Page 15 - Latest Updates on Reserve Bank of India
Indian exporters lobby RBI for weaker rupee to offset Trump tariffs
Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said
 "Indian exporters lobby RBI for weaker rupee to offset Trump tariffs")
RBI to conduct 8-day VRRR auction to absorb ₹1.5 trn from banking system
The RBI's VRRR operations are aimed at absorbing surplus liquidity from the system and anchoring short-term rates closer to the policy repo rate
 "RBI to conduct 8-day VRRR auction to absorb ₹1.5 trn from banking system")
Horticulture push: Diversification can lift farm incomes, living standards
If India can align technology adoption, efficient market integration, and supportive policies, horticulture has the potential to become the durable engine of farm growth
 "Horticulture push: Diversification can lift farm incomes, living standards")
Limited room to buy bonds issued by states: India's biggest banks to RBI
Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year
 "Limited room to buy bonds issued by states: India's biggest banks to RBI")
RBI likely to meet bond market this week to discuss H2FY26 borrowing
The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields
 "RBI likely to meet bond market this week to discuss H2FY26 borrowing")
Bank holidays in Sept 2025: Complete list of holidays, detail inside
Bank Holiday: As per the RBI, banks will stay shut on second and fourth Saturdays of the month, and Sundays, when in-branch services won't be available but customers can carry out digital transactions
 "Bank holidays in Sept 2025: Complete list of holidays, detail inside")
India cuts US Treasury exposure, strengthens gold share in forex reserves
India is cutting its US Treasury holdings while adding more gold to its reserves; RBI data shows the shift is part of a global trend to diversify forex reserves and reduce risks from the dollar
 "India cuts US Treasury exposure, strengthens gold share in forex reserves")
Investment outlook remains cautiously optimistic going ahead: RBI study
RBI study signals a cautiously optimistic outlook for private investments in FY26, backed by healthier balance sheets, policy support, and rising capex momentum
Centre appoints former RBI Governor Urjit Patel as IMF's executive director
Patel's appointment comes four months after Krishnamurthy Subramanian was recalled by the government from IMF
 "Centre appoints former RBI Governor Urjit Patel as IMF's executive director")
RBI net sells $3.6 bn in Jun, net short dollar position dips to $60.39 bn
The RBI reversed its forex stance in June with $3.6 bn net sales, while rupee's REER stayed flat and forward dollar short positions dropped further to $60.39 bn
India's economy resilient but US trade policies a risk: RBI bulletin
Average headline inflation, meanwhile, is seen remaining significantly below the central bank's target of 4 per cent this financial year, according to the RBI bulletin
Headline inflation should continue to be the target, says BS poll
Economists back headline CPI as India's inflation target, stressing food's heavy weight in consumption and urging RBI to retain the 4% benchmark with the current tolerance band
 "Headline inflation should continue to be the target, says BS poll")
RBI mulls restricting shadow banks from duplicating parent businesses
The central bank has been watchful of potential blowups in the sector, and has warned shadow lenders it would not hesitate to take action against firms that pursue reckless growth
RBI, pvt banks be made parties in fake warrant-extortion case: U'khand HC
Money was embezzled through four bank accounts in the case
 "RBI, pvt banks be made parties in fake warrant-extortion case: U'khand HC")
Muted response from large lenders hinders ULI scale up, say bankers
Bankers say Unified Lending Interface growth remains muted as large lenders stick to legacy rails and land record digitisation lags
 "Muted response from large lenders hinders ULI scale up, say bankers")
Bank holiday today: Are banks open or closed on Wednesday, August 27?
As per the Reserve Bank of India's (RBI) regional holiday calendar, banks will be closed in certain regions of India on Wednesday, August 27 in observance of the first day of Ganesh Chaturthi
 "Bank holiday today: Are banks open or closed on Wednesday, August 27?")
A reasonable request: RBI should allow Indian banks to finance M&As
Restrictions on bank finance for M&As have had some perverse and unintended consequences.
 "A reasonable request: RBI should allow Indian banks to finance M&As")
RBI won't be found wanting if 50% US tariff hurts growth: Governor
Says Basel-III norms for credit and market risks likely from April 2027
 "RBI won't be found wanting if 50% US tariff hurts growth: Governor")
Bank holidays in India 2025: Are banks open or closed today on Aug 25?
Bank Holiday: For Tirubhav Tithi, banks in Assam will close on August 25,2025, but banks in the rest of India will stay open. Ganesh Chaturthi is a follow-up holiday on August 27. Read on to know more
 "Bank holidays in India 2025: Are banks open or closed today on Aug 25?")
India's $695 billion reserves can cover 11 months of exports: RBI Governor
RBI Governor Sanjay Malhotra said India's forex reserves at $695 billion can cover 11 months of imports, giving the economy a strong buffer against global shocks ahead of Aug 27 tariff deadline
 "India's $695 billion reserves can cover 11 months of exports: RBI Governor")