Updated On : 23 Apr 2026 | 11:06 PM IST

External debt and inflation within target: RBI governor Sanjay Malhotra

Malhotra further highlighted India's continued commitment to regulatory reforms and enhanced ease of access and operations for foreign investors

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Updated On : 23 Apr 2026 | 10:59 PM IST

RBI approves Vivek Tripathi's elevation as whole-time director of AU SFB

RBI clears Vivek Tripathi as whole-time director of AU SFB, as the lender gears up for growth and a potential transition to a universal bank

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Updated On : 23 Apr 2026 | 10:20 PM IST

Flow in NRI deposits drops 24% to $11.04 bn in Apr-Feb 2026: RBI data

The total outstanding NRI deposits stood at $167.58 billion as of the end of February 2026

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Updated On : 23 Apr 2026 | 7:15 PM IST

West Asia war, supply issues may pose challenges to economy: RBI Bulletin

The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April

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Updated On : 23 Apr 2026 | 6:35 PM IST

RBI net buys $7.41 billion in forex market in February, shows bulletin

During the month, the RBI purchased $21.4 billion and sold $13.99 billion. In January, it had net bought $2.5 billion

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Updated On : 23 Apr 2026 | 6:19 PM IST

RBI draft norms recast PPI rules, tighten limits and interoperability

RBI proposes new PPI norms to tighten risk controls, enable interoperability with UPI and cards, and streamline wallet classification

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Updated On : 22 Apr 2026 | 11:48 PM IST

FDI firms' net sales growth slows to 8.7% in FY25 from 9.4%: RBI data

With moderate growth in sales and rising expenses, operating profit growth slowed to 10.7 per cent in 2024-25 from 22.1 per cent in the previous year

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Updated On : 22 Apr 2026 | 9:59 PM IST

West Asia conflict prompted MPC status quo, flag external sector risks

RBI holds rates amid West Asia risks, as MPC flags inflation, supply shocks, and external pressures while maintaining a cautious growth outlook

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Updated On : 22 Apr 2026 | 9:36 PM IST

RBI proposes measures to strengthen Prepaid Payment Instruments framework

Accordingly, a draft Master Direction on Prepaid Payment Instruments was issued, and comments were invited by May 22, 2026

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Updated On : 22 Apr 2026 | 8:56 PM IST

MPC members voted for status quo on rates amid W. Asia crisis: RBI minutes

The central bank's six-member MPC voted unanimously to keep the benchmark repurchase rate at 5.25 per cent

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Updated On : 22 Apr 2026 | 7:05 PM IST

RBI allows issuers to map existing e-mandates if cards are reissued

The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said

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Updated On : 21 Apr 2026 | 11:27 PM IST

Crisis response: Things could get tough if the conflict continues

Fragile West Asia ceasefire and oil risks test India's economy, as the RBI balances rupee stability, inflation control, and growth amid rising global uncertainty

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Updated On : 21 Apr 2026 | 10:20 PM IST

RBI partially eases rupee NDF curbs on banks after market stability

Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline

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Updated On : 20 Apr 2026 | 11:57 PM IST

Growth for Jio Fin will remain robust in FY27: MD & CEO Hitesh Sethia

Jio Financial's NBFC arm bets on secured lending first, eyes unsecured segments later as it builds scale and strengthens its balance sheet

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Updated On : 20 Apr 2026 | 11:30 PM IST

Second-round effects of supply shocks a real concern, says RBI governor

Forex intervention as needed; not committing to indefensible peg: Malhotra

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Updated On : 20 Apr 2026 | 10:50 PM IST

RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

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Updated On : 20 Apr 2026 | 5:15 PM IST